Good news for HCL employees. HCLTech is shifting its quarterly variable pay to a fixed pay structure, a step it says will particularly benefit junior staff. Additionally, the company will implement salary hikes starting October 2025, Ram Sundararajan, Chief People Officer, announced during the September quarter earnings call.
“Given the strong quarter we have had, we have decided to roll out the increments effective from October. We will follow the same process that we did last year,” he said. HCLTech has not revealed the percentage increase for its workforce of 226,640 employees but stated that it will follow a process similar to last year’s. Last year, the company rolled out a 7% salary increase beginning in October, with top performers receiving boosts of up to 12–14%.
Sundararajan added, “In addition, we have also taken the call to move variable pay and convert it into fixed pay and merge it into fixed salary for all employees. These are the two crucial decisions we have taken to support our employees who have helped us deliver the results we have been doing.”
HCL clarified that the annual performance bonus, which ties compensation to performance, will continue for senior and mid-level employees. The company added 3,489 employees in the second quarter ended September 30 and recruited 5,196 fresh engineering graduates during the same period, bringing the total number of freshers hired in the first half of the financial year to around 7,180.
