The HCL Technologies (HCL) on Monday announced a one-time special bonus worth over Rs 700 crore for its employees worldwide as a mark of appreciation of their performance that led the company to surpass the $10-billion milestone in revenues for the pandemic-hit 2020.
The company, in its statement, said that all employees with one year of service or more will receive a bonus, which will be equivalent to 10 days’ salary.
Hailing the milestone as a “historic” feat, the HCL acknowledged employees’ consistent achievements, long-term relationships with leading companies and its network partners and stakeholders.
The company crossed the $10-billion milestone just 20 years after its IPO.
“Our employees are our most valuable asset. Despite an unrelenting pandemic, each and every member of our HCL family has demonstrated immense commitment and passion, contributing to the growth of the organization. The $10 billion revenue milestone is a testament of our remarkable resilience as an organization and the entrepreneurial spirit of our 159,000+ employees. With this gesture, we want to sincerely express our gratitude to our employees and their families for all their support,” Apparao VV, Chief HR Officer, HCL Technologies said.
The special bonus will be paid to employees in February 2021, amounting to approximately $90 million plus payroll taxes in some countries, the impact of which is excluded from the FY21 EBIT guidance provided by the company in January, the statement said.