The bonus is the equivalent of 10 days’ salary.
The bonus is the equivalent of 10 days’ salary.

HCL Technologies crossed the revenue mark of $10 billion last year. To recognise its employees' efforts, it has announced a one-time special bonus to its staff worldwide.

All employees with one year of service or more will receive a bonus, the equivalent of 10 days’ salary.

The special bonus will be paid to employees in February 2021. It is valued at $90 million (Rs 700 crore) plus payroll taxes in some countries. The company informed that the impact of the decision will be excluded from the FY21 EBIT guidance provided by the company last month.

“Our employees are our most valuable asset. Despite an unrelenting pandemic, each and every member of our HCL family has demonstrated immense commitment and passion, contributing to the growth of the organization. The $10B revenue milestone is a testament of our remarkable resilience as an organisation and the entrepreneurial spirit of our 159,000+ employees. With this gesture, we want to sincerely express our gratitude to our employees and their families for all their support,” said Apparao V V, chief human resources officer, HCL Technologies.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal