Abhishek Securities

  French IT services major, Capgemini whose more than half of the workforce is located in India, has onboarded over 45,000 employees globally this year through lateral hiring. Earlier, in the month of March, Ashwin Yardi, CEO of Capgemini said, “India forms a very important part of our business and we will hire 25,000-30,000 people here this year on a gross basis.” Recently in an Interview with  Business Insiders , Capgemini CHRO Pallavi Tyagi said, “I believe that lateral hiring will continue to increase. If the business plans and expansion happen as we’re expecting then to happen, then hiring is not going to slow down,” The company has no plans of slowing down. Even as attrition levels drop, Capgemini India CHRO said. “While it’s good not to have high attrition, at the same time, if there is a need for a certain demand that we need to fill, we’re hiring for those posts,” said Tyagi. The big shift that Capgemini, and its peer companies, have seen is taking whatever training a...

  During the pandemic, workplaces may have moved to the new normal, but what also appears to be in sharp focus is the diversity and inclusion policies in organisations. The question also arises is, is every domain a level playing field for women?  Throwing light on this and more is  Radhika Ramesh, executive vice president of global delivery centre head for CIS India at Capgemini.  She entered the workforce 27 years ago and says it’s an optimistic scenario for women as companies are gradually opening up to accommodate women employees and tailor policies for their professional growth.  The French IT major’s Mumbai office for Cloud and Infrastructural Services (CIS) used to be a hub of about 4,000 professionals . As the COVID-19 pandemic mandated work from home, this has significantly reduced to a mere 300 – working from Mumbai while the rest transitioned to working from villages, other rural areas, tier II and III cities. “This gave us an insight into the infrast...

  Learnings from the coronavirus pandemic have led French IT major  Capgemini  to start hiring qualified women from rural areas, who are unable to pursue career because of an inability to relocate, as software engineers, a senior official said on Wednesday The company is targeting to hire 500 such women by December and has already initiated the project with 100 women from southern states who are being trained currently. A woman will get hired as a trainee and earn at par with peers in the company, which is at least Rs 3.5 lakh a year Following the announcement of a nationwide lockdown in late-March, the entire service delivery model of the over USD 180-billion Indian IT industry had to be reworked as staff started working from home. Capgemini employs over 1 lakh people in India “The pandemic showed us that work can be handled seamlessly from anywhere in the country because of telecom infrastructure and that is where we decided to launch the project to hire such qualified ...

  French IT services firm  Capgemini , which has 1.2 lakh of its 2 lakh employees in India, is rolling out a new ESOP (employee stock ownership plan) that covers 96% of employees. This is its seventh employee ownership plan and is aligned to development and performance goals. The subscription price of the new shares will be set on November 5 and the entire process will be completed on December 17. Last year, Capgemini rolled out its sixth employee share ownership plan, which was offered to approximately 98% of the employees. The latest pool will comprise a maximum of 30 lakh shares. “Employees who have, as on November 12, 2020, completed 3 months’ tenure with the organisation and will continue to be part of Capgemini for at least one day during November 10-12, 2020 (both days inclusive) are eligible to subscribe for ESOPs,” said Pallavi Tyagi, CHRO for India in Capgemini. The 4% who are excluded from this ESOP programme are in geographies where the scheme cannot be implemented...

  French consulting and IT services provider  Capgemini  said on Thursday it expected double-digit revenue growth in 2020 driven by a gradual second-half recovery, crediting  diversification  for its resilience during the  coronavirus  crisis. The company said it planned to reach revenue growth at constant exchange rates of between 12.5% and 14.0% this year. "We set objectives for 2020 that illustrate the resilience of our revenues,  profitability  and organic free cash flow," Chief Executive Officer  Aiman Ezzat  said in a statement. Capgemini said the sector and geographic diversification of the client base developed in recent years have reinforced the resilience of its business. The group, however, warned that a sharp deterioration in health conditions or the economic environment in the coming months could undermine the attainment of its objectives. In July, Ezzat said the French group expected "a gradual recovery" in t...