HCL Technologies has said it does not approve of dual employment, the issue is not a major one within the company.
“Dual employment while working for HCL Tech…we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality and non-compete… all those provisions that are there we expect our employees to honour those commitments,” Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing.
He further said, “We don’t have that as big problem that we have too many people indulging in dual employment. It is not a big problem. We have had one or two stray instances.”
To another question, the company said whether it is a pay increase in this cycle or managing variable pay even in tough times, the company has stayed on course and stuck to its policy. There has been no change in the company’s approach to variable pay or, for that matter, annual compensation review.
The only change in the annual compensation review this year has been with regard to the top leadership team where compensation has been deferred by a quarter. The remainder 98 per cent of staff have seen compensation increase in the usual cycle, and there has been no change.