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At a time when most private sector companies in India have withheld salary hikes and effected paycuts — with many going for layoffs — information technology (IT) services company Capgemini has rolled out wage hikes and promotions for all its employees in India.
The French firm in April had announced a salary hike 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, Capgemini India,
