A number of social media posts claimed that the IT big was paying Rs 2.52 lakh annual compensation to freshers, with many evaluating it to 2002 ranges.
Responding to the claims, Surya Gummadi, government vice chairman and president, Cognizant Americas, stated, “Our current job posting for expertise from non-engineering backgrounds, with a 3 12 months undergraduate diploma has been grossly misrepresented.”
“This job posting, with compensation of Rs 2.52 lakh yearly, was just for candidates with a three-year undergraduate diploma and never for engineering graduates.”
Gummadi stated that its annual compensation for contemporary engineering graduates ranged between Rs 4 lakh and Rs 12 lakh.
“Our annual compensation for contemporary engineering graduates ranges from Rs 4 to 12 lakh yearly, relying on the class of hiring, talent set, and superior business accredited certifications,” stated Gummadi.
“The compensation we provide for engineering graduates is very aggressive inside the IT providers peer group,” he additional added.
The corporate additionally stated that it roughly invests Rs 2 to three lakh per affiliate within the preliminary years to coach, mentor and up talent in superior applied sciences.
“That is for each engineering and non-engineering associates. Lots of of our associates who joined us with a 3 12 months undergraduate diploma, at the moment maintain key positions from supervisor to assistant vice chairman throughout the corporate,” stated the corporate.
The corporate can be dealing with flak for allegedly providing low hikes to its staff, which based on studies ranged from only one to 5 per cent, regardless of the agency reserving sturdy earnings.
Clarifying its stance, Cognizant stated, “The benefit will increase for this cycle are tied to each particular person efficiency and macro business dynamics. This 12 months, we’re one of many few IT corporations in India which have delivered increments and bonuses for workers. This current pay hike is the 4th that almost all Cognizant’s associates have acquired previously 3 years. Furthermore, these hikes are only one element of the great complete rewards package deal.”
First Revealed: Aug 18 2024 | 4:47 PM IST