Key Points
The development comes days after Cognizants chief people officer, Rebecca Schmitt resigned from her office..
Cognizants CEO Ravi Kumar said that more than 3,00,000 employees will get imminent salary hikes..
Ravi Kumar, wrote in an internal note, This week, the vast majority of you who are in levels up to Associate Director will receive your 2023 merit pay eLetters..
Kumar added, Combined with the merit increases to eligible directors and above received in January, Cognizant is awarding more than 300,000 associates a merit increase this year.Over the past couple of years, weve invested significantly more in compensation than we have recently because of how valuable you, our associates, are to Cognizants success...
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