<p>New Delhi: IT major <a href="https://www.deccanherald.com/tags/cognizant">Cognizant</a> has begun rolling out letters informing about bonus payouts in range of 85-115 per cent for eligible employees, according to sources.</p>.<p>Majority of associates (employees) are eligible for the bonus payout.</p>.<p>An email query sent to company seeking comments did not elicit a response.</p>.Infosys accuses rival Cognizant of anti-competitive practices; file counter suit in Texas court.<p>Meanwhile sources told <em>PTI</em> that Cognizant, this week, began sending out mailers (eLetters) informing about bonus payouts for 2024.</p>.<p>"Eligible associates will receive bonus eLetters this week. Payouts will be issued throughout March and April based on individual country payroll schedules," it said.</p>.<p>The bonus is at the highest level in three years, said the mailer sent to employees.</p>.<p>Cognizant has also informed that it will give merit pay increases (salary hikes) effective August 1, 2025, one year after the previous increase.</p><p>Earlier this month, Cognizant had dismissed reports about delayed salary hikes saying merit increases for eligible employees will be rolled out in August.</p><p>The New Jersey-headquartered firm had said it will also pay bonuses to eligible associates mid-March.</p><p>"Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company had said recently.</p>
<p>New Delhi: IT major <a href="https://www.deccanherald.com/tags/cognizant">Cognizant</a> has begun rolling out letters informing about bonus payouts in range of 85-115 per cent for eligible employees, according to sources.</p>.<p>Majority of associates (employees) are eligible for the bonus payout.</p>.<p>An email query sent to company seeking comments did not elicit a response.</p>.Infosys accuses rival Cognizant of anti-competitive practices; file counter suit in Texas court.<p>Meanwhile sources told <em>PTI</em> that Cognizant, this week, began sending out mailers (eLetters) informing about bonus payouts for 2024.</p>.<p>"Eligible associates will receive bonus eLetters this week. Payouts will be issued throughout March and April based on individual country payroll schedules," it said.</p>.<p>The bonus is at the highest level in three years, said the mailer sent to employees.</p>.<p>Cognizant has also informed that it will give merit pay increases (salary hikes) effective August 1, 2025, one year after the previous increase.</p><p>Earlier this month, Cognizant had dismissed reports about delayed salary hikes saying merit increases for eligible employees will be rolled out in August.</p><p>The New Jersey-headquartered firm had said it will also pay bonuses to eligible associates mid-March.</p><p>"Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company had said recently.</p>