HCL Tech announces big changes to variable pay policy – Who will benefit? When will employees get hike? Details here

IT giant HCL Tech has announced its plan to change its quarterly variable pay policy to fixed salaries for all employees and roll out salary increments from October, following last year’s process.

“We have also taken a decision to move the quarterly variable pay and convert that into fixed pay and merge it with fixed salary for all our employees,” HCL Tech’s Chief People Officer Ram Sundararajan said at a press conference following the release of quarterly earnings on Monday.