IT company HCL Technologies Ltd. (HCL) said that it will create 10,000 jobs in the US and Europe in the next five years.The announcement was made at the World Economic Forum in Davos.
In a statement, the company said that it wants to underline its position as a socially responsible business by announcing a series of initiatives around building Glocal Centres of Excellence (GCoE) for creating these jobs, reports CXOtoday.com.
“As our unique Employees First culture has continued to grow and evolve, we have seen more and more HCL employees expressing the desire to see a truly socially responsible business model,” said Vineet Nayar, Vice Chairman and CEO, HCL Technologies. “
He added that the need of the hour is growth and employment and HCL believes that this initiative will create unique business value for the company while generating sustainable employment in local economies for years to come. “It will need significant collaboration of all stakeholders, however we do believe that it can be done and we are committed to backing this program with all our resources and best intent,” he added.
In the past, HCL through its work around sustainability and individual empowerment premised on its ‘Employees First, Customer Second’ philosophy has created many successful working models in this direction. It wants to take these efforts to the next level by positively impacting the communities through local job creation and development of an ecosystem to support and encourage innovation.
This initiative inverts some fundamental operational assumptions of the industry HCL operates in by changing the prevalent dynamics around cost, skill base and innovation.
Based on this belief, HCL has embarked on a series of initiatives led by its investments in building GCoEs, running dedicated recruitment and training programs for college graduates and providing platforms for developing IT skill pool in local communities through collaboration with anchor customers and universities.
HCL will be working with 12 universities to offer a six-month elective course, as well as workshops on technology and management. HCL’s technology partners will also join hands in this initiative to provide training in upcoming technologies so that the talent deficit in these areas gets addressed. The company is working closely with government agencies to enlist their support in developing these ecosystems
A pilot program started on these lines across five of its centres in US and Europe that have shown early signs of success, the company said.