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CEO Ravi Kumar S announced that because Cognizant reached its "Winner’s Circle" goals ahead of schedule, the company has allocated 100% of the target budget for discretionary bonuses. 100% funding does not mean every employee automatically gets 100% of their variable pay. Instead, it sets the baseline for the following typical distribution:
Top Performers (Rating 5/Outstanding): May receive 100% to 115% (or more) of their target bonus because the pool is full.
Solid Performers (Rating 3/4): Typically receive close to 85% to 100% of their target.

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Normally payout for 5 rating is 110 -120 %.
For 4 95 - 100%
For 3 it is 85-95%

So how will it change for this year ??

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Alright, don't believe a word of it until you actually see the money in your bank account. I mean, even last year, Mr. Dalal was talking about a high single-digit raise for top performers. But then they went and changed what "high performer" even meant – now it's 5 rating for consecutive 2 years. So, yeah, this is probably just a bunch of marketing talk. You can see, especially after Ravi's email yesterday, that Cognizant is all over the news, hyping up this "100% bonus" thing. These people can't be trusted now.

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+1

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Incentive or Bonus as they say depends on 2 things- how company performs and how employee performs. If an employee got 5 rating then the entire incentive amount will be credited this year.

15-25 March

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