IT giant Cognizant has begun giving out 2024 bonuses. Employees who are qualified will get between 85% and 115% of their bonus goals. This is the most money that has been paid out in bonuses in the last three years, which shows that the business is serious about rewarding workers and keeping them on.
The business has also promised its workers that raises in pay (called “merit pay increases”) will happen on August 1, 2025, as planned.
Cognizant Announces Bonus Payouts for 2025
Reports say that Cognizant has started sending electronic letters (eLetters) to eligible workers to let them know how much their bonuses are. Based on when people get paid in different countries, these payments will be made in March and April.
In a time when the economy is unclear, companies are cutting costs, and hiring is slowing down, Cognizant has decided to give big bonuses. The goal is to keep workers stable in a competitive job market and get them excited about their jobs.
Why This Matters for Employees?
- Higher Bonuses: Workers will get the biggest bonuses they’ve had in three years. This shows that the company is doing well financially and is committed to rewarding good work.
- Stable Job Market: While some IT companies are slowing down hiring, Cognizant is still committed to hiring and providing good perks to employees. This is good news for people looking for work.
- Retention Strategy: The bonuses are part of Cognizant’s bigger plan to keep skilled workers and lower turnover in the tech industry, which is very competitive.
Salary Hikes: No Delays, Confirms Cognizant
Along with the bonus payments, Cognizant has made it clear that on August 1, 2025, pay raises will begin. The company responded to rumors of possible delays by confirming that the plan has not changed.
A spokesperson for Cognizant said, “In August, exactly one year after the last cycle, eligible associates will receive merit increases.” Most of our employees will have gotten five raises because of good work in the last four years.
This statement reassures workers that the company will continue to make fair and quick changes to their pay, which will help the company grow financially.
Cognizant’s Hiring Drive: Opportunities for Job Seekers
Cognizant is also currently hiring for a wide range of positions, such as project management, software development, data analytics, cloud computing, cybersecurity, and data analytics. This hiring drive has jobs for both new workers and those with more experience.
People who want to work for Cognizant can look for jobs on their main career page and on LinkedIn. Putting in an application early and making sure your resume is up to date can help you get chosen.
Related News:
- Cognizant Delays Salary Hike Again, Now Scheduled for August 2025
- Infosys Announces Salary Hikes for 2025: Lower Increments Disappoint Employees
Cognizant’s Competitive Edge in the IT Industry
Cognizant is continuing to strengthen its place as a top IT employer by giving bonuses, raising wages, and hiring new people all the time. The company’s ability to reward workers during tough times shows that it has a long-term view and cares about the health and happiness of its workers.
By focusing on both keeping employees and hiring more, Cognizant is not only helping its current staff but also drawing new ones. This makes it an attractive place to work in the IT industry.
Final Thoughts
Workers are happy about Cognizant’s biggest bonus payments in three years, which shows that the company is committed to rewarding workers based on how well they do their job. The timely raises in pay and increased job openings show that Cognizant is following a growth plan.
Even though the IT industry is facing problems, Cognizant stands out as a company that cares about and invests in its employees thanks to its strong hiring and perks plans.
Disclaimer: This post is just for your information and shouldn’t be taken as investment and career advice. Before deciding what investments to make, investors should talk to financial experts.
