Moneycontrol PRO
you are here: HomeNewsBusiness

Wipro to roll out promotions for employees starting December 2020

Wipro's employee promotions are for high performers till Band B3, which accounts for nearly 80% of the company's workforce.

September 30, 2020 / 07:58 AM IST
  • bselive
  • nselive
Todays L/H

Bengaluru-based IT services firm Wipro will be rolling out promotions for its employees starting December 1, 2020. The promotions are being rolled out for high performers in bands up to B3, which accounts for about 80 percent of the workforce. B3 is a lead and its equivalent role in the firm.

In a statement to Moneycontrol, Wipro said, "Our employees have shown remarkable resolve and resilience in ensuring seamless business continuity and maintaining high standards of service in these challenging times. Wipro will roll out promotions for high performers in bands up to B3 effective December 1, 2020. Bands up to B3 form about 80 percent of the company’s workforce.”

The company employs about 1.85 lakh people.

These promotions indicate the company’s positive outlook amid the pandemic as its stock jumped over 50 percent in the last six months.

Wipro had earlier said that the company is pausing hikes and promotions in light of the pandemic. While TCS had said it would give promotions selectively, Infosys suspended it altogether. However, all firms had said they would honour all the offers that had been handed out to freshers.


COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Apart from Wipro, Infosys is also looking at promotions as the demand environment is seeing improve, according to reports. Earlier in April, Capgemini rolled out promotions to its employees. Cognizant in an email to employees said that it is kicking off the promotion cycle of employees from October 1.
Moneycontrol News
first published: Sep 29, 2020 09:36 pm
ISO 27001 - BSI Assurance Mark