Freshers Rejoice As Cognizant To Hire 20,000 Digitally Skilled Graduates With Eye-Popping Salary Packages

Must Read

The Growth of OTT: Blip in the Radar Or a Real Threat to Traditional TV?

People are attached to their smartphones way more than they're to any other gadget. In fact, the average person...

Are You A Gaming Geek: ‘Five Commandments’ Before You Buy Video Games Online !

Does your day start with joysticks instead of coffee mugs? Or as a kid your best friends were the...

Top Softwares for Business in 2021 That Every Startup Entrepreneur Must Use

In the conditions of the global pandemic and economic crisis, small and medium-sized businesses face different problems and do...

American multi-national Cognizant is gearing up to be on a hiring spree as they plan to hire up to 20,000 newly minted tech graduates, digitally skilled, in India during 2020. This news comes as a positive message after Cognizant went through some massive structural changes in their organisation. They have also announced that the average compensation of campus freshers will be increased to Rs 4,00,000 per annum which is an 18% surge from last year’s campus hiring.

Cognizant is reportedly also expanding its base in India as they have recently opened up a new facility in Mangaluru last week. Ramkumar Ramamoorthy, Chairman and Managing Director of Cognizant India said that the company has been greatly benefited from Mangaluru’s pool of talent as the destination serves as one of India’s most premier educational destinations for professional studies.

As of 2019, Cognizant was second to T.C.S. when it came to campus placements by hiring over 2,00,000 employees from India. A company spokesperson recently said that they will continue to be a net hirer of engineering, science and management students who are digitally skilled and able this year as well.

Advertisements

The Cheif Operating Officer of the American tech giant, Brian Humphries remarked that he’s very impressed with the acceptance rate of offers made to some of the most premier engineering colleges of India, standing at about 80% which further goes to confirm the increased confidence in their company.

This hiring spree of freshers who are digitally skilled is to ensure that Cognizant doesn’t lag behind whilst entering a new digital era of emerging technologies that are predicted to surely go mainstream in the coming years. The core areas in which they are looking forward to strengthening their grounds are – data, digital engineering, cloud, and internet of things (IoT). This strategic decision of Cognizant comes backed by the fact that their digital revenue seems to be increasing 20% year after another.

This news comes right after the fact that they have spent a massive chunk of their time in 2019 handing pink slips to about 10,000-12,000 employees to begin started restructuring and optimising their organisational efficiency and costs to advance the growth.

Trends On Freshers’ Hiring And Salary Trend 2020

Quite recently a report from TeamLease highlights that IT companies in India are gearing up to hire more freshers than mid-level employees. In fact, the increase in freshers salary in 2020 is expected to be more lucrative than those having 7 – 15 years of experience.

Cognizant is most certainly taking a step in the right direction by ensuring that they hire capable freshers who are well-equipped digitally to ensure that they not only survive but thrive whilst the world undergoes massive technological changes and improvements. It is certainly a challenge to keep up with the pace of these changing times and technologies for a global company such as that of Cognizant.

Advertisements

Freshers should most certainly ensure that they are well-informed and knowledgeable in the industry-standard digital skills that are being required by companies such as Cognizant to ensure that they are considered as a valued employee as well as an asset to the company.

Cognizant has also planned to re-skill or upskill their existing employees to ensure they can smoothly transition into supply-constrained areas of the business. They also claimed to have doubled their investment in the Cognizant Academy in 2020 for the same. The employees who refrain from acquiring new skills or are unable to do so are being asked to leave. Therefore upskilling activities are being run parallel to those of cutting jobs to make room for new freshers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Apple AirTag: An Effective Tool For Thieves To Steal Cars

Thieves have left no stone unturned to make the most of every new technology invented. No matter how hard...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This