Covid-19: Cognizant to give 25% extra pay to two-thirds of India workforce
Source | www.business-standard.com | T E Narasimhan
Information technology services firm Cognizant has announced it will pay its employees who are at the associate level or below an additional 25 per cent of their base salary in April in recognition of their “extraordinary continuity-of-service efforts” amid the COVID-19 outbreak.
The policy, which the company will review on a monthly basis, will benefit over two-thirds of its Indian workforce. The company had 203,700 employees across 13 locations in India as on December 31, 2019.
“Prime Minister Narendra Modi has imposed a nationwide 21-day lockdown in an attempt to contain the spread of the coronavirus. The Philippines is under a state of national emergency. We support these and other efforts by governments across the world to ‘flatten the curve’ and contain the spread of COVID-19,” said Brian Humphries, chief executive officer of Cognizant, in a letter to employees.
“While the pandemic will likely dampen industry demand, we know the requirement for fulfillment remains critical,” he added.
“While the pandemic will likely dampen industry demand, we know the requirement for fulfilment remains critical,” he added.