Pay hike for 80% staff at Cognizant
'These increases will be delivered up to, and including, the Senior Associate levels. The amount of these increases will vary, depending on individual performance rating and country,' a Cognizant spokesperson said on Thursday. About 80 per cent of eligible employees will receive a salary hike, effective November 1, 2025, according to the company. In India, pay increases for consistent highest performers will be in the high single digits, the spokesperson added.
Top performers will receive the highest increases. Earlier this year, Cognizant paid most of its associates their highest bonuses in three years. Cognizant recently reported better-than-expected growth with net income rising 14 per cent year-on-year to $645 million for the June quarter, as the Nasdaq-listed IT services firm raised the lower end of its full-year revenue growth forecast, pegging it at a 4-6 per cent range.
The revenue for the second quarter - it runs on a January-December fiscal year cycle - was at $5.25 billion, increasing 8.1 per cent year-on-year or 7.2 per cent in constant currency terms.
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