HCLTech to Implement Employee Pay Hikes from October Amid Strong Growth

In a move reflecting renewed optimism in the IT sector, HCLTech has announced salary hikes for its workforce beginning in October. The decision follows robust revenue growth, improved deal visibility, and an expanding stream of revenue from artificial intelligence (AI) projects. The company joins Tata Consultancy Services (TCS), which recently rolled out similar increments.

Salary Hikes and a New Pay Structure

HCLTech, with a global headcount of 226,640 employees, has confirmed that the increments will follow the same structure as last year, though the exact percentage hike has not been disclosed. In a notable structural change, the company has decided to merge its quarterly variable pay with the fixed pay component, simplifying the payment process for its employees.

“For the vast majority, the variable pay was linked to project-level performance. We are merging it with fixed pay so that it gets paid monthly. Quarterly performance-level pay was largely linked to junior employees, and they will be the beneficiaries,” said Ram Sundararajan, Chief People Officer, HCLTech.

The merged pay structure will particularly benefit junior employees, ensuring more predictable monthly earnings. However, annual performance-linked bonuses will continue for mid and senior-level staff, keeping performance-based rewards intact.

Hiring Momentum and Attrition Trends

Alongside the pay revision, HCLTech continues to strengthen its workforce. During the second quarter ending September 30, the company added 3,489 employees and recruited 5,196 fresh engineering graduates, bringing the total fresher intake for the first half of FY26 to around 7,180.

Read More: HCLTech Share Price in Focus; Revenue Rises 10.7% YoY in Q2 FY26 Results; Declared Dividend! 

HCL Technologies Share Price Performance 

As of October 14, 2025, at 10:10 AM, HCL Technologies share price is trading at ₹1,514.50 per share, reflecting a gain of 1.32% from the previous closing price.

Conclusion

HCLTech’s decision to revise salaries and integrate variable pay with fixed components underscores its focus on employee welfare and simplification. As the company deepens its talent pool and builds on AI-driven opportunities, these strategic HR measures are expected to enhance employee satisfaction and support long-term business growth.

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