HCL Will Hire 9000 Freshers In Next 180 Days; Salary Hike For All 1.5 Lakh Employees Announced

Buoyed by stronger than expected financial results, HCL Technologies has announced that they will hire close to 9000 freshers in the next 180 days.

Besides, all 1.5 lakh employees will receive salary hike, starting from the month of October.

What are HCL’s next plans? What is the main reason behind HCL’s new move?

Keep reading to find out more!

HCL Will Hire 9000 Freshers

HCL Chief Human Resources Officer Apparao V has confirmed that they will hire 9000 freshers, between the period October 2020 and March 2021, that is the next 180 days.

This represents last two quarters of FY2021.

As per Apparao, they have already on-boarded 1500 freshers in the last quarter, and their aggressive plans to hire 9000 more freshers is based on their positive business sentiments and aggressive growth projections.

We have already reported that the three biggest IT firms in India: Infosys, TCS and Wipro have already hired 14,300 employees in the last 90 days.

HCL’s announcement to hire 9000 employees clearly shows that IT jobs are back in India.

Salary Hike For All HCL Employees

Due to the coronavirus, HCL along with other IT firms had stopped salary increments, which is now changing.

Due to the increase in both revenues and net profits, HCL has declared salary increment for all 1.5 lakh employees. The company an stunning increase of 20% in quaterly deal pipeline, which has instilled more confidence within the HCL management.

While some of the employees will receive salary increment from October (E3 level), the rest of the workforce (E4 and above levels) will get salary increments from January onwards.

Last year, HCL had declared 6% salary hike for Indian employees, and 2.5% salary hike for overseas employees.

It’s expected that the same appraisal percentage will be repeated this year as well, although no official confirmation has come in.

We will keep you updated, as more details come in.