Hexaware Introduces Impressive Variable Pay Structure for Employees
Indian IT services company Hexaware Technologies has rolled out an innovative variable pay scheme, offering employees over 100% in variable payouts. The scheme ranges from 100% for those meeting performance expectations during appraisal cycles to an impressive 120% for high-performing individuals showcasing exceptional performance over two years. This move reflects Hexaware’s commitment to prioritizing its workforce, aiming to enhance employee motivation and well-being. Hexaware, with a current employee count exceeding 28,000, also plans to hire approximately 6,000 experienced professionals in the coming year. In 2022, the company achieved remarkable growth of more than 25% in constant currency terms. Vinod Chandran, Hexaware’s Chief Operating Officer, emphasized the significance of acknowledging employees even in challenging economic times, noting that the company’s average variable payout of 103% surpasses industry standards.
General Datatech Expanding Footprint in India to Cater to Global Demands
US-based IT solutions provider General Datatech (GDT) is amplifying its presence in India to accommodate its expanding global clientele and diverse service offerings. GDT’s strategic expansion plan involves establishing a second location in India, bolstering its capabilities in emerging technologies, and doubling its technical workforce over the upcoming two years. With a global operations center in Bengaluru and a workforce of over 170 technology experts supporting networking, security, collaboration, and hybrid multi-cloud services, GDT aims to strengthen its services further. The company’s commitment includes establishing a research and development lab to advance expertise in emerging capabilities, alongside expanding its India Technology Center of Excellence to enhance networking, security, and data center services.
TCS Achieves Top Distinction in Gartner Magic Quadrant for Data Center Outsourcing
Tata Consultancy Services (TCS) has secured a leadership position in the Gartner Magic Quadrant for Data Center Outsourcing (DCO) and Hybrid Infrastructure Managed Services. Among 20 global providers assessed, TCS emerged as a leader for its exceptional Ability to Execute. TCS leverages its investments in data center modernization, private cloud infrastructure, and strategic partnerships with major public cloud providers to offer a robust hybrid infrastructure model. With a comprehensive portfolio of cloud expertise, domain knowledge, and cloud-based intellectual property, TCS continues to make substantial strides in the industry.
UiPath Unveils Innovative Connector for Google Cloud’s Generative AI
UiPath, a leading automation solutions provider, has introduced a groundbreaking connector for Google Cloud, allowing developers and AI professionals to seamlessly integrate generative text and chat completion into their automation processes. The UiPath Business Automation Platform connector for Google Cloud Vertex AI empowers professionals to effortlessly incorporate Generative AI outputs by submitting prompts for summaries, answers to inquiries, and classifications. This integration streamlines the process of building, deploying, and managing machine learning models, offering quick and cost-effective predictions. UiPath customers can now harness the power of Vertex AI to enhance business processes without the need for complex coding.
