HCL Tech to pay one-time bonus worth over Rs 700 Cr to staff

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By Ashish Mitra --
Monday, 08 Feb, 2021

In a latest, HCL Technologies has decided to pay a special one-time bonus worth over Rs 700 crore for its employees as it lodged a revenue milestone of USD 10 billion (about Rs 72,800 crore).

The company said that it was 'issuing a one-time special bonus to employees around the world' worth over Rs 700 crore in recognition of its recent milestone of crossing the USD 10 billion mark in revenue for 2020. 'In celebration and gratitude to employees with one year of service or greater will receive a bonus, the equivalent of ten days' salary,' a statement of the company said.

The bonus amounting to nearly USD 90 million will be paid to employees in February plus payroll taxes in some countries, the impact of which is excluded from FY21 EBIT (earnings before interest and taxes) guidance provided by the company last month.

Despite the pandemic, each and every member of HCL family demonstrated strong commitment and passion contributing to the growth of the organisation, Chief Human Resources Officer, HCL Technologies Mr. Apparao VV said. 'The USD 10 billion revenue milestone is a testament of our remarkable resilience as an organisation and the entrepreneurial spirit of our 1,59,000 plus employees,” he added.

HCL Tech to pay one-time bonus worth over Rs 700 Cr to staff . In a latest, HCL Technologies has decided to pay a special one-time bonus worth over Rs 700 crore for its employees as it lodged a revenue milestone of USD 10 billion (about Rs 72,800 crore).

The company said that it was 'issuing a one-time special bonus to employees around the world' worth over Rs 700 crore in recognition of its recent milestone of crossing the USD 10 billion mark in revenue for 2020. 'In celebration and gratitude to employees with one year of service or greater will receive a bonus, the equivalent of ten days' salary,' a statement of the company said.

The bonus amounting to nearly USD 90 million will be paid to employees in February plus payroll taxes in some countries, the impact of which is excluded from FY21 EBIT (earnings before interest and taxes) guidance provided by the company last month.

Despite the pandemic, each and every member of HCL family demonstrated strong commitment and passion contributing to the growth of the organisation, Chief Human Resources Officer, HCL Technologies Mr. Apparao VV said. 'The USD 10 billion revenue milestone is a testament of our remarkable resilience as an organisation and the entrepreneurial spirit of our 1,59,000 plus employees,” he added.

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