HCL Tech, India’s third-largest software exporter, is introducing a new policy linking employee leaves to their office attendance, according to a Moneycontrol report citing sources. This policy mandates that employees work from the office three days a week and at least 12 days a month. Failure to meet this requirement will result in a reduction of leaves for each day absent.
This development comes five months after HCL Tech transitioned to a hybrid work model, requiring employees to return to the office three days a week.
According to the Moneycontrol report citing an anonymous employee, the HR department has started informing teams about this update via email, and it is already in effect. The employee added, “Once our leaves are over, this could lead to loss of pay.”
Currently, HCL Tech offers 18 annual leaves and one personal leave to employees who have been with the company for less than three years. Those with more than three years of tenure receive around 20 annual leaves and two personal leaves.
An HCL Tech spokesperson said, “Our hybrid work policy provides flexibility where people in middle and senior level management follow any 3-days a week work from office arrangement which supports collaboration. All other employees follow the working arrangements as necessary to meet the client commitments and these are planned by the respective managers.”
Last week, HCL Technologies posted a 20.45 per cent jump year-on-year in its net profit to Rs 4,257 crore for the first quarter of the financial year 2024-25. Its revenue from operations during April-June 2024 rose 6.69 per cent to Rs 28,057 crore, against Rs 26,296 crore in the year ago period.
Its net profit had stood at Rs 3,534 crore in the corresponding period last year, according to a BSE filing.
Comments
0 comment