Hexaware Technologies Announces 100%+ Variable Pay, Exceptional Performers To Receive Up To 120%
Hexaware Technologies, a leading global provider of IT services and solutions, has announced a 100 per cent+ variable payout for its valued employees, ranging from 100 per cent for employees who met expectations during this appraisal cycle to 120 per cent for high performers who have demonstrated exceptional performance for two years.
Despite the turbulent economic climate, the company believes this investment in its workforce demonstrates an unwavering commitment to employee wellbeing and motivation and that is a testament to its core value of putting people first.
Hexaware’s Chief Operating Officer, Vinod Chandran said, “We know it's our people who make the difference. They bring passion, creativity, and drive to our daily work. Today, we honor their dedication with a 100%+ variable pay. Even in this challenging economic climate, we will do everything we can to show them that they matter as much as their work does. In fact, on the variable payouts for associates with non-KPI variable payouts, our average payout was 103% – which is significantly higher than our peer set. Our determination to go above and beyond in our variable payouts is a testament to our belief that when we support our team, remarkable things happen.”
The company plans to bring on board around 6,000 experienced professionals this year. The company’s reputation in the market and its people-first policy have attracted top talent and employee retention has also seen a significant leap, jumping from 68 per cent in 2021 to 73 per cent in 2022. The company aims to attract the best digital talent globally, regardless of location or preferred work arrangement, by implementing advanced security protocols and cultivating a welcoming company culture.
