Dikhyaa Mohanty 
US-based IT major Cognizant is all set to hire around 1 lakh employees this year and is also planning to induct as many as 45,000 new graduates or freshers by 2022 in India. The company said that it expects to welcome in an additional 30,000 new graduates this year, and is planning to best its own record by pushing for a further 45,000 candidates by 2022.
According to the reports, Brian Humphries, Cognizant CEO in a press release stated that the company is expecting to hire around 100,000 laterals in 2021 and to train close to 100,000 associates. As per Cognizant’s attrition metric estimates, which include trainees and corporates across both the IT services and BPO, the company had more than 3 lakh employees by the end of the June quarter. Against this backdrop, the company continue to take a series of actions to reduce attrition, including compensation adjustments, job rotations, reskilling and promotions and a host of associated engagement activities.
The press release then said- “It’s really one of the hottest markets we’ve seen or our team has seen over the last 10-plus years. So, we’re all dealing with it… annual merit-based increases have been announced here in the last few weeks, they’re effective October 1. That’s on top of a whole host of ad hoc measures we played through in the course of the last year: out-of-cycle increases, promotion, retention dollars.”
The release further continued- “We delivered a strong second quarter. Through targeted investments, we’ve been shifting our portfolio to faster-growing market segments while extending our capabilities and partnerships to help clients build modern businesses. I see a stronger, more competitive Cognizant emerging, with growing commercial momentum.”
