Staff costs surge at HCLTech

Quick Summary:

HCLTech's employee costs have surged to 56.8% of revenue in FY24, compared to pre-pandemic levels.

This rise is due to increased on-site employees and reduced fresher hiring.

The company noted an average salary hike of 3.4% for 2023-24, which is among the lowest in leading IT services firms.

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Article Details

Author / Journalist: Veena Mani

Category: EconomyBusiness

Markets: IndiaBangladeshGreece

Topics: Employee costs surge Revenue percentage Average salary increase IT services firms Employee benefit cost Business news HCLTech Bengaluru Professional services skills Fresher hiring On-site locations HCLTech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 09:58:44 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 600 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22417461

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 15 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #28

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