How is rating done in Cognizant?

Cognizant, which has two thirds of its employee base in India announced the bonus payouts on Thursday. The company has four types of rating system which are EA (Exceed All), Exceed Most (EM), Meet All (MA) and Meet Some (MS).

What is a bucket payment?

1) The Cash/Liquidity Bucket: This money is used to pay your bills each month and most likely where your paycheck gets deposited.

What is bucket in banking?

A bucket is a casual term used in business and finance to describe the grouping of related assets into several different categories. The categories can include high-risk securities, such as equity shares, or lower risk securities, such as short-term fixed-income bonds.

How does the Cognizant appraisal cycle work?

Cognizant appraisal cycle works from January to December. The managers share the ratings with the HR approximately by end of December and then a normalization happens before the ratings are announced towards end of February or early March.

Is Bro cognizant giving a hike in the CTC 2021?

Yes bro cognizant is giving hike in 2021 also like a previous year basically it will depends upon the year end appraisal rating if the rating is between 5,4 or 3 then the hike will be provided by cognizant if the rating is 1 or 2 then the hike will be very less like 2–3\% of The CTC.

What is EEA and Em in Cognizant appraisal?

EA: Exceed All – This is the top rating which can be given around 5-10 \% employees. EM : Exceed Most- This is second best rating which gave to around 40-50 \% employees. Cognizant has yearly appraisal system which start from January and End in December.

Can cognizant issue a pink slip to an employee?

In case of MS, Cognizant can issue pink slip for employee. All Salary revision and Promotions are based on this rating system. To put it very short, your performance from Jan to Dec is measured and you will be given one of 1 to 5 scale (1 being the top performance metric) and revealed approximately in April.

https://www.youtube.com/watch?v=juwhVpe6kgA