Cognizant: As frustration is around the corner among the Cognizant employees due to delayed salary hikes and bonuses CEO Ravi Kumar provide updates by addressing employees in Townhall meeting. He elaborated Company’s Bonus Structure, compensation plans and status of salary hike letters.
As per the sources by Mint, during the meeting at Town hall, the aim was to give clarity about compensation plans. He acknowledged the stress and frustration among employees over salary hike issues which were earlier scheduled in April but now delayed until August.
He assured that Cognizant will definitely provide compensations and hikes as promised but this delay as per strategy is due to alignment with financial goals of company and the current market conditions.
Reason of Delayed Hikes
Ravi openly discussed about bonus structure and confirmed that promised bonus will be dispatched as planned but with little time. He told that cognizant is committed to reward employees for their performances and maintaining compensational packages. He further added that company knows the importance of timely hikes and said sorry for inconvenience caused but will reward worker’s hard work and dedication.
Cognizant Plan to provide offer letter
As per the reports employees will receive letters by 10 march. CEO Ravi also emphasized about economic environment and the challenges in navigating from FY 25 to FY 26 with focus on growth and innovations. He further mentioned about how AI and digital transformation is need of the hour and will drive the future of world.