IT major, Cognizant Technology Solutions is planning to add around 50,000 college graduates in India in 2022. Last year, the company has added a record 33,000 college graduates which are nearly double the 17,000 hired in 2020.
The US-based IT company with a large employee base in India ended 2021 with the highest ever employment of 3,30,600 employees — up 14 per cent year-over-year.
Brian Humphries, CEO, Cognizant, said during earning calls, “During 2021, the company facilitated more than 14,000 job moves across 40 countries; revitalised its campus recruitment programme in India, established new compensation measures and a revised promotion cycle to retain employees and invested heavily in upskilling.”
The company reported attrition of 31 percent of Q4FY21 (it follows the Jan-Dec financial calendar). Although the attrition numbers are higher compared to peers TCS, Infosys and Wipro, they have come down to the company on a sequential basis. Cognizant had reported 33 percent attrition in Q3FY21.
Rajesh Nambiar, President, Cognizant India and President Digital Business and Technology said, “While the rest of the sector at least saw an increase in wear and tear for this quarter, we managed to get a little rest on a quarter-on-quarter basis. Is this sustainable? We do everything within the organization to ensure that it persists, but waste is always dependent on market dynamics, “
“The hiring of 50,000 freshers is one of the highest number ever of the company. Unlike in the past when the company focused more on lateral hires, with the need to get more employees on board, it has also increased the number of fresher additions to the company,” he added.
“Our commitment to hiring such large numbers has been the highest in Cognizant’s history and we are doubling down,” Nambiar added.
