Cognizant India released a statement on Thursday saying they made over 28,000 campus offers to young talent across the country. This is a step towards meeting the growing demand for digital products and solutions from clients. Cognizant has projected a 7-9% growth in revenue this year. With the highest campus acceptance rate in the country at 81%, Cognizant remains very confident in standing as a magnet for skilled talent and a great place to build a career.
Cognizant start a programme offering a 12-week paid experience for tech professionals intending to restart careers after a break. With the first of its kind programme launched in India, Cognizant aims to get diverse talent irrespective of the gap in their professional career. Cognizant India Chairman and MD Rajesh Nambiar said, “We are extending our diversity and inclusion philosophy into supporting whose personal goals resulted in a professional break.”
Top Indian IT companies’ net hiring in FY22 could hit an all-time high, since the heydays of 2011-12, JM Financial said. Acceleration in the adoption of digital tech by global firms led to a rise in demand for IT services worldwide, making 2020-21 a transformative year for Indian IT companies. In 2011-12, the net hiring by top five offshore IT firms — Infosys, Cognizant, Wipro, HCL Tech and TCS, stood at 1,11,022, which has not been breached in the last nine years.
Cognizant has announced that it will cover the cost of vaccination of its 200,000 full-timers and their families around 50,000 people. Along with them, it will also cover the cost of around 3.5 lakh contingent staff such as contract, support and security personnel, and their families. Infosys, Accenture, Vedanta and NTPC have already announced a plan to bear the cost of Covid-19 vaccinations for its workforce and their dependents.
Cognizant is giving “substantially higher bonuses than 2019″, promoted 24,000 and is offering 1,60,000 employees with merit increases globally. ” Recognising our employees globally in serving our clients during this protracted pandemic, we are rewarding bonuses, despite 2020 being an extraordinarily challenging year,” said Cognizant India Chairman and MD Rajesh Nambiar. The US-based firm has two lakh of its 2.9 lakh employees based in India.
Philippe Dintrans, who has held top positions in McKinsey, Booz Allen & Hamilton, and Morgan Stanley has been appointed as the head of Wipro’s Domain & Consulting for its Integrated Digital, Engineering, and Apps Services business or iDEAS. Dintrans was the Industries Consulting leader at Cognizant. His expertise lies in digital and IT transformation, as well as change management. He will be based out of Boston and report to the President, Rajan Kohli.
Cognizant has appointed former EY executive Rob Walker as the MD of its UK and Ireland operations. He will be based in London and lead Cognizant’s operations in the UK and Ireland, including strategic planning, commercial development, and client delivery. Walker has 24 years of experience advising clients, including FTSE 100 and Fortune 500 firms, across a wide range of sectors and industries. His most recent stint was with UK&I Consulting Markets Lead for EY.
Hexaware Technologies had appointed Rajeev Kumar Mehta, former President at Cognizant Technology as a non-executive chairman replacing Atul Nishar, founder of the company who will continue as chairman emeritus. Mehta served Cognizant is various leadership positions including Group CEO-IT services, CEO-Industries and Markets and helped it become a $16 bn firm during his tenure. Hexaware was delisted from the stock exchanges in Nov 2020.