HCL Technologies (HCL), on February 8, announced that it would celebrate crossing the $10-billion milestone in revenues for 2020 by issuing employees worldwide a one-time special bonus worth over Rs 700 crore.
As per a statement from the company, all employees with one year of service or greater will receive a bonus, the equivalent of 10 days’ salary.
The company called the milestone ‘historic’ as it comes just 20 years after HCL’s IPO. It acknowledged employees’ consistent achievements, long-term relationships with leading companies and its network partners and stakeholders.
The special bonus will be paid to employees in February 2021, amounting to approximately $90 million plus payroll taxes in some countries, the impact of which is excluded from the FY21 EBIT guidance provided by the company in January, the statement said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
