HCL Technologies is a 7 billion dollar organization with a workforce of almost 1.2 lakhs. HCL Technologies is one of the 35 organizations out of 7,500 technology organizations over $5 billion and one of the 8 organizations that have a net profit of $1 billion. It is present in 31 countries. HCL's customer satisfaction has increased every year and reached an average score of 472 (according to Forrester). HCL Technologies Ltd specializes in information technology and engineering transformation. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay. HCL created Customer Delight and grew revenue and margins at the same time. It is through 3 simple values: value orientation, trust, transparency and flexibility, employee first, employee first and customer second policy, which reversed the organizational pyramid and created an atmosphere of innovation with employee sentiment and proactive creation of solutions and new generations of ideas for customers. HCL employees have generated over $1.6 billion in revenue through the generation of new ideas. And also generated 2743 new ideas thanks to MAD Jam. HCL Remuneration Policy HCL Technologies Ltd offers its employees the best competitive remuneration and a range of market relevant benefits. It assists employees in professional growth opportunities that recognize individual contribution and performance. Remuneration is also designed with social, economic and comprehensive incentives. HCL salary is designed with a highly competitive strategy compared to other competitive strategies of competitive companies. HCL remuneration is based on the strategy below Trust and transparency Competitive with competitors. for HCL technical and support employees. Each band has its positioning and variation in the salary scale as well as other monetary benefits. (i) Support Bands E0 - Fresher E1,1 - Executive E1,2 - Senior Executive E2.1 - Associate Manager E2,2 - Assistant Manager E3.1 - Manager E3,2 - Senior Manager E4,1 - Group Manager E4, 2 - DirectorE5.1 - AVPE6 - VP(ii) Technical bands and sub-bandsE1,1 - Software engineer consultant MTSE1,2 - Senior software engineer Sr MTS Senior consultantE2.1 - Senior project manager consultantE2,2 - Senior project manager Senior Principal ConsultantE3.1 - Project Manager Technical Manager Technical ArchitectE3,2 - Senior Project Manager Senior Technical Manager Senior Technical ArchitectE4,1 - Group ManagerE4,2 - DirectorE5.1 - AVPE6 - VPNneed for fair and good remuneration policy in human resourcesTo stay in the competitive IT industry, it is necessary to hire and retain the right talent for the key success of the organization. HCL Technologies, which follows the Employee First principle, follows a very competitive and customer-friendly remuneration structure that attracts and retains the best talent in the industry. Compensation plays a very essential role in HR, it encourages the employees and pushes them towards the efficiency of the organization. .lLegal considerationlIt is a motivational factorlImproves efficiencylRetention of good employeeslAvoid disowning them and losing them to competitors.lJob satisfactionlCost of livingLabor marketlUnionlJob evaluationlFinancial situation of the organizationPerformance payPerformance pay is based on the employee's remuneration according to the salary scale based on his performance. . The additional salary in addition to the basic salary,.