Capgemini retains new hires, increases salaries, grants promotion to existing employees

Capgemini SE is a French MNC that provides consulting, technology, professional, and outsourcing services. The IT firm has over 250,000 employees in over 40 countries, and over 100,000 are in India. In these tough times, the firm has taken some extraordinary steps for its employees.

The company has extended its shift allowance to employees working from home. almost 95% of the workforce is working from home.

Hike for existing employees

It has rolled out high single-digit hikes for 70% of its India staff (A and B grade), or 84,000 employees, effective April 1. The rest of the organisation will get increments effective July, as opposed to April. Where major IT firms are laying off employees, salary hikes seems almost a plausible move. There will be no pay cuts.

Ashwin Yardy said-

This is a black swan event and at this point, it’s not a question of a timeline. But how our business will evolve. We have a clear view as to what our economic model is going to look like and we don’t see any reason to discontinue this approach.

Honouring new hires

In an earlier comment, Ramgopal Rao, IIT-D Director asked companies to keep their words and hire the IITians, as "these students are capable of getting you out of recession faster than you can imagine." Capgemini did keep its words.

The firm had rolled out over 4,000 offers to lateral hires and 2,000 freshers in March. According to a TOI report, they will "absorb" them all. Their joining dates will remain the same too.

In another of its Virtual Recruitment drive, the firm will hire 20,000 plus freshers in the year 2020-21. The dates of onboarding, though, will be dependent upon their exams and the business impact amid the lockdown.

Capgemini CSR

Capgemini India has also set up a Rs 200-crore fund which will be used for medical emergencies for any of the employees and their families after their medical insurance.

During these unprecedented times, our first priority at Capgemini is to ensure the well-being and safety of our colleagues. We are pleased to re-open our voluntary insurance schemes to safeguard our colleagues & their loved ones. Get in touch with us. #StrongerTogether pic.twitter.com/LTbxUTztCN

— Capgemini India (@CapgeminiIndia) April 14, 2020

The Fench IT firm has also committed Rs 40 lakh plus Rs 50 lakh via employee contributions. This amount will help procure facemasks for medical personnel, police and other frontline staff fighting coronavirus. Capgemini has also been reaching out to migrants and daily wage earners to provide them with dry and cooked ration.