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Cognizant delays salary hike to Aug again, for second year
Mint Mumbai
|March 03, 2025
CEO S. Ravi Kumar's early proclamation of a hike is possibly being done to arrest attrition
Cognizant Technology Solutions Corp. will give annual salary increases to its employees from August this year, making it the second time the Nasdaq-listed company has delayed salary hikes by at least five months. In a town hall at the company's refurbished Kolkata office on Thursday, Cognizant chief executive S. Ravi Kumar promised salary hikes from 1 August, though bonuses to eligible employees will be rolled out in March.
"Cognizant will award bonuses in March. Associates will receive e-letters with the bonus details during the week of 10 March," read Cognizant's internal memo shared with employees and seen by Mint. The company instructed managers to communicate the bonuses to their team members by 11 March. The Teaneck, New Jersey-based company typically gives hikes and bonuses around March, but since Ravi Kumar took over as chief executive, bonuses are given in March while hikes are given in August.
This story is from the March 03, 2025 edition of Mint Mumbai.
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