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HCL Tech to add more than 1,000 employees in North Carolina office

Published Date: 
Sep 18, 2014
Source: 
Hindu Business Line

New Delhi, September 18:  Indian IT services companies are increasingly hiring closer to their clients. Noida-based HCL Technologies will be expanding its presence in North Carolina by hiring an additional 1,237 people by the end of 2018.

HCL Tech said it will invest around $9 million in expanding the centre.

The project is being done in part by a performance-based grant from the One North Carolina Fund of up to $123,700. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state.

This is not the first time HCL Tech has invested in its global delivery footprint in order to enhance value for its clients by developing nearshore capabilities.

The company had earlier announced that it would be hiring 10,000 locals in the US by 2015. HCL in America is headquartered in Sunnyvale, California with more than 8,000 employees spread across 15 States in the US.

Global revenues

Its business in America contributes more than 50 per cent of HCL’s global revenues. The company has partnerships with North Carolina New Schools to leverage HCL’s services for content creation and management of its collaborative, online community.

“Given our core philosophy of building relationships beyond the contract, we remain committed to enhance our investments by developing nearshore capabilities in the communities we operate in,” Anant Gupta, CEO, HCL Technologies, said in a statement.

HCL will hire computer professionals to develop, maintain and upgrade software applications and provide services to global clients. Salaries will vary by job function and experience, but the average annual payroll is expected to be nearly $64 million, the company said. HCL is eligible to receive up to 12 annual grants equal to 75 per cent of the State personal income tax withholdings from the eligible new jobs created since the date of the initial award, it said. Over 12 years, this could yield aggregate benefits to HCL of more than $19.6 million upon the creation of 1,237 jobs.

Source: 
Hindu Business Line
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