HCL New Announcement: Big IT companies of the country are going to increase the salaries of their employees. HCL Technology have announced increase in the salaries of employees.
Salary Hike Update: Shiv Nadar-led IT company HCL Tech, known for its philanthropic work, has not increased the salary of its senior staff for two years. Nine months have passed in this financial year, but there is no hope yet. According to a report by Money Control, junior employees have received a nominal salary hike, with a delay of nine months. From this level, the salary of most employees has increased by only one to two percent. The salary of top performers has been hiked by three to four percent. This is contrary to the announcement of HCL management, under which an average salary hike of seven percent and top performers were announced to be given 12-15 percent.
IT industry facing global challenge
The country’s third largest IT company HCL Technologies is facing the situation arising at the global level like other IT companies. To avoid reduction in profit margin due to global challenge, the company is taking cautious steps on salary hike. Because, wage bill in any company is a big part of its annual budget. In response to Money Control’s questions, HCL said that every year a large number of people join their company. They can get increment only after a year. At the time of current increment, the term of such people might not have come. This is due to that. Apart from this, performance also matters a lot at the time of increment.
Narayana Murthy’s company also postponed salary hike
HCL is not the first IT company in the country to delay salary hike. Earlier, Narayana Murthy’s company Infosys has also postponed the salary hike of its employees. After nine months, now indications of this are being given. This too has not been announced yet.
Most Read Articles:
- Income tax exemption limit: Big relief to taxpayers! Income tax exemption limit may be increase upto Rs 50,000 in the budget
- DA Hike Announcement Update: Big news for 1 crore government employees! DA increase will be announced soon, know latest information from center
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
