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    Home»News»Compensation & Benefits»After salary hike, Wipro allots company shares to employees
    Compensation & Benefits

    After salary hike, Wipro allots company shares to employees

    HRK News BureauBy HRK News BureauMay 19, 2023Updated:May 22, 20231 Min Read6141 Views
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    On Wednesday, 17 May, information and technology (IT) firm Wipro announced the allotment of approximately 3,98,733 shares to its eligible employees as stock options, through an exchange filing.

    Around 3,96,893 shares were given under the ADS Restricted Stock Unit Plan 2004, while 1840 were allocated under the Restricted Stock Unit Plan 2007.

    Earlier, Wipro’s competitor, tech company Infosys, had also allotted more than 5.11 lakh equity shares to its key contributors to appreciate employees’ efforts and expand their ownership.

    In the past six months, Wipro offered bonuses and promotions to its employees across all bands. The tech giant  rolled out variable pay of 80.25 per cent in Q4 and gave 87 per cent variable pay in Q3 and 100 per cent in Q2.

    Additionally, Wipro has opted to revamp its recognition portal and introduced new benefits, incentives and R&R programmes, along with employee assistance for better handling of COVID via activities on ground.

    Employee Benefits equity shares Wipro
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