News: Cognizant staff get huge bonus payouts

Compensation & Benefits

Cognizant staff get huge bonus payouts

On a day when the InfosysBSE -8.54 % stock took a beating after the software firm hinted at lower revenue, rival Cognizant sent out bonus letters to employees rewarding them for its strong showing last year. The target bonus payout for 2013 was more than 200% for top performers. While the payout was 150% for the second bucket, the third got 100%. Even average performers got between 60-80%. The 2013 bonus payouts on average are above the 2012 payouts.

On a day when the InfosysBSE -8.54 % stock took a beating after the software firm hinted at lower revenue, rival Cognizant sent out bonus letters to employees rewarding them for its strong showing last year. The target bonus payout for 2013 was more than 200% for top performers. While the payout was 150% for the second bucket, the third got 100%. Even average performers got between 60-80%. The 2013 bonus payouts on average are above the 2012 payouts. Read the Economic Times news report here.

Read full story

Topics: Compensation & Benefits, #Current, #Corporate, #TotalRewards

Did you find this story helpful?

Author


QUICK POLL

How well prepared were the companies to tackle the scourge of the second wave of the pandemic?

2 months free subscription
q_auto,f_auto/v1625556457/mag-july-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Are you reinventing your company ‘Culture’ in the hybrid world of work?

READ the July 2021 issue of our magazine to gain insights into the Digital Culture Reset.