The country’s third-largest IT services provider, HCLTech, added 2,134 employees during the quarter ended December, bringing its total headcount to 220,755. This marks a recovery from the previous quarter when the company recorded a reduction of 780 employees.
In contrast, Tata Consultancy Services (TCS), the largest IT services company, reported a net decline of 5,370 employees in Q3, reflecting broader industry challenges.
HCLTech’s attrition rate rose slightly to 13.2% in Q3, up from 12.9% in the previous quarter but down from 14.2% in the same period last year. The company onboarded 2,014 fresh graduates in the December quarter, contributing to a total of nearly 7,000 freshers hired in fiscal 2025 so far. The IT major aims to onboard 10,000 freshers by the end of FY25 and has signaled plans to surpass this hiring target in FY26.
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“We anticipate hiring more in FY26 compared to FY25,” the company stated during its post-earnings press conference. The focus will shift toward specialised skills in artificial intelligence (AI) and data, even for entry-level hires. “Increasingly, we’re prioritising specialisation in key areas,” the company added.
To further strengthen its workforce, HCLTech announced wage hikes for mid- and senior-level management, effective in Q4. This follows salary increases for junior-level employees implemented in Q3. “Mid- and senior-management staff will see wage hikes this quarter. We’ve projected an impact of 50 to 60 basis points, which will carry through this quarter as well,” the company said.
In a celebratory move marking 25 years of its public listing, HCLTech declared an interim dividend of Rs 18 per equity share, including a special Rs 6 per share.
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