India, March 3 -- Cognizant Technology Solutions Corp will be giving annual salary hikes to employees from August this year, marking the second time it has delayed salary increases by at least five months.

Meanwhile, bonuses to eligible employees will be rolled out in March, according to a Mint report.

The Teaneck, New Jersey-based company usually gives hikes and bonuses around March, but after its new CEO Ravi Kumar took office, bonuses are given in March while hikes are given in August.

The company gave hikes in the range of 1-5% last year. However, the early announcement this year is to possibly control attrition, according to the report.

Attrition, or people leaving the company, rose to 15.9% at the end of 2024 from 13.8% a year b...