Cognizant defers salary hikes by four months to August 1, says report

Global IT services giant Cognizant will implement salary hikes for “eligible” employees starting August 1, a delay of four months from the previous April 2023 cycle, according to a report by Moneycontrol.

“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 increase for eligible associates will be awarded this year on August 1. Importantly, the majority of our associates have seen four merit increases within three years, with the last cycle being April 1, 2023,” Cognizant said in an official statement.