Capgemini India announces the single-digit salary hike to 70 percent of its staff or 84000 employees in India, effective April 1, 2020.
The company has 1.2 lakh employees in India, of which 70% or 84,000 employees will be benefitted from this decision. The rest of the employees of Capgemini India will get their increments in July, reported the Times of India.
According to a report, Capgemini will provide a cash allowance of up to Rs 10,000 to employees who have got stranded due to the nationwide lockdown to curb the spread of the novel coronavirus and do not have a paying-guest accommodation either, and the company is also paying salaries without any timeline of those who are benched and do not have any billable projects.
Ashwin Yardi, Capgemini CEO, 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,”
He added “This is a black swan event and at this point, it’s not a question of a 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,”
Yardi further assured that “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.”
Subscribe to our Daily Newsletter!