16,000 HCL Employees Get 30% Salary As Bonus; HCL Profits Dip By 6% Last Quarter

By Arpita Last updated Apr 28, 2021

A skill-based allowance of 25-30% of the CTC to about 16,000 HCL employees.

HCL Technologies has offered a skill-based allowance of 25-30% of their CTC (cost-to-company) to about 16,000 employees.

“These are skills where customers are paying a premium and we are passing it on to the employees. Over the years the number of people who qualify for this allowance has seen a steady increase. It’s a narrow segment, and that skill has to be in demand,” said Apparao V V, Chief HR Officer. HCL had introduced skill-based allowances some three years ago.

Certifying And Training

The C Vijayakumar – led HCL has identified 25-30 hot skills.

“Based on 18 months data, we have geared up our engine in terms of certifying and training these people so that we can fulfil a large part of the demand internally. If 100 positions are required, we can fulfil 55 positions internally,” Apparao said.

HCL is hiring 20,000 campus graduates in FY22, compared to 14,500 in the previous fiscal.

“We have demand for 17,000 people from different businesses and this year we are targeting 20,000 new recruits. Our offshore hiring has increased dramatically as the business mix has changed due to visa policies, the Covid situation,” Apparao said. As of March 31, HCL’s headcount was 1,68,977. It added 18,554 people last year. Attrition came down to 9.9% from 16% a year earlier.

Necessary Health Services For HCL Employees

As the country grapples with record-high COVID events, IT services giant HCL Technologies is working closely with clients to prioritise work and move some workload from India to other geographies to ensure business continuity.

The firm, which expects double-digit sales growth in constant currency in FY22, is also stepping up its efforts to ensure that workers and their families have access to critical health care as the pandemic enters its second wave.

Speaking to PTI, HCL Technologies President and CEO C Vijayakumar said the company is working with clients to prioritise important work.

“We have a global organisation. We already have almost 30 per cent of our workforces present outside India. Some geographies have stabilised and their vaccination levels are very high, so they are taking a little more load. Everybody’s very understanding of the situation, clients and our employees in other geographies,” he added.