It's a feast for the Cognizant employees. Cognizant employees who were the top performers got 200 percent bonus for the year ended Dec 2010 and for the whole year average bonus payout was 165 percent. Bonus payout is a form of bonus which directly relates to performance output of an employee. The company has increased salaries for the top five management members is 189 percent. An employee informed that they received through the intranet and they were happy about it. Cognizant has more than one lakh employees are in India.
The company's CPO, Shankar Srinivasan announced that the performance linked bonus payout is for all associates across the world. In the year 2010, the revenue growth of the industry has enabled them to pay performance bonuses and the bonus was compared with the last year. Due to the exceptional contribution, the employees have got the bonus. Francisco D'Souza, President and CEO who got bonus of $816,968 and Gordon Coburn, CFO got bonus of $735,286.
The company's CPO, Shankar Srinivasan announced that the performance linked bonus payout is for all associates across the world. In the year 2010, the revenue growth of the industry has enabled them to pay performance bonuses and the bonus was compared with the last year. Due to the exceptional contribution, the employees have got the bonus. Francisco D'Souza, President and CEO who got bonus of $816,968 and Gordon Coburn, CFO got bonus of $735,286.
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