Over 6 lakh people in the country would be covered by Cognizant, including its 2 lakh full-time employees as well as their dependents. About 50,000 support staff and their families would also be covered
Synopsis
The company is also offering about 1,60,000 employees with merit increases globally, and has promoted more than 24,000 employees across every level.
Agencies
The US-based company has over two lakh of its 2.9 lakh employees based in India.
Cognizant on Thursday said it is offering bonuses that are substantially higher than 2019 and has promoted more than 24,000 employees across levels. The step, aimed at helping the company stem attrition, will also see Cognizant moving to a quarterly promotion cycle for billable employees at the senior associate level and below, starting in the June quarter of 2021. In recognition of the professionalism, client-centricity, work ethic and perseverance of our employees globally in serving our clients during this protracted pandemic, we are rewarding bonuses above the level of company performance and substantially higher than 2019, despite 2020 being an extraordinarily challenging year, Cognizant India Chairman and Managing Director R