Capgemini is focusing recruitment efforts primarily on India and other offshore locations, according to a first quarter financial announcement.
The outsourcer said 63 percent of its 5,274 new recruits are located offshore. This comprises 2,686 in India and 661 in other offshore locations.
Capgemini said that it had “re-launched its dynamic recruitment policy” between 31 December 2009 to 31 March 2010, growing its global employee base by 1.4 percent from 90,516 to 91,792. The company also added 268 staff to its through acquisitions and outsourcing deals. As well as in India, Capgemini said it ran HR campaigns in France, the Netherlands and Germany.
In terms of the sectors, the number of staff grew mostly in Capgemini’s Outsourcing Services – 6.6 percent year-on-year, and 2.3 percent compared with December 2009. This was followed by Technology Services, which grew 1.8 percent on a quarterly basis. However, this was offset by falls in the number of people working in Consulting Services, which saw a two percent quarterly fall, and an 11.7 percent fall compared with March 2009.
Overall, Capgemini lost nearly five percent of its staff in the quarter (4,266) through disposals, layoffs and people leaving. Nonetheless, it plans to continue its recruitment drive in Q2, aiming for a 5.3 percent growth (4,863 employees) in total headcount.
According to Anthony Miller, managing partner at analyst house TechMarketView, 3,500 of these new recruits will be from India, with the majority working for Capgemini’s mainly US-focused financial services business. The remainder would be working in other divisions with a focus on different countries.
Capgemini reported revenues of €2,052 million (£1,730 million) in Q1 2010, which were slightly higher than revenues it predicted in February, and slightly up on the previous quarter (€2,049 million). However, they were 6.9 percent below the same quarter a year ago. Nonetheless, the company described the results as a “satisfactory” start to 2010.
Paul Hermelin, CEO of Capgemini, said: “The global economic crisis impacted our industry late on, but signs of a recovery in corporate investment are multiplying. We are ideally placed to benefit from this recovery and enjoy a return to growth in the second half.”
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