Bengaluru: Mid-size IT services firm CSS Corp has rolled out a high-single digit pay hike for its 7000 odd employees, at a time when the majority of its large tech services peers and BPM companies have decided to delay increments and promotions.
The company is planning to hire 1000 employees by the end of June across markets.
Companies such as Infosys, Wipro, TCS, WNS and others have delayed pay hikes and put promotions on hold as they see uncertainty over business growth in the wake of the coronavirus outbreak across key markets.
CSS Corp has also paid 100% of variable salary to the majority of its employees.
“We are in challenging times and the organization has responded with great resilience in moving to a 100% WFH model early in the cycle. So it was important for us to ensure they are certain about their future. At the lower bands, which constitute 70% of the workforce, the variable payout was 100% and at higher levels where metrics are a little more stringent, the payout was around 80%. We have also handed out promotions to all eligible employees,” said Nishikant Nigam, chief delivery officer and Head of HR, CSS Corp, adding that its appraisal cycle was not different than that of last year.
The company, which enabled 100% of its employees to deliver services remotely, has given special incentive for those employees who played a critical role in shifting work to homes in March.
CSS Corp will carry out virtual onboarding for fresh hiring meant for India and other countries.
CSS Corp is now Movate