Cognizant gives a different hike as IT co changes retirement age from 58

Cognizant has elevated the retirement age for its workers in India from 58 to 60 years, bringing it consistent with broader market practices, ToI reported. This alteration applies to all workers within the nation, together with those that have relocated on-site and not using a change in payroll. “This alteration aligns with widespread market apply and our dedication to draw and retain skilled expertise,” the corporate said in a memo reviewed by The Instances of India.

Most IT firms in India at present set their retirement age at 58, making Cognizant’s transfer a notable shift in coverage geared toward leveraging skilled professionals in a aggressive expertise panorama.

Talking at an occasion in India, Cognizant CEO Ravi Kumar S shared with PTI the corporate’s imaginative and prescient for India’s function in its international operations. Ravi, who not too long ago acquired the Pravasi Bharatiya Samman 2025 award from President Droupadi Murmu, highlighted India’s rising significance within the international expertise panorama.

Additionally Learn: Cognizant’s future ‘predominantly India-based’: CEO Ravi Kumar S

“Cognizant is a pretty big employer. Now we have 250,000 workers in India. Earlier, we operated from huge cities, now we function from small cities… Our endeavour is to take it to the smaller cities, so we opened in Indore,” he mentioned.Ravi additionally reiterated India’s essential function within the firm’s future. “Our future is predominantly India-based. We do consider that India goes to be the workplace of the world, the expertise hub of the world for the subsequent decade. And we wish to energy the Cognizant international story with the expertise from India,” he mentioned in an interplay with PTI.

With over 250,000 workers in India, Cognizant’s resolution to broaden operations into smaller cities displays a strategic push to faucet into untapped expertise swimming pools exterior main metropolitan hubs. This transfer aligns with the broader development within the IT industry to decentralize operations and foster progress in Tier 2 and Tier 3 cities.

By elevating the retirement age and doubling down on its India-based expertise technique, Cognizant goals to solidify its place as a pacesetter within the international IT companies market whereas aligning its operations with India’s evolution into a world expertise powerhouse.