Photo by Cognizant’s Response to Criticisms on Fresher Salary Structure
Cognizant, a global IT services leader, has responded to recent criticisms regarding its fresher salary structure. The company has clarified that it offers a competitive salary range of 4 to 12 lakh to engineering graduates, depending on the category of hiring, skill set, and advanced industry-accredited certifications.
In a statement provided to India Today Tech, Surya Gummadi, EVP and President of Cognizant Americas, explained that the company’s approach to talent management extends beyond just competitive pay. Cognizant invests approximately Rs 2 to 3 lakh per associate in their initial years to train, mentor, and upskill them in advanced technologies.
“Our annual compensation for fresh engineering graduates ranges from INR 4 lakhs to INR 12 lakhs annually, depending on category of hiring, skill set, and advanced industry accredited certifications. The compensation we offer for engineering graduates is highly competitive within the IT services peer group,” Gummadi said.
“We are one of the few IT companies in India that have delivered increments and bonuses this year. These hikes are just one component of the comprehensive total rewards package.” - Cognizant
Cognizant’s logo
Cognizant has also highlighted its efforts to remain competitive in its compensation strategy. The company has implemented merit-based increases this year, which are tied to both individual performance and broader industry trends. This latest pay hike marks the fourth increment that most Cognizant associates have received over the past three years.
In India, Cognizant has opened new centers in Bhubaneshwar and Indore and expanded its operations in Hyderabad. These moves are part of the company’s strategy to bring its offices closer to where its associates live.
As a journalist, I believe that Cognizant’s response to criticisms on its fresher salary structure is a step in the right direction. The company’s commitment to investing in its associates’ training and development is impressive, and its competitive salary range for engineering graduates is a testament to its efforts to attract and retain top talent.
However, I also believe that the company can do more to address the concerns of its critics. For instance, Cognizant could consider providing more transparency on its salary structure and benefits package to its associates and prospective employees.
Overall, Cognizant’s response to criticisms on its fresher salary structure is a positive step towards addressing the concerns of its stakeholders. As the company continues to grow and expand its operations, it is essential that it prioritizes the needs and concerns of its associates and maintains a competitive edge in the industry.
Cognizant’s office
As I reflect on Cognizant’s response to criticisms on its fresher salary structure, I am reminded of the importance of transparency and communication in the workplace. Companies like Cognizant must prioritize the needs and concerns of their associates and maintain a competitive edge in the industry to attract and retain top talent.
In conclusion, Cognizant’s response to criticisms on its fresher salary structure is a step in the right direction. The company’s commitment to investing in its associates’ training and development is impressive, and its competitive salary range for engineering graduates is a testament to its efforts to attract and retain top talent. As the company continues to grow and expand its operations, it is essential that it prioritizes the needs and concerns of its associates and maintains a competitive edge in the industry.
Cognizant’s employees
