Cognizant offers annual salary hikes as low as 1%

Amid controversy for offering decadal-low pay packages to freshers, Cognizant Technology Solutions is said to have handed out annual salary hikes as low as 1% to some of its employees as the global technology services giant rolled out increments after deferring them by four months.

The hikes are as low as 1% and the highest is said to be 5%, at least two people aware of the development told ET on the condition of anonymity.