HCL Tech announces Rs 700 cr bonus to employees as company crosses $10b revenue milestone
Special bonus will be paid to employees in February, amounting to around $90 million (over Rs 650 crore) plus payroll taxes in some countries. All employees with one year of service or greater will receive a bonus, which is equivalent of 10 days' salary
- Feb 8, 2021,
- Updated Feb 8, 2021 12:12 PM IST
After crossing a major milestone of $10-billion in revenue for 2020, Tech major HCL Technologies (HCL) has issued a one-time special bonus worth around Rs 700 crore to over 1.5 lakh of its employees around the world.
The special bonus will be paid to employees in February, amounting to around $90 million (over Rs 650 crore) plus payroll taxes in some countries. The financial impact of this initiative is excluded from the FY21 EBIT guidance provided by the company in January.
"Achieving this historic milestone in technology, business and engineering services and software -- just twenty years since HCL Technologies' IPO -- is a testament to the passionate efforts and consistent achievements of its employees, many long terms, deep relationships with leading companies across all industries and a leading network of partners and stakeholders," the company said in a statement.
After crossing a major milestone of $10-billion in revenue for 2020, Tech major HCL Technologies (HCL) has issued a one-time special bonus worth around Rs 700 crore to over 1.5 lakh of its employees around the world.
The special bonus will be paid to employees in February, amounting to around $90 million (over Rs 650 crore) plus payroll taxes in some countries. The financial impact of this initiative is excluded from the FY21 EBIT guidance provided by the company in January.
"Achieving this historic milestone in technology, business and engineering services and software -- just twenty years since HCL Technologies' IPO -- is a testament to the passionate efforts and consistent achievements of its employees, many long terms, deep relationships with leading companies across all industries and a leading network of partners and stakeholders," the company said in a statement.