Summary
Cognizant has clarified misinformation regarding its salary packages for entry-level engineers after facing backlash on social media. The company stated that the reported annual salary of Rs 2.52 lakh is for non-engineering undergraduate degree holders, not for engineering graduates. For fresh engineering graduates, Cognizant offers salaries ranging from Rs 4-12 lakh annually. This disparity was due to a misrepresentation of job postings for different educational backgrounds. Cognizant emphasized its commitment to training and upskilling both engineering and non-engineering associates, and highlighted recent investments in talent development and new office locations in India. The company also addressed concerns over modest salary hikes, attributing them to performance and industry dynamics.
Key Points
- Cognizant clarified that the Rs 2.52 lakh annual salary offer is for non-engineering undergraduate degree holders, not for engineering graduates.
- For fresh engineering graduates, Cognizant offers salaries between Rs 4-12 lakh annually, depending on factors like skill set and certifications.
- Surya Gummadi, EVP and President of Cognizant Americas, stated that the company invests significantly in training and upskilling new hires, spending Rs 2-3 lakh per associate in the initial years.
- Cognizant recruits both engineering and non-engineering graduates, with the latter often taking on administrative roles and undergoing extensive IT training.
- The company has faced criticism on social media for annual salary hikes of 1-5%, with the lower band being highlighted. However, Cognizant has stated these hikes are tied to performance and industry conditions.
- Cognizant recently expanded its operations with new centers in Bhubaneshwar and Indore and increased activities in Hyderabad, aiming to bring offices closer to employees’ locations.
- The company continues to focus on training, upskilling, and leadership development to support career growth and technological advancement within its Indian workforce.
