There will be no bonus or salary increase for now: CEO's clarity!

For a long time, domestic IT services companies have been officially sharing key information about salary hikes and bonus announcements to their employees. Companies like Infosys and Wipro have already shared these details with their employees. It seems that US-based Cognizant has also provided key information to its employees on these matters. Going into details.. Tech major Cognizant CEO Ravi Kumar spoke to employees about the bonus and delayed salary hike documents for the company's employees in a recent town hall meeting. This was actually arranged to address the concerns of employees and provide clarity on the company's compensation plans.

Postponement until August
In this meeting, the CEO acknowledged the concerns of the employees. Especially speaking about the wage increases.. Although these were originally scheduled to happen in April.. currently due to some reasonsPostponed until AugustExplaining the reason for the delay, he said that it was a strategic decision to align the company's financial goals and market conditions. However, he clarified that the company is committed to honoring the promised increases, but this is happening to some extent late. At the same time, CEO Ravi Kumar also made key comments on the bonus structure. He said that the company will provide its eligible employees with their bonuses as planned. He assured the employees that they are working hard to make payments on time. He said that he intends to do justice to our employees for their hard work.
The company will provide bonuses this month of March. It was clarified that the employees who are eligible to receive these bonuses will receive bonus letters by mail by March 10. He revealed that despite facing any challenges, the company is not losing focus on growth and innovation.
Considering the company's financial
conditions, he said that he is confident of focusing on strategic investments in areas such as AI and digital transformation to achieve future successes. Accordingly, the salary increases for employees indicate a further delay. There are also arguments that this will harm employee motivation.