HCL Tech board okays long-term plan to add RSUs as part of compensation

Programme will include 3,000 senior leaders, is expected to help employee retention as tech industry sees high attrition and talent crunch

HCL Technologies' Board has approved a change to its existing long-term incentive programme to include RSU (restricted stock unit) grants as part of the compensation mix.

The programme will include almost 3,000 senior leaders, and is expected to help employee retention as the technology industry sees high attrition and talent crunch as industries struggle to find people skilled in new technologies.

The company will move from 100 per cent cash awards to a mix of 70 percent cash, 30 per cent RSUs for the grants it will offer later this calendar year.

Subject to shareholder approval, the plan proposes to allocate 11.1 million