HCL pays 16k staffers up to 30% of salary as skill perk

HCL pays 16k staffers up to 30% of salary as a skill perk

HCL Technologies is an Indian multinational information technology(IT) services and consulting company, headquartered in Noida, Uttar Pradesh, India. It is a subsidiary of HCL Enterprise. Originally a research and development division of HCL.

While HCL Technologies is on the Forbes Global 2000 list. It is among the top 20 largest publicly top companies in India with a market capitalization of $21.5 billion as of May 2019. As of July 20020, the company, along with its subsidiaries, had a consolidated annual revenue of US$10 billion.

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.

Moreover, 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. It introduced skill-based allowances some three years ago.

On the other side, 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 fulfill a large part of the demand internally. If 100 positions are required, we can fulfill 55 positions internally, Apparao said.

HCL is hiring 20,000 campus graduates in FY22, compared to 14,500 in the previous fiscal. We have a 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 vis policies, the Covid situation, ” Apparao said. As of March 31st, HCL’s headcount was 1,68,977. While it added 18,554 people last year. Attrition came down to 9.9% from 16% a year earlier.

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