Cognizant's New Retirement Policy in India

In a significant move, Cognizant has announced an increase in the retirement age for its associates in India from 58 to 60 years. This policy revision is aimed at aligning with market practices and underscores the company's dedication to attracting and retaining seasoned professionals.

The new policy is inclusive of all associates based in India, including those who have relocated on-site without a change in their payroll. This development marks a departure from the standard retirement age of 58 years observed by most IT firms in the region.

Implications for the IT Industry

This strategic decision by Cognizant could set a precedent for the IT industry, potentially influencing other companies to reconsider their retirement policies to retain experienced talent in a competitive market.