The Technological Behemoth, HCL has a fantastic strategy of empowering its employees with a new Mercedes-Benz. The Company wants to retain their personnel by extending lavish incentives.


HCL Technologies, an IT company, intends to encourage top employees with a new Mercedes-Benz. As per the report, an offer in this context has been tabled to the company’s board of directors. Once confirmed, the top achievers might be driving a Mercedes-Benz in no time. The theory, though, is not new; the firm proposed a closely related idea in 2013. It then handed out 50 Mercedes Benz cars to the best achievers. Subsequently, the method was wiped out.

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HCL Is Aiming To Employee 20,000 To 22,000 New Employees

HCL Technologies is also aiming to add 20 to 20k new employees this year, although they have employed 50% of them in the last year.

Apparao VV, the corporation’s Chief Human Resources Officer, demonstrated the interpretation saying that when choosing a substitute, the company spends 15 to 20% additional. He asserted that the corporation is severely engaging in personnel skilling.

“You probably have a Java developer for the identical value but you can’t get the cloud specialist in the same identical value,”

-he further added.

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Apparao VV, Chief Human Resource Officer, HCL Stated On Retention

“There is a spike in staff retention however, depending on the pace of ramp up, we are likely the strongest among our contemporaries. We are investing a lot of effort in respect of interaction. We trust we will manage to attain a fair retention rate during the coming three quarters”

-Apparao VV added.

Whereas this sounds to be a slice of fantastic news for HCL and BharatPe personnel, as for rest, your only possibility is that your management is viewing this just now and under-go a flip of the heart during the next evaluation cycle.

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Delhi Based Corporate Firm Offered Bike & Gadget Deal

Some other Indian conglomerate has crafted a notable promise to woo technical expertise in India. As per a story in leading business, the Delhi-based corporate seeks to increase its IT team, and aspiring employees will be entitled to pick from a bike and a gadget deal.

The five bikes covered in the bike deal are the BMW G310R, Jawa Perak, KTM Duke 390, KTM RC 390, and Royal Enfield Himalayan. Apple iPad Pro (with Pencil), Bose headphones, Harman Kardon speakers, Samsung Galaxy watch, WFH desk and chair, and Firefox Typhoon 27.5 D bicycle are integrated into the tech deal.

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Previously Religare Group and Cognizant Also Shared Great Perks

Religare Group’s top senior leaders received close to 30 high-end cars in 2009, along with BMW and Mercedes Benz. Innovative bonuses, which were mainstream before the 2008 slump, show up to be making a revival. Loyalty perks and training schemes are illustrations of other benefits.

Previously five executive vice presidents and other employees elevated to the EVP level earned restricted stock units from cognizant.

Besides retaining personnel and averting excessive retention, some corporations are now granting sizable privileges and referral rewards to new candidates to fiercely ramp up staff count.