Wipro’s lower-salary proposal accepted by over 90% freshers: Report

To fast-track their onboarding, more than 90% freshers have accepted Wipro’s proposal to consider a lower starting salary than what was originally offered, HT’s sister website Mint has reported citing Economic Times.

“The next-gen associates were given both the options, and 92% of campus hires chose to join at the lower offer,” said Jatin Dalal, Wipro’s Chief Financial Officer (CFO), as reported by Economic Times (ET story behind paywall).

What was the offer?

In February, India’s fourth-largest IT company sent an email to freshers awaiting their onboarding. It asked if they were willing to join at a package of ₹3.5 lakh per annum, instead of ₹6.5 lakh per year, which was the original offer.

In the email, the Bengaluru-headquartered organisation assured an ‘early joining’ for those who accepted the option. Those who want to go with the original offer can do so, the email noted, adding, however, that in such a scenario, the multinational firm would not be able to commit to an onboarding date.