HCL beats peers in utilisation rate of employees
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Even as the country's fourth-largest IT-services exporter, HCL Technologies, continues its power-packed growth rate, the company has also topped its peers in terms of employee utilisation during the October-December period.
The Noida-headquartered software-services company posted 81.9% utilisation rate during the quarter, edging past India's largest software-services company TCS, which recorded 81.7%. However, TCS with an employee base of 2.63 lakh, is three times the size of HCL Technologies.
In comparison, the Bangalore-based IT company, Infosys, had an utilisation rate of 73.2% during the same period. Wipro's utilisation rate for the quarter stood at 74.8%.
Prithvi Shergill, chief human resources officer, HCL Technologies, told FE that the company's utilisation rate is 'very healthy'.
"We continue to look to improve it maybe a little further. Those are levers that we will continuously look at. We are at a healthy number right now, if we can make further improvement that will be good. However, we don't have a specific number that we are targeting," Shergill said.
With foggy visibility on future business volumes, country's IT companies have been struggling with rising non-billable employees warming their seats. Despite the rising concern about increasing bench strength in the IT sector, HCL Technologies has managed to keep its utilisation level, including trainees, at 75.6%, ahead of TCS, which had 72.1% during the quarter. For Infosys, utilisation including trainees stood at 70.1%.
"Bench is important when you are a growing organisation. You need to have a right composition of the bench to be able to support growth. Organisation needs to manage that closely to support growth," said Shergill.
HCL Technologies, which had a total headcount of 85,194 people at the end of the December quarter, is currently in the process of updating its recruiting technology system.
"We have decided to upgrade our recruiting management system. Currently we are in the process of updating it. Mining information from various networking sites and social media platforms becomes a very important recruiting tool. Using social platform to expand your employee referral programme is something we are exploring," Shergill added.
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