Turbulence in Capgemini: Lay Offs expected!!

Capgemini Group recently concluded Rencontre event in Barcelona, Spain. Rencontre is a Group level (i.e. global) event where all top head-honchos of all BU's and SBU's of Capgemini Group come together to discuss performance for the current year and plan for the next steps of action for forthcoming year.

Rencontre is typically considered as a turning point for Capgemini Group - every year. In 2006, Capgemini had launched I3 Program as the direct result of Rencontre of that year. Under this program, there was a lot of restructuring and subsequent lay-offs. The situation is more or less similar for Rencontre 2010. In Rencontre 2010, Capgemini Group had launched, yet again, a new program which met with huge applaud by the audience there. This is known as "PEOPLE MATTER, RESULTS COUNT" program - there is no formal name yet, but this is the tagline of the program. Subsequently it will become tagline of the Capgemini Group.

What "People matter, results count" actually mean is that: Capgemini Group gives increasing importance to its people. But - it is a really big but - results or performance is what finally counts. Here are some of my observations - purely my own interpretations, and some of the predictions of things to happen in Capgemini Group in coming days.

1. To me, these two statements are self contradictory.
2. If people really matter to you, why there is a contradictory statement of Results?
3. Why suddenly Capgemini realized that People are its important assets? Was it disregarding its most important asset until now?
4. This Program is just a reaction of Capgemini to the increasing threat posed by Indian Pure Players. Capgemini is not (and has never been) proactive. This Program is a reactive approach...
5. Just like its last 2 global Programs (as result of Rencontre), this Program may also be a huge hype in the beginning and eventually will bite the dust. Then next year, Capgemini will launch yet another Program!
6. There is a lot of confusion amongst its people, at least in India. Capgemini India is undergoing tremendous terbulence because of the latest Rencontre. There are huge restructuring exercises that are expected to take place in coming weeks.
7. PEOPLE IN INDIA MAY LOSE JOBS. There are speculations that there would be lay-offs in India organization of Capgemini Group. There may be similar situation in other departments of Capgemini.
8. There is huge chaos in India organization. Even the top management (like Directors, Vice Presidents, etc.) are not sure what is going to happen. They are not sure if their own jobs would be there!!

I would strongly request all my readers to exercise CAUTION while joining Capgemini. However, this is purely my own opinion...

IT industry Salary & Skills Report 2010

1. What are industry average salaries of IT people across India and across the world?
2. Which are the top rated and most preferred skills in the IT industry?
3. What is the average IT experience that matters in the industry?
4. What are the average salaries of various industries, including IT & ITES?
5. Which are the top IT certifications?

Do you have answers to any or all of these questions? Most probably not. That's the reason I bring to you snippets from the most prestigious IT SALARY REPORT. This extensive research has been carried out by ActiveTechPros. The content of this report is based on aggregated data provided by activeTechPros members. Information provided is for general informational purposes. activeTechPros does not guarantee the correctness or completeness of the data.


CLICK HERE to view snippets of the report [It does not open any window. It just expands a hidden table of contents.]

	Please find below charts that will answer above 5 questions for you. You can use these charts as a BENCHMARK to check where you stand as against current trend in the industry. Please click on the image to enlarge it.

Quitting easier than asking for a raise

A new survey has shown that finance workers would rather find a new job than ask for a raise. The survey was carried out by recruitment firm Robert Half. More than a quarter of finance workers said they never ask for a raise, and more than half thought they needed to quit their jobs in order to increase their salary.

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Robert Half director Andrew Brushfield said that more employees are willing to change jobs than ever before because they feel like they missed out on salary increases during the economic downturn. In addition, as the financial market strengthens, more corporate recruiters are trying to poach workers, making it even more tempting for employees to leave.

Employers need to be more aware of that otherwise they run the risk of losing more people. If someone’s tapped on the shoulder, they’re more able to secure a solid pay increase which when contrasted to the past couple of years is pretty significant. Change your life for $7.00. Get instant access to a lucrative freelance career. Click here to start your journey to earn $3000 per week - or more!!!

The firm surveyed 2599 finance and accounting workers from around the Asia-Pacific region, including 656 workers in Australia in March and April. The perception that jumping to a new job is better than negotiating is accurate, he said. Finance workers were able to increase their income by between 5 and 10 per cent when they changed jobs. But he warned employees that job-hopping to advance a career can also backfire, as recruiters look for experience and reliability in new candidate.