French IT services firm Capgemini, which has 1.2 lakh of its more than 2 lakh of employees in India, has taken some extraordinary steps towards employee well-being in these difficult times. It has released high single-digit increases for 70% of its staff in India, or 84,000 employees, as of April 1. The rest of the organization will obtain increases from July.
He is providing up to 10,000 rupees as a cash subsidy to those employees who are stranded without paying guest accommodation. You are holding your employees at the bank (those without billable projects) and paying their wages without putting a timeline around. These were decisions made at their first virtual leadership meeting in mid-March.
Many companies grant a grace period of no more than 60 days for those at the bank to find a billable project, and are asked to go if they don't. IT companies, on average, have 6 to 8% of their total workforce in the bank.
Capgemini India CEO Ashwin Yardi said that regardless of customer leave periods and banking time, employees will receive their wages. This is a black swan event and right now it is not a timeline, but how our business will evolve. And we have a clear vision of what our economic model will look like and we see no reason to discontinue this approach, he said.
The company has extended its shift assignment to employees who work from home. Today 95% of its workforce has been able to work from home compared to 15-20% before the aftermath of Covid-19. Promotions scheduled for April will take effect on July 1 and will be announced in June. The company has made variable payments to all eligible employees along with the March payroll.