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HCL Technologies: HCL Tech to pay staff Rs 700 crore bonus

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HCL Technologies, the country s third-largest software services firm, has announced a one-time bonus programme for its over 1.5 lakh employees worth Rs 700 crore to mark the milestone of the company s revenues touching the $10 billion revenue milestone.
The special bonus will be paid to employees in February 2021, amounting to approximately $90 million-plus payroll taxes in some countries, the impact of which is excluded from the FY21 EBIT guidance provided by the company last month, HCL said in a statement. In celebration and gratitude, all employees with one year of service or greater will receive a bonus, the equivalent of ten days’ salary. ....

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HCL bonus news: HCL announces one-time bonus for employees worth Rs 700 crore | India Business News

“The $10 billion revenue milestone is a testament of our remarkable resilience as an organization and the entrepreneurial spirit of our more than 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 VV, chief human resources officer, HCL Technologies.
The special bonus will be paid to employees in February, amounting to approximately $90 million plus payroll taxes in some countries.
The figure is excluded from the FY21 (2020-21) EBIT (earnings before interest and taxes) guidance provided by the company last month.
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Rs 700 crore 'Thank You' bonus: THIS IT company's BIG announcement for employees

Rs 700 crore 'Thank You' bonus: THIS IT company's BIG announcement for employees - HCL Technologies (HCL) has issued a one-time special bonus worth around Rs 700 crore to over 1.5 lakh of its employees across the globe. ....

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HCL Tech to Award Employees One-Time Special Bonus Worth Rs 700 Crores

HCL Tech to Award Employees One-Time Special Bonus Worth Rs 700 Crores
The one time special bonus is set to be given to over 150,000 employees to mark the company crossing of 10 billion revenue milestone in 2020.
| 8 Feb 2021 9:30 AM GMT
NEW DELHI: IT giant HCL Technologies on Monday announced they are giving out a one-time special bonus worth ₹700 crore to their employees around the globe, to mark the historic crossing of $10 billion mark in revenue for the year 2020.
All employees with one year of service or more will receive a bonus amount equivalent of ten days salary.
The company released a statement announcing the bonus. The statement from Chief Human Resources Officer Apparao V.V said, In celebration and gratitude. all employees with one year of service or greater will receive a bonus, the equivalent of ten days salary. Our employees are our most valuable asset. Despite an unrelenting pandemic, each and every member of our HCL family has demon ....

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HCL Tech employees to get 10 days' salary as bonus to celebrate USD 10 billion revenue milestone

HCL Tech employees to get 10 days salary as bonus to celebrate USD 10 billion revenue milestone
HCL Tech employees to get 10 days salary as bonus to celebrate USD 10 billion revenue milestone
HCL Technologies employees will be getting 10 days salary as a one-time bonus, a move announced to celebrate the company s USD 10 billion revenue milestone.
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UPDATED: February 8, 2021 21:31 IST
HCL Technologies employees will be getting 10 days salary as a one-time bonus, a move announced to celebrate the company s USD 10 billion revenue milestone.
HIGHLIGHTS
The move was announced by the company to celebrate its USD 10 billion revenue milestone.
Those who have completed at least one year with the company will be applicable for the bonus pay. ....

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