Sunday, March 23, 2025

Cognizant Confirms On-Time Salary Hikes and Bonuses, No Delay

Cognizant has addressed concerns about delayed salary hikes, confirming that merit increases for eligible employees will be implemented as planned in August.

The company also assured that bonuses for eligible associates will be paid in mid-March. Reports suggesting a delay in the salary cycle are inaccurate, the company stated.

In an official statement, Cognizant emphasized that the merit increase schedule remains unchanged. “Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle.

In fact, with the August 2025 cycle, most of our associates will have received five merit increases within the past four years,” the company said.

Addressing Concerns Over Reports of Delays

Recent reports claimed that Cognizant’s salary hikes, initially expected in April, had been pushed to August. The company clarified that there is no deviation from its usual cycle and that the timing of salary increases remains consistent with past years. Any claims suggesting otherwise are incorrect.

During a recent town hall meeting, CEO Ravi Kumar S acknowledged employee concerns about the timing of salary hikes. He reassured employees that the increases would be honored in August as part of a structured plan aligned with the company’s financial strategy and market conditions.

He also noted that Cognizant remains committed to rewarding employees for their contributions through both merit increases and bonuses.

Commitment to Employee Growth and Retention

Cognizant reiterated its dedication to recognizing employee performance and staying competitive in the IT sector. By maintaining regular salary hikes and bonuses, the company aims to retain talent and provide financial stability for its workforce.

The firm confirmed that bonus letters would be issued this month, ensuring that eligible employees receive their payments on time. “We remain committed to recognizing the hard work and dedication of our associates through merit increases and bonuses,” the company stated.

With the August 2025 salary cycle, most Cognizant associates will have received five merit increases in four years, reinforcing the company’s efforts to support employee growth and retention.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click HereGoogle News– Click HereYouTube – Click Here, and LinkedIn– Click Here.

Editorial

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Deloitte, PwC, EY, KPMG Outpace Global Growth for India Divisions

The Indian divisions of Deloitte, PwC, EY, and KPMG...

Must Read

HUL announces Neelam Dhawan as an Independent Director

Hindustan Unilever Limited (HUL) announced the appointment of Neelam...

Wipro seeks settlement with executives joining Cognizant

As per TOI, An Indian multinational corporation, Wipro, is...

HCL Tech is conducting walk-in interviews on June 08, 2024

IT Major, HCL Tech has announced a walk-in interview...

Govt initiatives to eliminate discrimination in labour markets

Union Minister for Labour and Employment and Environment, Forest...

STL appoints Paul Atkinson as CEO for its Optical Networking business

STL, an industry-leading integrator of digital networks, announces the...

Does Work From Home End at TCS? Nope… It’s Hybrid Now

There are various media reports claiming that work from...

Amazon HR rejects 30,000 employees’ petition on return to office

Earlier, Amazon had asked employees to be in the office...

EPFO e-passbook facility resumes services after being inactive

One of the World's largest Social Security Organisations, the...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/