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HCL announces one-time bonus for employees worth Rs 700 crore – Times of India

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NEW DELHI: HCL Technologies (HCL) on Monday introduced particular one-time bonus worth over 700 crore to its employees. The world tech firm stated that the bonus announcement is “in recognition of its recent milestone.”
The firm crossed the $10 billion-mark in phrases of income for 2020.
“In celebration and gratitude all employees with one year of service or greater will receive a bonus, the equivalent of 10 days’ salary,” HCL acknowledged in a notification to exchanges.
“The $10B 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,” stated Apparao VV, Chief Human Resources Officer, HCL Technologies.
The particular bonus might be paid to employees in February, amounting to roughly $90 million plus payroll taxes in some international locations.
The determine is excluded from the FY21 (2020-21) EBIT (earnings earlier than curiosity and taxes) steering offered by the corporate final month.
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