Wipro may skip giving hikes to “top performers with higher compensation” in its largest business line in the upcoming round of salary revisions in December, according to an internal memo seen by Reuters.
Such a move might affect employee morale and lead to more attrition, according to Peter Bendor-Samuel, CEO at Everest Group. “The additional attrition will help rebalance benches to meet demand, and will help bring cost back into balance with demand,” he added.
