4/30/2018 Capgemini employees' rant on hike light up social media - The Economic Times

Capgemini employees' rant on hike light up

social media
By Ayan Pramanik, ET Bureau | Apr 30, 2018, 09.03 AM IST
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BENGALURU: Twitter has been abuzz

since Saturday with comments over a
global IT services company’s salary hike in India.
While some tweets ridiculed the firm’s values for
offering ‘zero hike’; others dubbed this as “strategy for
voluntary attrition”.

Indian IT services professionals took their

disappointment over meagre increment to social
media for the second time this month. Employees
of Capgemini is running a campaign #Capgemini-
ETPrime
BetraysEmployees claiming that they were given “0.50% to zero
Amazon’s fintech flywheel
widens its orbit hike” at a time when the company reported more than 7%
growth in constant exchange rate to Rs 3,153 million in first
quarter of 2018.

Early last week employees of TCS NSE 1.68 % expressed unhappiness over flat base salary on
a Facebook page called TCS Confessions as the company offered 100% variable pay to many
employees. “One side you say @CapgeminiIndia “Capgemini starts the year with an excellent
growth momentum”. Other side you are not capable to give at least 1% hike.

#CapgeminiBetraysEmployees,” tweeted one of the employees. As IT services companies see

their core software maintenance services disrupted by automation and other digital technologies,
many of them have started effective utilisation of large manpower through strategies such as
upskilling, redeployment of people in complex technology works. This, analysts said, may have
impacted the double digit to high single-digit salary hikes for many technology services
professionals.

Faster growth and better prices in digital technologies have not been able to offset decline in
legacy business of software maintenance.

Two analysts familiar with increment at IT services firms said in many IT services firms the average
salary hike for most of the employees has been 3-4% and high performer probably received 8% in
the recent past.

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4/30/2018 Capgemini employees' rant on hike light up social media - The Economic Times

“#GeneralFeeling #Hike - Now all the hard work done by the employees were paid in the form of
dividend to share holders and we are offered peanuts.It is high time people need to start investing
in share market rather than believing in the yearly hikes,” wrote a member of the TCS Confessions
page on April 20.

Both TCS and Capgemini could not immediately respond to emailed queries sent by ET. Pareekh
Jain, Senior Vice President, HfS Research, said taking such salary-related matters to social media
platforms could mean two key purposes — getting the message out and seeking action.

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