Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Cognizant usually hires about 15,000-20,000 freshers on an average every year - The Hindu
Cognizant Technology Solutions, plans to increase salary for entry-level engineering graduates by nearly 18 per cent from next year. This means, the annual entry level salary will cross ₹4 lakh for the first time.
Entry-level salary for graduate engineers had remained between ₹3.30 lakh and ₹3.60 lakh for the last four years.
“Last year some companies announced an increase of ₹25,000-35,000 but the 18 per cent increase planned by Cognizant is quite significant. However, we are yet hear from the company,” said a placement director of a leading engineering college in Chennai.
The last time Cognizant announced a major increase was in 2016.
With the growing need for digital talent, Cognizant has been reskilling and upskilling its employees. In 2018, it trained over 1.50 lakh employees on digital skills.
“We have also been paying more to those with premium skills. In line with that, we have decided to increase the compensation of entry-level engineering graduates, as digital technologies have become an integral part of engineering curriculum in institutions from where we recruit talent,” said a spokesperson for Cognizant, which ended 2018 with 2.81 lakh employees of which 1.94 lakh were in India.
Nearly 33 per cent of Cognizant’s revenue comes from digital solutions and have been quite active in hiring from Indian Institute of Technology. In the past few years, Cognizant hired hundreds of students from IITs and National Institute of Technology at entry-level salaries ranging between ₹6.50 lakh and ₹10 lakh per annum.
In the last three years since digital technologies went mainstream, Cognizant had made over 500 offers in IITs, he said. The company’s net headcount addition in the last four quarters was 24,400 (laterals and freshers combined). Sriram S Padmanabhan, Director (Career Center), SRM Institute of Science and Technology, said the recruitment market is bullish for 2020 with the major companies, including Cognizant, TCS, Infosys, Wipro, Accenture and IBM giving a positive hiring trend. Some of the companies have also announced plans to visit the campus multiple times to recruit, he said.
“The increase is long over due and they are late to do this. If Indian services companies need to attract quality talent they need to up their entry intake. The Global In-house Centres (GICs) are hiring freshers at higher entry level salary in the ₹5 lakh range. This pressure will continue and in their case they were behind their Indian peers as well,” said A Kamal Karanth, Talent Specialist and Co-founder of Xpheno, a specialist staffing firm.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Forget the tuna. The island nation will keep you full and happy with coconut, koftas and jasmine
This year, on Facebook, I saw that someone had posted a list of EASY RESOLUTIONS. I didn’t copy them down but ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor