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Cognizant’s unique employee retention fund indicates HR undercurrents for Indian IT

Utilisation levels at most Indian IT companies reached optimal levels last quarter. With demand improving, the firms are stepping up hiring

February 22, 2021 / 10:21 AM IST
Cognizant’s unique employee retention fund indicates HR undercurrents for Indian IT

Cognizant CEO Brian Humphries

Cognizant Technology Solutions Corp. is adopting a unique approach to retain top performers and employees with digital skills. The company has set up a $30 million corpus fund to match a competitor’s offer for its employees, reports The Times of India. Cognizant is in the midst of a transformation and the company’s workings are strictly not comparable with Indian IT. Even so, both operate in the IT services industry and are seeing a resurgence in demand for digital technologies. Hence, they face similar constraints and...

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