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Cognizant announces bonus, promotions for employees


IT providers main Cognizant on Thursday mentioned it’s providing bonuses which can be “considerably larger than 2019” and has promoted greater than 24,000 employees throughout ranges. The step, geared toward serving to the corporate stem attrition, can even see Cognizant transferring to a quarterly promotion cycle for billable staff on the senior affiliate stage and beneath, beginning within the June quarter of 2021.

“In recognition of the professionalism, client-centricity, work ethic and perseverance of our staff globally in serving our shoppers throughout this protracted pandemic, we’re rewarding bonuses above the extent of firm efficiency and considerably larger than 2019, regardless of 2020 being an awfully difficult 12 months,” Cognizant India Chairman and Managing Director Rajesh Nambiar mentioned in an announcement.

The corporate can be providing about 1,60,000 staff with advantage will increase globally, and has promoted greater than 24,000 staff throughout each stage, he added.

“With the intention to reward our staff in a extra well timed method for his or her arduous work and excessive efficiency, we’re transferring to a quarterly promotion cycle for billable staff on the Senior Affiliate stage and beneath, beginning in Q2 2021,” he mentioned.

Nambiar additionally highlighted that the corporate continues to stay closely centered on sustaining a aggressive and interesting worker setting, the place each particular person is impressed to realize, pushed to carry out, and rewarded for his or her contributions.

“We goal for our staff to really feel motivated, engaged, and empowered to do their greatest work by means of careers they discover significant,” he mentioned.

The US-based firm has over two lakh of its 2.9 lakh staff based mostly in India. On the finish of the December 2020 quarter, the corporate had a headcount of two,89,500 and its whole attrition was at 19 per cent and voluntary attrition at 16 per cent.

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