As part of its ongoing commitment to employee development, HCLTech has announced a seven per cent salary hike effective October 2024, with top performers receiving increments of up to 15 per cent. Ramachandran Sundararajan, chief people officer, HCLTech, highlighted that this move acknowledges employee contributions amid strong financial results. Despite the salary increase, the company expects minimal impact on its operating margins for the December quarter, with efficiency measures in place to mitigate potential effects.
The company’s compensation strategy aligns with its annual review cycle and is designed to retain talent while maintaining profitability. The wage increase comes at a time when other Indian IT firms have delayed raises due to a challenging demand environment. However, HCLTech’s solid financial performance, reflected in both revenue and margin growth, has allowed the company to implement the pay hikes without compromising its financial…
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