Corporate

HCL Tech declares one-time bonus over Rs 700 cr for employees

HCL

HCL Technologies announced on Monday a special one-time bonus worth more than Rs 700 cr for its employees, as the computer giant established a turnover of Rs 72.800 cr.

The special bonus will be paid to employees in February 2021 in the amount of nearly $ 90 million plus payroll taxes in some countries, the impact of which is determined by the EBIT (profit before interest and taxes) guidelines provided by the company , HCL, for fiscal year 21, Tech said in a statement.

HCL Technologies announced that it “awarded a special one-time bonus to employees around the world” valued at more than Rs 700 billion in recognition of its latest milestone of more than $ 10 billion in sales for 2020.

“As a celebration and appreciation, all employees with one year of service or more receive a bonus equal to ten days’ salary,” the statement said.

Also Read:- HCL Technologies posts 18.5 pc surge in net profit for Q2

Despite an unrelenting pandemic, each member of the HCL family has demonstrated great dedication and passion and has contributed to the growth of the organization, said Apparao VV, director of human resources for HCL Technologies.

“The $ 10 billion revenue milestone is a testament to our remarkable resilience as an organization and the entrepreneurial spirit of our more than 1,59,000 employees,” added Apparao.

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