Capgemini, Cognizant, BharatPe, Facebook & Others Offer Salary Hikes, Special Incentives to Employees Amid Coronavirus Pandemic
At a time, when several companies have already resorted to layoffs, furlough and salary cut, Capgemini, BharatPe, Cognizant have taken some extraordinary steps towards the welfare of employees in this critical moment.
Bangalore, April 15: At a time, when several companies have already resorted to layoffs, furlough and salary cut, Capgemini, BharatPe, Cognizant have taken some extraordinary steps towards the welfare of employees amid the coronavirus outbreak. According to a Times of India report, Capgemini, which employs close to 1.5 lakh people in India, decided to give a single-digit hike to its 70 per cent Indian staff in April. The remaining employees in the organisation will get increments effective from July 1.
CEO Ashwin Yardi highlighted that Capgemini would not do any pay cut. "All employees at A and B grades ( 84,000 employees) have got their hikes and others will get increment in line with our plan," he was quoted saying. The promotion cycle will be effective from July 1 in Capgemini. It is also one of the few companies that are absorbing all the new campus hires that it has extended their offer to. Incentives in the form of cash allowances and shift allowances are being given to employees. What is Furlough? Here's The Meaning of Action Being Taken by Companies in US Amid Economic Slowdown Due to Coronavirus.
According to a Business Insider report, digital payments startup BharatPe also decided to give its employees a hike. In addition to this, Cognizant has also announced 25 percent more pay on the base salary for the month of April to employees in India and Phillippines as a mark of gratitude for the serving the company during the pandemic. Amid Media Lay-Off And Salary Cut Reports, Shashi Tharoor, Manish Tewari Express Shock, Hit Out at Modi Government.
Social media giant Facebook last month announced its decision to give six-month bonuses and an additional $1,000 (Rs 74,037) to all its employees in order to help them during coronavirus outbreak. The announcement was made by Facebook's founder Marck Zuckerburg in an internal note to its employees. In the middle of the rising coronavirus cases across the globe and its devastating impact on the economy, measures like salary hike and appreciation will surely boost the morale of the employees.
(The above story first appeared on LatestLY on Apr 15, 2020 12:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).