Cognizant employees get skills premium allowance, says report

IT giant Cognizant has introduced skills premium allowance for its employees to encourage them to build and improve their skills, reported The Times of India.

The allowance has been given this year to 40,000 employees who were willing to expand their knowledge in to newer areas. This includes fields such as machine learning and artificial intelligence, TOI reported on Tuesday.

“Global demand for the skills we specialise in is increasing even as the tech talent shortage is growing. Skills premium allowance is one of the means towards that end and has come to include a wide range of digital skills and growing number of employees. It has helped us make compensation more competitive for associates with niche skills," James Lennox, Cognizant’s global chief people officer was quoted as saying in the report.