HCLTech to roll out wage hikes from October; move variable pay to fixed salary

 

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HCLTech employees will undoubtedly feel happy about the announcement made by the IT services giant to turn the quarterly variable pay into a fixed salary component. In addition, the company has revealed plans to implement wage power starting October 2025 as per Ram Sundararajan, Chief People Officer, who informed this during the conference call related to earnings for the September quarter. “Considering the strong quarter we’ve had, we’ve decided to make the increments effective from October, following the same procedure as last year,” Sundararajan remarked. Last year, HCLTech had given 7 percent average salary hike to its employees besides 12-14 percent that top performers in the company received as an increase. Sundararajan also mentioned, “We are not only going to merge fixed and variable pay for all employees, but also convert variable pay into fixed pay. The two major steps taken are our persistent assurance of support to our workforce who have always been behind the strong results we achieve.” The company saw a net increase of 3,489 employees in Q2, which brought its workforce to 226,640. During that quarter, HCLTech also hired 5,196 freshers, which means that the total for the first half of FY26 is 7,180 when counting the intake of freshers and the ones hired during the quarter. The last twelve months (LTM) average voluntary attrition decreased to 12.6 percent, which is 20 basis points lower than the previous quarter. On October 13, HCLTech declared its Q2 performance and the flat net profit of ₹4,235 crore for the quarter ending September 30, 2025. The revenue for Q2FY26 was ₹31,942 crore, which was 11 percent more than the ₹28,862 crore in Q2FY25. In terms of sequential comparison, revenue grew by 5.2 percent and net profit increased by 10.17 percent. The company’s operational margin was reported to be 17.5 percent, which is 120 basis points higher than the previous quarter. HCLTech has reiterated its FY26 revenue growth guidance.