News: HCL Tech planning to hire up to 9,000 freshers

Recruitment

HCL Tech planning to hire up to 9,000 freshers

The company is also implementing the salary increments effective October 1, up to E3 levels, and effective January 1, for E4 and above levels.
HCL Tech planning to hire up to 9,000 freshers

ITeS major HCL Technologies stated it is looking at hiring up to 9,000 freshers in the second half of this fiscal on account of strong growth momentum.

In addition, the company is implementing the salary increments effective October 1, up to E3 levels, and effective January 1, for E4 and above levels, it was announced.

The appraisals, which were deferred on account of the COVID-19 uncertainty, will be similar to the previous year, the company announced. Last year, the company had offered an average 6 percent raise to its staff in India and a 2.5 percent increase in wages of overseas employees.

As far as the hiring plans are concerned, Chief Human Resources Officer Apparao V said the company onboarded over 1,500 freshers in the September quarter.

The developments come on the back of a solid earnings performance. The Noida-based company posted an 18.5 percent rise in September quarter net profit at Rs 3,142 Cr while the company's deal pipeline rose 20 percent QoQ, which is "an all-time high", it said.

In September, the firm also had announced the acquisition of Australian IT firm DWS Ltd for USD 115.8 Mn. The company will increase investments in certain geographies like Germany, France, Australia, Japan, and Canada, said President and CEO C Vijayakumar.

At the end of the September 2020 quarter, HCL’s employee count stood at 153,085 employees, while attrition for IT services (on a last 12-month basis) hovered at 12.2 percent. With its decision to implement salary hikes and hire more people in the second quarter, the IT major has given much to cheer as far as the IT sector in the country is concerned. Earlier this week, Tata Consultancy Services (TCS), Infosys, and Wipro also announced salary hikes for their employees, pointing out to the fact that Indian IT companies saw signs of an uptick in demand for their software services and digital technology offerings during the September quarter.

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Topics: Recruitment, #Jobs, #Hiring

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