IT company Cognizant has made a big announcement. Cognizant one of the worlds largest IT service firms will be offering salary hikes to approximately 80 per cent of its eligible employees beginning November 1 reported MoneyControl. This move will end months of uncertainty about salary increases. This follows the companys statement during its second-quarter results in which it indicated that most employees would receive merit-based hikes in the second half of the year. The salary raises will apply to staff up to and including senior associates and the raise will depend on each person’s performance rating and location. In India employees rated as high performers can expect increases in the high single digits consistently. A spokesperson for the company said “Top performers will receive the highest increases” and added that most associates received the largest bonuses of the last three years earlier this year.