Our focus is more on value creation than volume: Capgemini chief Hermelin

Days of replacing global talent with Indians for cost arbitrage have reached a threshold: Capgemini chief

After years of rapid growth in its offshore employee base in India, French information technology services and consulting major Capgemini has decided to apply the brakes on hiring and return to “cruising speed”, much in line with the broader industry trend.

Paul Hermelin, chairman and CEO of the Capgemini Group, says the days of replacing global talent with Indian talent for cost arbitrage had reached a threshold. “We have progressively replaced a lot of French, Dutch and Americans with Indians. In India, we were growing 20 per cent every year, faster than our global growth. Today we have reached the