Indian IT firm,
The IT firm has a headcount of 150,00 employees. It is the third-largest IT services firm in the country. The COVID-19 led
Apparao VV, Chief Human Resources officer at
The company has decided to take a call on its annual appraisal process in July. The bonuses that the company will be paying are for the work delivered by employees in the last twelve months. HCL HR head believes that the company should honour commitments to the employees. He highlights that even during the 2008 crisis, HCL did not cut employee salaries.
The uncertainty in business growth across key markets has affected the IT companies. HCL said that clients from verticals such as transportation, and manufacturing are facing stress. Most of these clients themselves are facing difficult times.
Other companies in IT-BPM sector including Wipro, TCS, and WNS have delayed pay hikes and put promotions on hold.