Cognizant to pay staff 25% extra
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New Delhi, March 27
To benefit 1.3 lakh employees
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- The company has taken this decision to reward the employees in recognition of their extraordinary continuity-of-service efforts amid the Covid-19 outbreak
The move is expected to benefit over 1,30,000 Cognizant employees in India
The additional payment will be processed with their April paychecks, and the company will be reviewing this approach monthly
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IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25% of base pay for April, in recognition of their extraordinary continuity-of-service efforts amid the Covid-19 outbreak.
The move is expected to benefit over 1,30,000 Cognizant employees in India.
Cognizant CEO Brian Humphries in a note to employees said the additional payment will be processed with their April paychecks, and the company will be reviewing this approach monthly.
Describing the pandemic as one of the biggest shocks to the world in decades, Humphries said Cognizant, like all global companies, is experiencing the effects of this public health emergency on both the demand and fulfilment sides of its business, from London to Mumbai to Manilla and New York.
“Even with all of the preparation and foresight of our crisis management and business continuity teams around the globe, it’s hard to imagine that we — or anyone — could have developed a playbook to anticipate the full impact of Covid-19. — PTI
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