“We continue to revisit and benchmark ourselves with the salaries in the marketplace and then we will do what it takes. We have a deep bench of seasoned talent and a highly skilled dedicated global team," Nambiar said.Īs a measure to retain talent, Cognizant has announced its annual merit cycle effective 1 October for most employees. “We have also restructured our leadership with a good mix of internally promoted talent and lateral hires. ![]() It is on track to onboard 30,000 new employees this year and roll out an additional 45,000 offers for 2022. It has stepped up its recruitment engine by onboarding a record number of 17,000 new hires in the September quarter taking its total headcount to 318,400. The IT services industry has been witnessing higher attrition levels over the last few quarters on the back of a demand-supply gap for tech talent, especially digital skillsets, as well as increased prevalence of the gig-economy versus long-term employment," said Ankit Garg, associate director, Auctus Advisors.Ĭognizant, meanwhile, has taken a number of measures to address the high attrition levels. “As far as recent uptick goes, while some of it, both planned and unplanned, can be attributed to the ongoing transformation at Cognizant, it is more significantly the macros that are at play. Our bookings are at a healthy 24% growth year-on-year," he added.Īnalysts, though, point out that Cognizant has historically had a higher base attrition than peers, right from pre-Covid days. "We continue to deliver against our commitments to clients across the globe. Nambiar, however, insisted that the steep attrition rate has not impacted Cognizant’s growth.
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