Interestingly, while Hexawares increased efforts to communicate through
various channels with the employees, to constantly keep them updated on the
macro economic developments and the business, does reflect in its HR score (up
13 points), a poor employee score (down 8 points) blighted its overall
performance.
Much like in the previous years, salary was a big pain area. The employees
were clearly not satisfied with the kind of hikes they got, or the perks and
benefits the company had to offer. Fine-tuning the appraisal process in order to
give better salary hikes obviously did not happen as per employee expectations.
Though there wasnt a pay cut at the entry level, there was a 5-10% cut in
salaries of middle to senior people. HR did try and handle all this through
regular updates that were sent outfrom the CEOand also by organizing open
house sessions.
However at the micro level, decisions like initiating a charge for use of
public transport, discontinuing the kit allowance for people traveling abroad,
and hiking the canteen snacks prices further added to the unrest among
employees.
News on the layoff front too wasnt pleasant. Hexaware also created a virtual
bench where it put close to 250 people (market believes its closer to 400), and
offered them 50% of their salary package. On the retention trend, however,
Hexaware did well.
While budgets remained constrained for most departments over the year, the
company did continue to stay focused on specialized training in some specific
skills like SAP, .Net and so on.
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Rank 15 |
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Hexaware Technologies |
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Deependra Chumble, |
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Further, to curb rising employee apprehensions on whether the company has a
well-drafted plan to sustain growth, Hexaware also launched a new vertical,
infrastructure management services, to indicate that it has long-term plans.
On the gender inclusivity parameter, there was some relief, as its women
population seemed happy. Women constitute close to 28% of Hexawares overall
workforce; better, compared to a lot of other companies in the industry.