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Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis

Performance review likely to see some retrenchments

Source | | Bibhu Ranjan Mishra

At a time when most private sector in India have withheld salary hikes and effected paycuts — with many going for layoffs — information technology (IT) services company has rolled out wage hikes and promotions for all its employees in India.

The French firm in April had announced a for 70 per cent of its employee base (Grade A and B) in the country. For rest of the employees comprising middle- and senior-level employees, it has now offered salary increments with effect from July 1.

Confirming the news, Ashwin Yardi (pictured), chief executive officer, India, told Business Standard, “Not just in the IT sector, ours is probably the only company (in India) which has offered salary increments. Of course, there are eligibility criteria. But across the board, we have announced the increments and promotions, while the variables (payments) were announced in April.”

The quantum of hikes is said to be in high single digits.

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