IT services company Cognizant may up variable part of pay

BENGALURU: Cognizant may increase the variable pay component in the compensation structure of its employees, sources with knowledge of the matter told ET, as the IT services company moves to lower costs and possibly shore up margins.

The Teaneck, New Jersey-headquartered software services exporter is restructuring itself under new CEO Brian Humphries, which includes reducing management layers and rethinking its sales and business strategy. Reworking compensation structure is another measure in a roadmap that is aimed at making it ‘fit-for-growth’.