Clarification on salaries for newcomers
In a PTI report, Surya Gummadi, Executive Vice President and President, Cognizant Americas, explained, “Our recent job advertisement for non-engineering talent with a three-year college degree has been grossly misrepresented. This job advertisement, with a remuneration of Rs 2.52 lakh per annum, was only for candidates with a three-year college degree and not for engineering graduates.”
On the other hand, engineering graduates are offered starting salaries ranging from ₹4 lakh to ₹12 lakh per annum, depending on their skills and certifications. “The compensation we offer to engineering graduates is highly competitive within the IT Services peer group,” he added.
Current employee compensation and future increases
Addressing concerns about future wage increasesCognizant noted that the company has been consistent in rewarding its employees. While there was criticism regarding salary increases of just 1%, Cognizant clarified that this figure represents the lower end of a 1-5% range. These increases are determined based on individual performance and broader industry trends. The company also emphasized that the recent salary increase is the fourth for most associates in the past three years. Cognizant reiterated its commitment to offering competitive salaries going forward, despite the challenging market conditions.
Gummadi highlighted that Cognizant is one of the few IT companies in India to offer salary hikes and bonuses this year, demonstrating its dedication to its workforce. “The merit-based increases for this cycle are linked to both individual performance and macro-industry dynamics,” the company said, indicating that future increases will continue to align with these principles.
Cognizant’s long-term investment in Indian talent
India remains a focal point for Cognizant, with over 70% of its global workforce based in the country. Gummadi described India as “Cognizant’s heartland and its largest talent hub,” highlighting recent expansions in Bhubaneshwar, Indore and Hyderabad.
These expansions are part of Cognizant’s strategy to bring its offices closer to its employees and continue investing in their development.
Cognizant is also committed to the long term employee growthby providing extensive training in advanced digital technologies, sponsoring higher education and offering leadership development programs. This approach ensures that employees are well prepared for future opportunities and promotions within the company.
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