Letter to the Cognizant employees regarding delay in appraisals and promotions
Cognizant has recently declared that it might be delaying the appraisals and promotions this year. This decision created chaos in the market. And hence, Jim Lennox, Chief People Officer, decided to write a letter to the company. Here is the letter of Lennox to the company and its employees.
We are pleased to announce plans for this year’s promotion and revision cycle.
Cognizant is successful because of our associates, and we value the passion, expertise and dedication you bring to your roles every day. As we manage our business to drive high-quality revenue and profitability, we look forward to your continued support, partnership and initiative that have made Cognizant what it is today.
Revisions will take effect starting from October 1, 2017. In general, associates up to the level of manager will receive a percentage increase to their baseline pay as in previous years. Associates at senior manager and above will receive the equivalent of their annual pay revision in an upfront, lump-sum, one time payout, which is separate from the annual performance-linked bonus. BU/Regional Leadership will have some flexibility to account for specific BU or Regional nuances.
We are launching the promotion process up to the level of vice president; we’ll send additional details to leaders shortly. Promotion will be announced as soon as they are complete, with an October 1 effective date. Our plans for promotions to SVP and above will be shared at a later time. If you have questions, please speak up with your talent manager.
2017 is off to a good start thanks to all your hard work. While we cannot control what happens in the macro-economic environment, we can control how well we execute against macro shifts, drive significant value for our clients as they accelerate their shift to digital, and differentiate ourselves in the marketplace. Our promotions and revisions are a reflection of the results we deliver to our clients and all other stakeholders.
Thank you for everything you do.
Chief People Officer
Well, Let us hope that this letter might calm down the crowd to a little extent.