Posted by Cognizant Technology to hire about one lakh lateral employees
Looks to onboard approximately 30,000 new graduates in 2021 and make 45,000 offers to new graduates in India for 2022
Cognizant Technology Solutions will be on a hiring spree in 2021 with plans to hire about one lakh lateral employees (from the industry) and to train close to one lakh associates. In addition, it expects to onboard approximately 30,000 new graduates in 2021 and make 45,000 offers to new graduates in India for 2022, said the company’s CEO Brian Humphries, while discussing the June quarter financial results with analysts. The US-based IT company has majority of its employees working in India
The hiring plans comes in the backdrop of improved business environment. The company in fact revised upwards the full year 2021 revenue to $18.4-$18.5 billion or a growth of 10.2-11.2 per cent as against $17.8-$18.1 billion or growth of 7.0-9.0 per cent announced during the first quarter results. “As noted in last quarter’s remarks, we expected attrition to go up sequentially in Q2, and it did. Second quarter voluntary attrition reached 29 per cent on an annualised basis or 18 per cent on a trailing 12-month basis. Our attrition metric captures the entire company including trainees and corporates across both IT services and BPO,” he said.