Cognizant Appoints New Global Head Of Talent For Shaping Enterprise Talent Strategy [Updated]
It’s high time for Cognizant to step up to curb the attrition rate! IT services giant Cognizant reports the highest attrition among its peers at 33%.
Soma Pandey, the new Head of Workforce Management of Cognizant, entrusted for leading and creating the company’s talent strategy according to a release.
Soma Pandey- Cognizant’s New Head Of Workforce Management
Becky Schmitt, Chief People Officer, Cognizant, said in a statement, “We are excited to welcome Soma to the Cognizant family at a time when we are investing in the career growth and engagement of our talent more than ever. I look forward to how Soma will foster our distinct, high-performance culture, accelerate careers, drive engagement, and empower new-age leadership capabilities that will engineer impact for our clients.”
Becky Schmitt, Chief People Officer, Cognizant, said in a statement
“Given our focus in recent years on accelerating pressure hiring in India, we’ve made meaningful progress on addressing our pyramid. In the fourth quarter, we expect to make offers to 45,000 new graduates in India for onboarding in 2022. Retention and recruitment have our leadership’s full attention,”
CEO Brian Humphries said during the earnings call in October.
Cognizant Initiative To Curb Attrition Rate
Employee retention is likewise a high priority for the organisation.
To combat attrition, Cognizant has allocated bigger bonuses, wage raises, and promotions to retain staff amid a fight for talent across the digital industry.
As of now, TCS reports with 11.9% attrition rate whereas Infosys with 20.1%. Notably, the company added 17,200 new employees in the July-September quarter taking the total headcount to 3.18 lakh.