Capgemini News: Salary Hikes, Hiring Spree, Will Honor all 8,000 Campus Offers
Capgemini News: Leading IT company Capgemini has delivered good news to techies in times of crisis. At a time when many companies have hit a pause on hiring, IT services firm Capgemini will continue to digitally. Onboard new employees in India despite the challenges arising due to the COVID-19 outbreak.
“We will continue to hire as per plans and client requirements,” Ashwin Yardi, chief executive officer, Capgemini India. He also said that the hiring will be across freshers and laterals with a focus on new-age technologies such as digital, cloud, and data analytics.
This year, it said that it will buy job placements in India. Despite the challenges posed by the COVID-19 outbreak, about 8,000 people will be recruited through campus offers, it said on Wednesday. There are more than 8,000 LOIs(letters of intent) on various campuses and the pressure on recruitment of pressures will begin once the exams are completed, as the coronavirus impacts engineering exams.
The company said it employs more than 6,000 people in Q1 and has about 4,000 professionals and 2 thousand freshers. Also in queue 2 hired 4 thousand people. He said that even though exams have been delayed due to the COVID-19 crisis, the same trend will continue in the year to honor all the campus offerings offered to college graduates.
Capgemini salary hikes, and promotions:
For senior consultants and managers and above, salary increments will be effective 1 July, with increment letters being released in June. “This will be done as per plan and in line with our commitment to ensure market competitiveness across all grades,” Yardi said. “Our variable pay assessment for the year 2019 has been concluded and the pay-out has been made to all eligible employees along with the March 2020 payroll.”
Capgemini is also going ahead with increments and promotions for all junior-level employees effective 1 April. “This will ensure coverage of more than 70% of our colleagues in this cycle,” Yardi said.
Capgemini’s hiring, salary hikes, and promotions come at a time when other IT firms like Tata Consultancy Services (TCS) Ltd, Infosys Ltd, and Wipro Ltd have suspended all such activities for now though campus offers will be honored. While TCS and Infosys said they will not layoff any employees on grounds of COVID-19, Wipro said it was considering “all options” to keep costs under control indicating it does not rule out layoffs.
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