Cognizant to Announce 7-10% Salary Hikes to Employees || Here are the Updates!! Cognizant is an American multinational information technology services and consulting company headquartered in Teaneck, New Jersey, United States. The company has decided to increase the salary of its employees by 7-10%.
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With this move, Cognizant joins peers like TCS and Wipro in offering merit salary increases (MSI) amid macroeconomic interventions and a tight labor market. In a statement issued by Cognizant, formal letters with the new compensation amount will be issued throughout the week.
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Similarly, it has been announced that the pay hike will be implemented from October for the posts up to Cognizant’s working associate director. Meanwhile, Cognizant has appointed Ravi Kumar, former head of Infosys, to lead its US market.
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