Refuting recent reports of delays in salary hikes IT major Cognizant clarified on Tuesday that there is no deviation from its planned merit cycle. The company confirmed that eligible employees will receive their salary increases in August and bonuses in mid-March as scheduled. 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 said. Cognizant reaffirmed its commitment to recognizing the hard work and dedication of its workforce through consistent merit increases and bonuses. Bonuses Set for March Addressing concerns about bonuses Cognizant confirmed that eligible employees would receive payouts in mid-March. According to an internal memo seen by Mint e-letters detailing bonus amounts will be issued by March 10. Despite these assurances employees have expressed frustration over the salary hike timeline. Initially scheduled for April the hikes were later moved to August. The company attributed the adjustment to aligning financial goals with market conditions. While this decision has raised concerns Cognizant maintained that it remains firm in its dedication to fair pay structures. Cognizant Focus On Growth In a recent town hall meeting CEO Ravi Kumar S addressed these issues reassuring employees of the company’s commitment to performance-based rewards. He acknowledged broader challenges within the industry but emphasized Cognizant’s focus on growth and innovation. Investments in artificial intelligence and digital transformation remain key pillars of the company’s strategy to strengthen its market position. Cognizant’s financial planning reflects broader industry trends where companies are prioritizing sustainable growth amid economic uncertainties. The firm emphasized efficiency and strategic decision-making as critical elements in navigating these challenges. While the adjustment in the salary hike timeline has sparked employee concerns the company’s assurance of timely bonuses and future pay adjustments could build trust among its workforce.