HCL to pay bonuses, no pay cuts, honour existing offers

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HCL to vaccinate all of its employees and their families based in India before June 30
HCL Group (HCL Technologies, HCL Infosystems and HCL Healthcare, and Shiv Nadar Foundation and its institutions) has already vaccinated more than 25% of its eligible employees with at least one dose.

IT firm, HCL has emphatically declared that despite the slowdown, and the economic impact of coronavirus, they will pay all promised bonuses all 150,000 employees, will honour the nearly 15,000 job offers already made to freshers, and no salary cuts for any employee.

Apparao VV, Chief Human Resources Officer, HCL said that HCL won’t roll back any promised bonuses and incentives from last year, and they will be honored.

He added, “Our belief is that the bonuses that we are paying are a function of what people have delivered in the last 12 months, and we should honour our commitment to our people,”

Besides, no salary cuts for any employee has been promised for all 150,000 employees. In addition, HCL will also hire freshers and bring 5,000 of them onboard, he said.

“We haven’t seen any cancellations (of projects,) but onboarding of new projects has been delayed by a little. However, we are seeing a lot of green shoots; today, we have 5,000 open requirements in some areas, which are good, neutral, and positive (areas),” Apparao VV, chief of Human Resources at HCL told to media

“Our belief is that the bonuses that we are paying are a function of what people have delivered in the last 12 months, and we should honour our commitment to our people,” CHRO, Apparao added.

Instead, few bigger IT companies like Infosys, Wipro, TCS have delayed all bonuses, but have assured no salary cuts.

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