There is good news for employees of HCLTech, along with other changes. The tech major has decided to grant pay hikes starting this month, that is, October of 2025. It has also decided that there will no longer be a quarterly variable pay policy. Instead, there will be fixed salaries for all employees.
This move will mainly be of advantage to the junior employees. The senior employees will continue to receive annual performance bonuses.
Under the company’s variable pay policy, the component pertaining to variable pay, which is based on performance for most employees working on projects, has now been combined with fixed pay. Henceforth, it will be paid as fixed monthly salary instead of quarterly variable pay.
The other component, that is, the performance bonus paid annually, will remain unchanged.
This was conveyed by Ram Sundararajn, chief people officer, HCLTech. The second quarter also reportedly saw demand for artificial intelligence (AI) solutions increasing.
HCLTech has reportedly posted a net profit of Rs 4,236 crore, which is more or less the same as was posted during the same time the previous year. However, compared to the June quarter, the net profit is 10.2 per cent more. There has also been a reported increase in revenue from operations, of 5.2 per cent compared to the same quarter last year. That means about 10.7 per cent year-on-year growth with total income of about Rs 32,357 crore.
1 Comment
Yes