Well-performing IT companies are showering their top executives with phenomenal rewards. HCL Technologies has just given Mercedes Benz cars to about 50 of its top performers, and Cognizant has rewarded some in its top management with significant stock grants.
HCL’s top performers have received the luxury hatchback A-Class , the base model of which is priced at Rs 25 lakh (ex-showroom Delhi). “We continuously innovate on ways to recognize people. The top performers are invited to be a part of the HCL CEO Club, and employees who cross a certain threshold of performance are rewarded. The CEO Club programme recognizes high performers who impact business strategy,” says HCL’s HR head Prithvi Shergill. He declined to comment on how many Mercs were given.
Eberhard Kern, managing director of Mercedes-Benz India, says: “We were always confident that India is ready for compact luxury as is the trend globally. We are happy that companies in India are buying A-Class for rewarding their best talent.”