When I first heard about HCLTech’s FY24 strategy, one word stood out: automation. It’s clear that the company is betting big on this technology to drive growth and streamline operations. Automation isn’t just a buzzword for HCLTech; it’s the backbone of their future plans. CEO C Vijaykumar has emphasized how automation will play a pivotal role in enhancing efficiency, reducing costs, and improving overall productivity. And honestly, it’s hard to disagree with the approach – automation is reshaping industries globally, and HCLTech is positioning itself at the forefront of this transformation.
One of the key areas where HCLTech is leveraging automation is in talent management. The company has been focusing on upskilling its workforce to adapt to a more tech-driven environment. By automating repetitive tasks, employees can focus on higher-value work, which not only boosts morale but also drives innovation. This strategy aligns perfectly with their plan to hire 13,000-15,000 freshers in FY23-24. It’s a smart move because it ensures that the incoming workforce is already equipped with the skills needed to thrive in an automated ecosystem.
Another exciting aspect of HCLTech’s automation strategy is its impact on attrition. Vijaykumar expects the attrition rate to drop further and stabilize at 15 percent in the next couple of quarters. How? By using automation to create a more engaging and fulfilling work environment. When employees feel that their time is being used meaningfully, they’re more likely to stay. This focus on retention, combined with their hiring plans, makes HCLTech a formidable player in the tech industry.
