Last Updated on February 21, 2023 by Abhishek Sharma
Wipro Limited is a multinational corporation headquartered in Bangalore, India, that provides information technology, consulting, and business process services. Wipro’s core services include digital transformation, cloud services, analytics, cybersecurity, and infrastructure services. The company has also been at the forefront of emerging technologies such as artificial intelligence, machine learning, and blockchain. In addition, Wipro has a strong focus on sustainability and has set ambitious goals for reducing its carbon footprint, waste, and water consumption.
Wipro is a great choice for freshers who are looking to start their careers in the IT industry. It is a company that values training and development, innovation, and social responsibility, and offers competitive compensation and benefits.
The salary for software engineers freshers at Wipro can vary based on various factors such as the location of the office, the role, the level of education, and the specific skills and experience of the candidate. However, as per industry standards, the average salary for software engineers freshers at Wipro in India is around 3-5 lakhs per annum.
This salary typically includes a basic salary, allowances, and other benefits such as health insurance and paid time off. In addition, Wipro provides training and development opportunities for its employees to help them develop their skills and advance in their careers.
It’s worth noting that salaries can vary depending on the specific location and position. Additionally, salaries can also increase as the employee gains experience and develops new skills. So, while the starting salary for software engineers freshers at Wipro may be modest, it can grow substantially over time as the employee progresses in their career.
Wipro Salary Breakup for Freshers
The salary breakup for software engineer freshers at Wipro typically includes the following components:
- Basic Salary: This is the fixed portion of the salary that is agreed upon between the employer and employee. It is typically based on the job position and the level of experience of the employee. For a software engineer fresher at Wipro, the basic salary can range from around 3-5 lakhs per annum.
- Allowances: Wipro may provide various allowances to its employees such as housing allowance, transportation allowance, meal allowance, and others. These allowances can vary depending on the location and position of the employee.
- Performance-based pay: Wipro has a performance-based pay system, which means that employees are evaluated on their performance and may receive a bonus or other incentives based on their performance.
- Provident Fund: Wipro provides a Provident Fund (PF) to its employees as a retirement benefit. The PF is a fund to which both the employee and employer contribute a certain percentage of the employee’s salary each month.
- Gratuity: Wipro also provides gratuity to its employees as a retirement benefit. Gratuity is a lump sum payment made to the employee when he or she retires, or after completing a certain number of years of service with the company.
- Other Benefits: Wipro may also provide other benefits to its employees such as health insurance, life insurance, and employee stock options.
Frequently Asked Questions (FAQs)
Q1. Does Wipro offer variable pay or performance-based pay?
Ans. Yes, Wipro offers variable pay or performance-based pay to its employees. The variable pay is based on the performance of the employee and can be a significant component of the employee’s total compensation.
Q2. Does Wipro provide any allowances to its employees?
Ans. Yes, Wipro provides several allowances to its employees, including housing allowance, transportation allowance, and meal allowances. The amount of these allowances can vary depending on the location and job position of the employee.
Q3. Does Wipro offer health insurance to its employees?
Ans. Yes, Wipro offers health insurance to its employees, including medical, dental, and vision insurance. The coverage can vary depending on the location and job position of the employee.
Q4. Does Wipro offer retirement benefits to its employees?
Ans. Yes, Wipro provides retirement benefits to its employees, including Provident Fund and Employee Pension Scheme. The amount of these benefits can vary depending on the location and job position of the employee.
Q5. Does Wipro offer stock options to its employees?
Ans. Yes, Wipro offers stock options to its employees as part of its compensation package. The amount of stock options can vary depending on the job position of the employee.
Q6. Does Wipro pay higher salaries to employees with advanced degrees?
Ans. Yes, Wipro may pay higher salaries to employees with advanced degrees, such as a Master’s degree or a Ph.D.
Q7. How often does Wipro review employee salaries?
Ans. Wipro typically reviews employee salaries annually, but the review cycle can vary depending on the job position and location of the employee.