BENGALURU: IT services firm Cognizant on Sunday said its recent job posting with compensation of Rs 2.52 lakh package annually has been ‘grossly misrepresented’. This clarification comes from the IT firm as salaries starting from Rs 2.52 lakh for freshers has sparked outrage on social media.
“Our recent job posting for talent from non-engineering backgrounds, with a 3-year undergraduate degree has been grossly misrepresented. This job posting, with compensation of Rs 2.52 lakh annually was only for candidates with a 3-year undergraduate degree and not for engineering graduates,” Surya Gummadi, EVP and President, Cognizant Americas, said in a statement. The company said that its annual compensation for fresh engineering graduates ranges from R4 lakh to R12 lakh annually, depending on the category of hiring, skill set, and advanced industry accredited certifications.
“The compensation we offer for engineering graduates is highly competitive within the IT services peer group. Further, when we hire for entry level roles, we invest approximately R2 to 3 lakh per associate in the initial years to train, mentor and upskill in advanced technologies. This is for both engineering and non-engineering associates. Hundreds of our associates who joined us with a 3-year undergraduate degree, today hold key positions from Manager to Assistant Vice President across the company,” Gummadi explained.
The company is also facing criticism for low hikes. Cognizant said, “The merit increases for this cycle are tied to both individual performance and macro industry dynamics...This recent pay hike is the 4th that most Cognizant’s associates have received in the past 3 years.”