Capgemini Empowers Indian Workforce with Extensive Employee Share Ownership Plan

In a strategic move to foster employee engagement and align interests with corporate growth, Capgemini has unveiled its 11th Employee Share Ownership Plan (ESOP), targeting approximately 97% of its global workforce. Notably, a significant portion of the 175,000 eligible employees are based in India, underscoring the country's pivotal role in the company's operations. 

The ESOP initiative is designed to grant employees the opportunity to become shareholders, thereby enhancing job satisfaction and promoting long-term dedication. This move comes at a time when the IT sector is navigating various challenges, prompting companies like Capgemini to realign their strategies. In the first half of 2024, the company experienced a 7% reduction in its offshore workforce, contrasted with a 2% decrease in onshore staff. Despite these hurdles, Capgemini remains committed to future growth and innovation. 

Complementing the ESOP, Capgemini has pledged a substantial investment of €2 billion to advance artificial intelligence initiatives in India. This investment aims to train 100,000 employees by mid-2024, reflecting the company's dedication to technological advancement and workforce development. 

The subscription window for the ESOP is scheduled from September 12 to October 1, 2024, with the final share price to be determined on November 7. The capital increase is expected to conclude on December 19, 2024. To mitigate financial risks, the plan offers various investment options, allowing employees to choose between direct voting, a Fonds Commun de Placement d'Entreprise (FCPE), or through financial institutions, based on individual preferences. 

By enabling employees to acquire ownership stakes, Capgemini aims to cultivate a sense of belonging and motivation within its workforce. This initiative not only serves as a wealth-building opportunity for employees but also enhances the company's appeal as an employer, aiding in the retention and attraction of top-tier talent. As Capgemini continues to invest in areas like artificial intelligence, cloud computing, and cybersecurity, the ESOP aligns employees' interests with the company's strategic vision, fostering a unified path toward sustained success