HCLTech, one of India's leading IT firms, will implement a 7% salary hike starting this October. High-performing employees can expect even larger raises, ranging from 12% to 15%.
The company's Chief People Officer, Ramachandran Sundararajan, shared this news during the Q2 earnings call, highlighting that these changes are similar to last year's increments. HCLTech aims to keep the impact on its operating margins minimal in the December quarter. As of Q2, the company's workforce consists of 218,621 employees, showing its commitment to rewarding talent and maintaining employee satisfaction.