A leading global technology company, HCLTech added 3617 employees in Q3 and its Total Headcount stood at 224,756.
Moreover, the company’s attrition (LTM) rate for the quarter moderated further to 12.76% from 14.2% in Q2 FY24 and 21.7% YoY.
According to the reports published by ET, HCLTech will continue hiring for Q4 to have a good margin.
Ramachandran Sundararajan Chief People Officer at HCLTech said, “We will continue the hiring trend for Q4 to support the growth we have projected for March ending quarter. Our lateral hiring will continue for Q4FY23.”
“In the case of fresher hiring, we continue to honour our commitments for onboarding. We will see a fresher onboarding happening in Q4 as well”, Ramachandran Sundararajan added.
Earlier he said, “We continue to honour the commitments of fresher onboarding… Attrition is the lowest in the last seven years. We have also implemented the pay hikes for entry and junior-level employees this quarter.”
Ramachandran further said, “So net-net, we expect Q4 to be a net addition to our headcount. But it is early to talk about FY25.”
During Q3FY24 results, C Vijayakumar, CEO & Managing Director, HCLTech said, “Our results this quarter have been remarkably strong, driven by strong momentum in both services and software businesses and a stellar operating margin. HCLSoftware’s performance was another bright spot and we are excited about its strategic progress over the last year,”
“We will continue to invest in AI, specifically Generative AI as well as cloud-native capabilities across our products and services to address evolving client needs”, C Vijayakumar said.
C Vijayakumar further said, “We remain confident of our continued growth momentum enabled by our business mix, our people, and laser-sharp focus on delivering innovation and hyper-automation to our clients.”
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