Do cognizant consultants receive annual raises? What are the chances we receive 100% bonus this year assuming we meet utilization targets?

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Exit strategy

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I’ll take that as a negative. Have you worked for cognizant? I’m assuming you have and never received a raise?

I’ve actually heard the opposite. That Brian wants to move to more of a meritocracy with variable comp being a larger portion of compensation.

Not sure about consultant levels, but my target bonus was in my offer letter and my understanding is I’ll get it as long as I’m not underperforming.

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I wouldn’t concern myself with it.

There is always a chance you won’t get your bonus in times of crisis, but as long as the company is performing well (and cutting internal costs are one part of that) our consulting bonuses should be safe.

Damn i just joined so nothing for me

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If you’re looking to leave, why would you recommend for other ppl to hang around? I’m optimistic about the opportunities in my area, but if I got an offer from Accenture I’d be gone yesterday

Yes, they do but it's not much. Receiving 100% of your bonus is tough as it's a quota system and the manager has to fight for you. In order to be considered, you will likely have to work hard, deliver on client work, RFPs, white papers, and recruiting, and have an overall positive impact to engagements. Not surprised from the exit strategy comment as all this work can mean nothing since people are playing favorites all the time.

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Bonuses going forward are going to be either $0 or close to nothing. The new CEO is cutting out any "unnecessary spending". I wouldn't count on any sort of bonus.

I seriously doubt it.

Honestly the segmentation happening right now between “resident” and “advisory” consulting is opening the door to different kinds of incentives aligned to work on different tiers of the consulting food chain.

It makes sense.... if you are a big 4 type of consultant doing big4 type work you get consulting firm like compensation.

If you are a staff aug type tech worker you get comp in line with what competitors in that space like TCS and Infosys pay...

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New CEO cares only about balance sheet for now - atleast for his first two years at Cognizant. Retaining talent is his concern probably from third or forth.

Watch the NY town hall videos posted to the internal website last week.

We missed earnings 2 quarters ago so lots of effort was made to constrain costs. Need to keep in mind that as a public company, Cognizant needs to meet street expectations or there could be drastic measures taken.

I’m glad the cost cutting impact has been more internally focused and minimally impacted consulting thus far.

Funny thing is MBB is advising us regarding talent management, compensation, provision processes, etc.. I think right now we have too many levels, and ambiguity and inconsistency around what is expected at those levels.

Will be interesting see where this all lands...

I’m glad we are taking steps towards fixing this... I know it’s painful, but hopeful we get this all worked out soon....

We already are paying a premium to attract quality talent from big4

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