HCL Technologies to hire 22,000 freshers in FY22

Renowned IT solutions major HCL technologies intend to hire 22,000 Freshers in FY22. The company also reported an increase in Attrition Rate at 11.8% in Q1 FY’22, which is down from 14.6% in 2020.HCL hiring freshers come as a part of their aim to increase employee engagement and initiate large-scale upskilling programs. Other than hiring, HCL also announced its Q1 results for the Financial Year 2021-22 on July 19, in which they reported a 9.9% rise in consolidated net profit to Rs 3,214 crore for the June-ended quarter. HCL also reported an 11.7% growth in revenue in constant currency in the first quarter.

V V Apparao, Chief Human Resources Officer, HCL Technologies, while talking to media, said that HCL would hire 20,000-22,000 freshers in the current fiscal year. He added that HCL hired 14,600 freshers globally. Apparao added that HCL was stepping up its fresher intake as it looks to increase the internal fulfillment rate as the demand and supply gap widens. He noted that freshers don’t have anything to unlearn, and it is easy to train them on new-age skills.

Apparao also stated that skilling up is possible in the talent pool, and as part of that, the company has on-boarded 3,444 in Q1 and Q2 and are at present targeting 6000.V V Apparao while talking about HCL’s intention to hire thousands of freshers, also mentioned that HCL technologies plan to give increments to employees starting July 1. The last time the company gave salary increments was on October 1, 2020. He noted that they are getting back to the regular cycle, and they see pressure on salary costs

The company also came under headlines when they announced that Shiv Nadar has stepped down from the post of Managing Director and Board Member of HCL Tech, effective from July 19.HCL technologies also elevated C. Vijayakumar to the post of Managing Director and Chief Executive Officer