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From Cognizant to HCL, India Inc opens up purse for employee retention

Read more about From Cognizant to HCL, India Inc opens up purse for employee retention on Business Standard. HCL had announced a one-time special bonus of $90 million earlier this month to employees around the world as it crossed the $10-billion revenue mark ....

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IT industry can double in size in 4-5 years: Vijayakumar

Sector can grow by $200 bn, says HCL Technologies’ CEO ....

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Democrats Censure Miami Beach Commissioner Ricky Arriola

Last night, the party made good on that promise with a vote of 60 to one, the Miami-Dade Democratic Executive Committee called on Arriola to resign from his post.
At a virtual meeting held on Zoom, party chair Steve Simeonidis called Arriola a clear example of what a bad Democrat looks like.
I think it s incumbent on us to show that one of the differences between our party and the other party is that we are willing to hold our members to account, he said.
The Democratic Executive Committee is the governing body of the Democratic Party in Miami-Dade County. The resolution approved by the voting members is an official document stating that the party disavows Arriola s comments. It also bars Arriola from joining party leadership at the local level unless members vote to lift the ban in the future. ....

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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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