Hexaware Technologies, a global leader in IT services and solutions, has made waves in the industry with its recent announcement of a 100%+ variable payout for its dedicated workforce. In this article, we explore how Hexaware’s commitment to its employees’ well-being, combined with its strategic decisions, has propelled the company to remarkable growth and recognition. From exceptional variable pay to inclusivity and impressive growth, Hexaware Technologies continues to set industry standards.
Hexaware Technologies’ Exceptional Employee Initiatives
Exceptional Employee Initiatives
Hexaware Technologies‘ latest announcement of a 100%+ variable payout for its employees is a testament to its unwavering commitment to their well-being and motivation. This progressive approach to employee compensation reflects Hexaware’s core value of putting people first. In recognizing that a happy and engaged workforce contributes to enhanced productivity, creativity, and collaboration, Hexaware demonstrates its dedication to its employees’ holistic growth and satisfaction.
A Remarkable Growth Trajectory
Hexaware Technologies’ strategic decisions have paved the way for its remarkable growth trajectory. The recently released Brand Finance Report for 2023 highlighted Hexaware as one of the fastest-growing brands in the IT Services industry, elevating its rating to AA. This recognition is a result of the company’s outstanding performance and consistent growth over the past three years, with a remarkable 66% brand valuation growth.
Pioneering Growth Amidst Challenges
Even in a turbulent economic climate characterized by widespread hiring freezes and uncertainty, Hexaware Technologies stands out with its unwavering commitment to growth. The company’s forward-looking approach defies industry norms and reinforces its position as a pioneer in the IT services and solutions sector.
An Ambitious Hiring Initiative
Hexaware’s ambitious plans include onboarding approximately 6,000 experienced professionals within the current year. This strategic decision reflects the company’s confidence in its market reputation and its dedication to its people-first policy. Hexaware’s willingness to invest in talent acquisition during challenging times underscores its long-term vision and commitment to expansion.
A Remarkable Surge in Employee Retention
One of the standout achievements for Hexaware has been the remarkable surge in employee retention. In just one year, the company witnessed a substantial increase from 68% in 2021 to an impressive 73% in 2022. This surge is a testament to the company’s employee-centric approach, where talent is valued, nurtured, and encouraged to thrive.
Defying Conventional Wisdom
In an era when many companies are adopting conservative hiring strategies, Hexaware’s commitment to growth and talent acquisition defies conventional wisdom. The company’s ability to attract and retain top-tier talent in a highly competitive industry reflects its resilience and determination to succeed.
Inclusive Work Environment
Hexaware’s dedication to fostering an inclusive work environment goes beyond traditional boundaries. The company is actively seeking the best digital talent worldwide, regardless of location or preferred work arrangement. This commitment is underpinned by advanced security protocols and a welcoming company culture that encourages diversity and collaboration.
Sustained Growth and Recognition
Despite macroeconomic uncertainties, Hexaware experienced remarkable growth of over 25% in constant currency during the 2022 calendar year, solidifying its position as one of the fastest-growing players in the market. This growth trajectory is set to continue in CY 23, reflecting Hexaware’s optimism and resilience. The company’s achievements have been acknowledged by prestigious awards, including the Gold Stevie® Award for the ‘Fastest Growing Tech Company of the Year’ in 2023.
Dedication to Inclusivity and Diversity
Hexaware’s commitment to inclusivity and diversity is not limited to its growth and financial success. The company’s recognition as one of the Best Organizations for Women in 2023 by The Economic Times underscores its dedication to creating an equitable workplace. These initiatives reflect Hexaware’s belief that a diverse and inclusive workforce fosters innovation and excellence.
Hexaware Technologies’ Vision
Hexaware’s Chief Operating Officer, Vinod Chandran, emphasizes the company’s deep-rooted belief in the importance of its employees. Recognizing that it’s the people who make the difference, Hexaware is dedicated to honoring their dedication with a 100%+ variable pay. This commitment, even in challenging economic times, demonstrates Hexaware’s determination to support its team. The company’s average payout of 103% for associates with non-KPI variable payouts surpasses industry standards, reinforcing its belief that supporting the team leads to remarkable achievements.
Hexaware Technologies stands out as a shining example of a company that values its employees and invests in their well-being. With exceptional employee initiatives, sustained growth, and a commitment to inclusivity, Hexaware continues to set industry standards and remains a beacon of success in the IT services and solutions sector.
