Top performers at HCL Technologies might drive home a Mercedes-Benz. The proposal is with the company's board for approval, HCL CHRO Apparao VV said.
The IT services company had handed out 50 Mercedes-Benz to top performers in 2013, however, it later discontinued the practice.
"Replacement hiring cost is 15-20% higher. Hence, we are actively participating in skilling our workforce. If you need a Java developer you will get them at the same price point. But a cloud professional can't be hired at the same price point," Apparao told The Times of India.
HCL also plans to hire 22,000 freshers in the current financial year, as against 15,600 recruited last year. Apparao added that the company has a "good retention package with a three-year cash incentive scheme which is 50-100% of the CTC every year."
He further stated that at least 10% of the circular talent in the leadership teams have benefited from it.
HCL's IT services attrition on the basis of LTM (last 12 months) jumped by 11.8% in the June quarter, compared to 9.9% in the corresponding period last year.
Apparao stated that Indian IT companies are also dealing with applicants backing out of job offers. "Reneging a job offer is very high today as prospective job-seekers are finding multiple job opportunities," he noted.
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