The salary package of the giant company Cognizant of the IT sector has come into discussion. After the package offer by the company, it is being trolled a lot on social media. Actually, the company had posted a job for new employees. According to this post, in the year 2024, it is offering IT jobs to pass-out students with a salary package of 2.5 lakhs (Cognizant Package 2.5 Lakh Per annum).
Students’ thinking when they think of getting placement
Whenever freshers go to the company for placement after college, a good package is expected. However, how much package the fresher will get is decided by the company. If we talk about the salary package of the giant companies of the IT sector, then everyone expects a great package.
About Cognizant
Ravi Kumar S was earlier the President of Infosys. Last year he became the CEO of Cognizant. His salary surprised everyone. This was said to be four times more than Mukesh Ambani’s salary in 2020. Ravi Kumar S’s career is more than two decades old. He started his career as a nuclear scientist at the Bhabha Atomic Research Center. In 2016, he joined Infosys as President. Also worked as Chairman of the Board.
🚨 Cognizant has announced an exciting off-campus mass hiring drive, welcoming applications from candidates belonging to the 2024 batch.
Application deadline – August 14.
Package – INR 2.52 LPA pic.twitter.com/Btuwf2GoEw— Indian Tech & Infra (@IndianTechGuide) August 13, 2024
Joined the company in January last year
Ravi Kumar joined Cognizant in January last year. Prior to this, he has worked in big companies like PricewaterhouseCoopers, Oracle, Sapient and Cambridge Technology Partners. He has also been on the Board of Governors of the New York Academy of Sciences and the boards of the US Chamber of Commerce, TransUnion, DigiMark and International Tennis Hall of Fame.
Four times more than Mukesh Ambani’s salary in 2020
Ravi Kumar S completed his engineering studies from Shivaji University. After that he obtained a Master’s degree in Business Administration from Xavier Institute of Management, India. According to GQ, Ravi Kumar S got a bonus of about Rs 6 crore while joining Cognizant. His annual salary was $7 million (about Rs 57 crore). This is almost four times more than Mukesh Ambani’s 2020 salary (Rs 15 crore). Not only this, Ravi Kumar S also got share returns of $5 million (about Rs 41 crore) as a one-time hire award. Let us tell you that Mukesh Ambani has not been taking salary for the last several years.
User reaction – Will have to stay alive with the help of tea-Maggi and hope
People have written on social media that when I forbade my younger brother to spend time on mobile, he said that people are earning crores by making reels. Buying expensive cars and houses. You go and do your studies and get a job. A user jokingly wrote that Rs 2.5 lakh annual salary is too much. What will an engineer do with so much money. After PF deduction, you will have 18 to 19 thousand rupees in your hand. With this, you can buy a few packets of Maggi after paying the rent. Maybe Cognizant is doing some research, in which it is being found out whether people can survive on the basis of tea and hope or not.
CEOs are earning hundreds of times more than employees
In the IT sector, the salary gap between senior officials like CEOs and employees is continuously increasing. CEOs of companies like Infosys, Wipro and HCL have included their names in the list of top management people earning the highest in the country. On the other hand, thousands of people are being laid off in the name of cost cutting. Infosys CEO Salil Parekh’s salary is 700 times that of employees, HCL CEO C Vijayakumar’s is 700 times, Wipro’s former CEO Thierry Delport’s is 1700 times and in Accenture, it is 633 times. Narayana Murthy (NR Narayana Murthy) had also said that the salary of a CEO should not be more than 40 times that of the employees.
Applications invited from candidates of 2024 batch
X page Indian Tech and Infra posted about the job on social media and wrote, ‘Cognizant has announced an off-campus mass hiring drive welcoming applications from candidates of 2024 batch. Last date of application is 14 August and package is Rs 2.52 lakh per annum. This post was shared on 13 August. After sharing the post, it has been viewed more than 1.5 million times. This number is increasing continuously. Many people liked this post and also made fun of it in the comment section.
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