Cognizant promotes 15,000 staff globally
The company has sent out letters of promotion to 15,000 employees on Friday that will take effect from May 1, 2010
By T K Rohit, TNN |
CHENNAI: It's raining benefits at Cognizant! First, the company paid out about 200% bonus in March to a cross section of its employees. Now, the company is promoting about 15,000 of its associates globally who are below the 'manager' level.
The company has sent out letters of promotion to 15,000 employees on Friday that will take effect from May 1, 2010, sources said.
ToI has also learnt that this is just the first round of promotions and a second batch of promotions for people above the 'manager' level will happen in May. It is learnt that a sizeable chunk of the employees in that level are also likely to see themselves redesignated to a higher level. These employees would receive a fair chunk of pay hikes as well, sources added. The company has 78,400 employees . This is the single largest number of promotions announced by any IT company in India this year. Last month, Infosys had announced promotions for 7,500 employees.
"This morning we announced global promotions for associates below the level of Manager. These promotions would be effective May 1, 2010. Cognizant's industry-leading growth over the past year has enabled promotion and career growth opportunities to a record number of employees," said Gordon Coburn, chief financial and operating officer, Cognizant in an e-mail.
Apart from the email, company officials remained tightlipped about any of the announcements including a hike in the salaries.
The company has sent out letters of promotion to 15,000 employees on Friday that will take effect from May 1, 2010, sources said.
ToI has also learnt that this is just the first round of promotions and a second batch of promotions for people above the 'manager' level will happen in May. It is learnt that a sizeable chunk of the employees in that level are also likely to see themselves redesignated to a higher level. These employees would receive a fair chunk of pay hikes as well, sources added. The company has 78,400 employees . This is the single largest number of promotions announced by any IT company in India this year. Last month, Infosys had announced promotions for 7,500 employees.
"This morning we announced global promotions for associates below the level of Manager. These promotions would be effective May 1, 2010. Cognizant's industry-leading growth over the past year has enabled promotion and career growth opportunities to a record number of employees," said Gordon Coburn, chief financial and operating officer, Cognizant in an e-mail.
Apart from the email, company officials remained tightlipped about any of the announcements including a hike in the salaries.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Related Articles
Cognizant launches Ace Team Program to nurture new generation of AI talent2026-06-05T10:47:08Z- Cognizant boosts buyback target to $2 billion amid AI-led growth push2026-05-19T10:25:54Z
- After quitting his 9-5 job at Cognizant, Malayalam actor recalls being 'insulted' early in his acting career. Now, he is one of the highest-paid stars2026-05-06T09:57:52Z
ADVERTISEMENT
