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Indian Tech & Infra
Indian Tech & Infra@IndianTechGuide·
🚨 HCLTech to roll out wage hikes from October; move variable pay to fixed salary.
Indian Tech & Infra tweet media
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Cata Paul 🃏‍‍‍
Cata Paul 🃏‍‍‍@CataPaul2·
The company has decided to move (merge) its quarterly variable pay into fixed pay / fixed salary. In other words, the portion of pay that used to be “variable” based on project-level performance will now become part of regular monthly salary. However, annual performance bonuses tied to senior/mid-level roles will still remain. The variable pay shift primarily affects the project-level/quarterly component. The change is expected to benefit junior employees more since that quarterly variable pay was more heavily used for those staff. HCLTech will follow a similar process to last year for how increments are applied.
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World Insights
World Insights@World_Insights1·
HCLTech has announced a company-wide wage hike effective October, benefiting employees across all levels. The move aims to boost retention and morale amid intense competition for tech talent. Additionally, HCLTech will restructure compensation by shifting a portion of variable pay into fixed salary, providing greater income stability and predictability for employees. The company said this decision aligns with its long-term employee-first strategy. Industry experts view this as a positive step toward ensuring workforce satisfaction and enhancing productivity in the evolving IT sector.
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Nitin Verma
Nitin Verma@itsnitinverma·
@IndianTechGuide While TCS is on a firing spreez HCL Tech comes with good news. HCL is best among peers.
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Rahul Maheshwari
Rahul Maheshwari@fropky·
@IndianTechGuide Bold. Nothing says “we believe in you” like admitting the bonus was never really coming anyway
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World Tracker
World Tracker@WorldTrackex·
@IndianTechGuide Wage hike from October… by moving variable pay to fixed. Translation: your bonus just got trapped in a cubicle. 🎉
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OneVision Media
OneVision Media@onevision_media·
@IndianTechGuide 🚨 Smart move by HCLTech! 💼 Turning variable pay into fixed shows confidence and care for employees — stability wins talent.
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Jay
Jay@caffeinetrooper·
@IndianTechGuide More variable pay means they can get away with paying low 🥲
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Vijay Patel
Vijay Patel@WinWithVijay·
@IndianTechGuide Good move for employee stability, fixed pay always brings peace of mind 👍
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Dhawal Doshi 🇮🇳
Dhawal Doshi 🇮🇳@DhawalDoshi5·
@IndianTechGuide This is a good thing but still important is the yearly hike if you can't increase the this incentives will be of no use.
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Sabuj Haque
Sabuj Haque@Sabuj90770·
@IndianTechGuide Smart decision 👍🏻... Fixed pay brings more transparency and confidence.
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Sree Lekha
Sree Lekha@CricketSree·
@IndianTechGuide Turning variable pay into fixed that’s how you keep employees truly motivated and loyal 👏
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SG
SG@Ganesh_Sabari·
@IndianTechGuide @grok how many employees were laid off by HCL Tech in the last 6 months?
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Alfred T
Alfred T@AlfredT27518342·
@IndianTechGuide Variable pay has been the biggest fraud which IT companies have done.. above a grade nobody gets 100%. Your salary of 30lpa is actually only 20lpa.
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Dakshana
Dakshana@DakshanaV·
@IndianTechGuide Nothing great ..these many years they detected so much of monthly EPB money saying performance calculation even you are in billing..now they are giving this for some months as a show off to get the investor confidence and clients..this will be reverted after some month
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Fit&Dev
Fit&Dev@confusedpiyush·
@IndianTechGuide Fixed salary is great decision But it somehow stops growth
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Pal Sahab
Pal Sahab@realdharm·
@IndianTechGuide If basic salary remains same, monthly variable and other allowances are merged to special allowance that a great step towards employee benefits. Good decision 👏
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MITHUN KUMAR RAY
MITHUN KUMAR RAY@Mkumar441313·
@IndianTechGuide While quarterly variable pay has been abolished, annual performance-based bonuses will continue.
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MITHUN KUMAR RAY
MITHUN KUMAR RAY@Mkumar441313·
@IndianTechGuide The company will begin providing annual salary increases starting in October 2025, similar to last year's practice. Last year, HCLTech provided an average salary increase of 7%, with top performers receiving increases of 12-15%.
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