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Capgemini India offers salary hikes for 70% staff amid pandemic

Capgemini India offers salary hikes for 70% staff amid pandemic
Capgemini India offers salary hikes for 70% staff amid pandemic

 

  • Capgemini India has extended its shift allowance for all employees who are working from home.
  • Promotions scheduled for April will be announced in June and effective from 1 July.
  • The company has also made variable payouts to eligible employees with the March payroll.

In a move that is considered as a benevolent gesture during coronavirus outbreak, Capgemini SE has announced that it will hike the salaries of some of its workforce in India. The company currently employs 2 lakh people, 1.2 lakh of which are based in the Indian sub-continent. As per sources, the consulting firm plans to offer a high single-digit salary hike for 84,000 of its employees in India – that makes for around 70% of its India-based workforce – effective from 1 April 2020. The remaining employees apparently will get increments effective from July.

Sources cite that the company is offering up to INR 10,000 as cash allowance to all the staff members who are stranded without a paying-guest accommodation. Moreover, the company is also retaining its employees on a bench and giving their salaries on time. The Company had taken these decisions at its virtual leadership meeting conducted in mid- March.

Ashwin Yardi, CEO, Capgemini India said that irrespective of bench time and client furlough periods, the company will ensure that employees will get their salaries. This is a dark time and at this point, it is not a question of a timeline, but how the company’s business would evolve, he says, adding that the company has a clear view regarding its economic model and will continue with that approach despite the situation.

Capgemini has also extended shift allowance to staff working from home. Today, 95% of the company’s employees are working from home, as opposed to the 15%-20% that used to work from home prior to the COVID-19 fallout. The company will offer promotions (due in April) to its employees, in the month of July, the announcements for which will be made in June. Capgemini has also made variable pay-outs to eligible staff along with the March payroll.

Capgemini India has also set up INR 200-crore benevolent fund which will be used for medical emergencies for its employees.

Source credit- https://timesofindia.indiatimes.com/business/india-business/capgemini-india-increases-salaries-grants-allowances/articleshow/75149348.cms