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HCL to give 8% salary hike to offshore staff; hire 10,000 in US

Last Updated: Wednesday, July 25, 2012 - 23:20

New Delhi: HCL Technologies on Wednesday said it will give salary hikes of up to 8 percent to its offshore employees and its plan of hiring 10,000 people in the US and Europe is also on track despite the global economic uncertainties.

"About 75 percent of the workforce will receive their hikes in July, while the remaining at management levels will get it in October as per our cycle.

"Offshore employees are getting hikes of about eight percent and onsite employees will get two percent increase," HCL Technologies Vice-Chairman and CEO Vineet Nayar told reporters here.

The hikes are in line with most of the other players like TCS and Wipro, who have given similar hikes. They are also sticking to their hiring targets.

TCS expects to hire 50,000 people this year, while Wipro has not disclosed its numbers.

Infosys, on the other hand, has said it will stick to its plan of hiring 35,000 people this year, but has pushed the decision on wage hikes to October on account of global economic uncertainties.

During the quarter, HCL Technologies added 7,008 people (gross) and 1,855 employees (net), taking the total headcount to 84,319.

Attrition level of the company stood at 14 percent in the April-June 2012 quarter.

The company has set a target of hiring 10,000 people in the US and Europe by 2015.

"We are in line with our target to hire responsibly. The focus is on increasing local hiring. Last year (2011-12) we hired 2,200 people in these markets," Nayar said.

With anti-outsourcing campaign against Indian technology companies gaining momentum in the US and Europe, most companies have been consistently hiring more and more in these markets to blunt the criticism of 'taking away' jobs.

While politicians and governments in these countries have objected to offshoring of work by their companies to countries like India so as to retain jobs back home, industry experts have called such criticism a political rhetoric.

The US and Europe account for as much as 80 percent of the revenues of the USD 100 billion Indian IT-BPO market.


First Published: Wednesday, July 25, 2012 - 23:20
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