The festive season has brought cheer for employees in the information technology sector hit by the US recession.
Things get better
* HCL Tech plans to hire 2,000 by Dec-Jan; considering salary hikes for top performers
* Infosys said it will be starting compensation review for need-based promotion starting Oct
* Mahindra Satyam will reinstate variable pay across employee levels starting Oct 1
Employers are talking about hiring, salary hikes and promotions after almost a year of cost cutting that involved lay-offs, lower perks and recruitment freezes.
HCL Technologies plans to hire 2,000 people over the next quarter, including some fresh graduates. It has started the process of identifying its top performers for a salary hike. “We plan to hire 2,000 people in the next three to four months,” D.K. Srivastava, global HR head for HCL Tech, told Hindustan Times.
“Promotions will continue and we will reward our consistent top performers this year as well,” he added, saying the extent will vary between employees, he said.
Infosys Technologies said last week that it would start a compensation review exercise for “need-based promotion” starting October 1, signalling a new employee welfare initiative.
Mahindra Satyam is also trying to rebuild its corporate image and employer brand after the Mahindras took over the corporate fraud-hit Satyam Computer Services, and renamed it.
It is bringing back soon variable pay for all its billable employees, which it had suspended in April, staff welfare allowances for project launches and outstation trips to inspire teams. It has also reintroduced company-paid holidays for those who have completed 10 years with it. “We want to tell our associates that it is business as usual and that we have made a come back in financials too,” said Mukund Menon, head of business HR relations worldwide at Mahindra Satyam.