Cognizant defers annual salary hikes to Aug 1, says ‘recognises hard work’

Nasdaq-listed Cognizant Technology Services has deferred salary hikes this year and all eligible employees will receive increments on August 1.

“We are committed to recognising the hard work and dedication of our associates through annual merit increases and bonuses. As part of this commitment, the merit increases for eligible associates will be awarded this year on August 1,” said Cognizant in a statement to ‘Business Standard’.