HCL not to reduce employees nor salaries
The country’s third largest software services Noida Head quartered company HCL Technologies neither will cut salaries of its 150,000 employees nor will dshonour promised bonuses for the previous year in spite of covid 19 pandemic adverse impact on business, according to a report published in Economic times.
HCL Tech had said earlier that it would honour the nearly 15,000 job offers already made to freshers.
“We haven’t seen any cancellations (of projects) but onboarding of new projects has been delayed a little. However, we are seeing a lot of green shoots; today, we have 5,000 open requirements, so we are recruiting in some areas, which are good, neutral and positive (areas),” said Apparao VV, its chief human resources officer.The Company will take on its due appraisal process in july as due.
Attrition, which is generally around 16-17%, has fallen by 50% in the last one month, he said. “So, the lateral demand might come down due to lower attrition, but the demand for freshers will remain intact. Again, these things can dramatically change if we see the pandemic peaking,” he added.
The company is also not considering reducing salaries or holding back on bonus payments, said Apparao.
“Our belief is that the bonuses that we are paying are a function of what people have delivered in the last twelve months and we should honour our commitments to our people. Even during the 2008 crisis, or other past crisis, HCL has never touched employee salaries and we are continuing with the same philosophy,” he said.
Employee productivity has gone up by 16-17% in the last month due to the nationwide lockdown, Apparao said, adding that it was in the process of working out the details of a long term plan to enable nearly 50% of its workforce to work from home in future.