French tech major Capgemini today hinted at slowing down on local hiring in the country as it has hit a peak in terms of transferring jobs from the developed markets. With some of its over 1,00,000 employees being unhappy on wage hikes, the company said "the base salaries" have grown 6 per cent this year and it will prefer to give higher wages to those with skills for the future rather than have an uniform approach. "With 1,00,000 people, we've the kind of stature we need in India. We are not looking for more stature here," Capgemini group chairman & chief executive Paul Hermelin told reporters at its facility here. "We've progressively replaced a lot of French, Dutch, Americans with Indians. Even if we are not growing that much, in India we are growing at 20 per cent (in headcount). Today, we've reached the level of Indian sourcing that we need," Hermelin added. Hermelin said Capgemini is at a "cruising speed" currently, hinting that hiring will not be higher ...
The COO says Capgemini continues to have high expectations and high ambitions for India
Bose is the third Indian to be a member of the company's Group Executive Board after Aruna Jayanthi who heads the Business Services at Capgemini Group
Chrys Capital backed LiquidHub employs around 2,500 employees globally, of which around 1,500 are located in India
Capgemini entered India in 2000 and since then, has grown its business with over 1 lakh employees
The company started the programme in 2016 and has finished training nearly 60,000 employees
Company is 3rd largest employer among foreign IT companies in the country, after Accenture and IBM
The valuation of the deal is not known