IT major Capgemini announces increment for 84,000 employees

The company also announced Rs 10,000 cash for those who are stranded without any accommodation and is also paying salaries without any timeline of those who are benched and do not have any billable projects.

Agencies
The company has also put into place a Rs 200 crore fund for any medical emergency for its employees and their families beyond the medical insurance requirement.
In an extraordinary measure to maintain the trust of its employees, French IT firm Capgemini, which employs nearly 1.2 lakh of its 2 lakh workforce in India, has offered high single digit increments to 70 per cent of its staff or 84,000 employees effective April 1. The company will pay increments to the rest of its staff in July.

The company also announced Rs 10,000 cash for those who are stranded without any accommodation and is also paying salaries without any timeline of those who are benched and do not have any billable projects, a Times of India report said.

"...it’s not just talking about it, but demonstrating it. In these difficult times, people will look to us to see what actions we’re taking in building trust. We will have some cost-containment measures, but there are many other levers for that," the report quoted Ashwin Yardi, Capgemini CEO, as saying.


The company also announced Rs 10,000 cash for those who are stranded without any accommodation and is also paying salaries without any timeline of those who are benched and do not have any billable projects.

“This is a black swan event and at this point it’s not a question of timeline, but how our business will evolve. And 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,” the Capgemini CEO said.

"All employees at A and B grades (84,000 employees) have got their hikes and others will get increments in line with our plan. There’s no discussion within the leadership of Capgemini India for a pay cut,” Yardi added.
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Furthermore, the IT firm has extended its shift allowances to those who are working from home. The company has also announced variable payout along with March payroll, the report added.

The company has extended its shift allowance to employees working from home. Today, 95% of its workforce has been enabled to work from home compared to 15-20% prior to the Covid-19 fallout. Promotions scheduled for April will be effective July 1 and will be announced in June. The company has made variable payouts to all eligible employees along with the March payroll.

It has also put into place a Rs 200 crore fund for any medical emergency for its employees and their families beyond the medical insurance requirement.
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