Capgemini HR explained why the French IT firm based hugely in India will continue to increase its lateral hiring.
Read on to know more…
Capgemini Says Hiring Won’t Slow Down!
Capgemini saw a 17.4% yearly increase in bookings amounting to around $4.6 billion in the Q3 of FY2020-2021.
The French IT unicorn is involved in new partnerships including building digital twins for a network of European factories and upgrading the industrial network that connects Mexico to China.
Capgemini India Chief Human Resources Officer (CHRO) Pallavi Tyagi told Business Insider in an interview, “If the business plans and expansion happen as we’re expecting then to happen, then hiring is not going to slow down.”
Recently, due to the COVID-19 pandemic resultant economic slump, the Indian tech companies witnessed a dip in attrition which led to them halting the hiring process. However, as the companies have started recovering, the hiring process has slowly gained traction with lateral hiring being done with caution.
“While it’s good not to have high attrition, at the same time, if there is a need for a certain demand that we need to fill, we’re hiring for those posts,” she added.
Earlier, CL Tech CHRO Apparao VV had told Business Insider, “A large amount of lateral hiring happens because of attrition replacement. If I’m losing 20 people, I have to hire 20 people. To that extent, lateral hiring will come down.”
New Hires Already On Capgemini Team!
This year, Capgemini has onboarded over 45,000 employees globally. However, this hiring is lateral hiring and not fresher hiring.
The overall hiring target for India this year was capped at 24,000. The company is aiming for a similar outlook for 2021.
Tyagi explained, “There may be a certain want of a skill, which is missing, which we say we can definitely upskill within the organisation, and we hire laterals accordingly.”
The big shift that Capgemini, and its peer companies, have seen is taking whatever training and skilling is required online. To address that requirement, it introduced the AI driven ‘Next’ platform for personalised microlearning. The company pegs the digital learning platform as a one-stop shop for employees to keep up with whatever they may need . “The uptake in terms of learning output has increased,” added Tyagi.