The agency additionally confronted social media ridicule for doling out annual wage hikes of as little as 1 per cent, however what’s being quoted is the decrease band of the 1-5 per cent annual increments that the agency has dished out primarily based on particular person efficiency.
Cognizant yearly hires contemporary engineers and non-engineering/IT graduates for diverse roles.
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With the 2 recruitments operating virtually parallel, hiring for three-year non-engineering/info know-how undergraduate diploma holders picked up and was extensively shared as Cognizant’s wage package deal for freshers.
“Our current job posting for expertise from non-engineering backgrounds, with a 3-year undergraduate diploma has been grossly misrepresented. This job posting, with compensation of ₹2.52 lakhs yearly, was just for candidates with a 3-year undergraduate diploma and never for engineering graduates.
“Our annual compensation for contemporary engineering graduates ranges from ₹4 lakhs to ₹12 lakhs yearly, relying on the class of hiring, talent set, and superior business accredited certifications,” stated Surya Gummadi, EVP and President, Cognizant Americas.
Cognizant hires non-engineering undergraduate diploma holders for administrative and different roles and invests substantial money and time in upgrading their abilities and IT coaching, after which they get absorbed in varied roles.
Compensation technique
“The compensation we provide for engineering graduates is extremely aggressive throughout the IT providers peer group,” he stated.
“We’ve got been recruiting and upskilling freshers from engineering establishments in addition to schools providing levels in science, arts, and commerce. Right now, as AI more and more powers trendy companies, we’re creating new pathways for expertise to thrive in know-how business,” Gummadi stated.
“Once we rent for entry-level roles, we make investments roughly ₹2 to ₹lakhs per affiliate within the preliminary years to coach, mentor and upskill in superior applied sciences. That is for each engineering and non-engineering associates. Lots of of our associates, who joined us with a 3-year undergraduate diploma, at the moment maintain key positions from supervisor to assistant vp throughout the corporate,” he stated.
On the annual increments, Cognizant stated it really works diligently to be aggressive in its compensation technique.
“The advantage will increase for this cycle are tied to each particular person efficiency and macro business dynamics. This yr, we’re one of many few IT firms in India which have delivered increments and bonuses for workers. This current pay hike is the 4th that the majority Cognizant’s associates have obtained up to now 3 years. Furthermore, these hikes are only one part of the great whole rewards,” it stated.
Gummadi stated Cognizant is a people-first firm.
“We’ve got not too long ago opened new centres in Bhubaneshwar and Indore and expanded operations in Hyderabad.
“We constantly put money into coaching and upskilling our associates in superior digital applied sciences, sponsor larger training and management growth programmes with high establishments in order that our individuals are empowered to be on the forefront of innovation, be taught the newest applied sciences, work with world purchasers and speed up their profession development,” he famous.
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