Cognizant says entry-level annual pay for engineers at Rs 4-12 lakh; best in industry

Facing social media backlash over the Rs 2.52 lakh annual salary offer for freshers, IT giant Cognizant on Sunday said it offers Rs 4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders.

The firm also faced social media ridicule for doling out annual salary hikes of as low as 1 per cent, but what is being quoted is the lower band of the 1-5 per cent annual increments that the firm has dished out based on individual performance.