Cognizant, a multinational corporation that provides IT services, consulting, and business process outsourcing, has a notice period policy for its employees. A notice period is the time between an employee’s resignation and the last working day at the organization. In this blog, we will discuss Cognizant’s notice period policy in 2023 and its impact on employees.
Cognizant Notice Period Policy:
Cognizant’s notice period policy in 2023 remains the same as in previous years. The standard notice period for most employees is 90 days, which means that an employee has to serve for 90 days after submitting their resignation letter. However, there are exceptions to this rule, such as employees who work in certain critical roles or have signed contracts with different notice periods. In such cases, the notice period may vary.
Impact on Employees:
The notice period policy can have both positive and negative impacts on employees. On the positive side, the notice period gives employees time to complete their ongoing projects, handover their responsibilities to their colleagues, and tie up loose ends. This ensures a smooth transition for both the employee and the organization.
However, on the negative side, the notice period can be a stressful period for employees. The employee may feel demotivated and disconnected from their work as they know that they will be leaving soon. Additionally, the employee may feel that their contributions are no longer valued, which can impact their morale and performance.
Furthermore, the long notice period can also delay the employee’s job search. Many companies require candidates to join immediately or within a short period, which can make it difficult for employees to secure new job opportunities. This can be particularly challenging for employees who are dissatisfied with their current roles or facing personal challenges.
Alternatives to Notice Period:
In recent years, many companies have started to move away from the traditional notice period policy. Also, adopted alternatives such as garden leave or payment in lieu of notice. Garden leave refers to a situation where the employee is asked to stay away from work during the notice period but is still paid their salary. This allows the employee to focus on finding a new job without the stress of continuing to work in their current role.
Payment in lieu of notice refers to a situation where the employee is paid for the notice period but is not required to work during that period. This can be a win-win situation for both the employee and the organization as the employee receives their salary without having to work, and the organization can find a replacement sooner.
Conclusion for Cognizant Notice Period Policy:
In conclusion, Cognizant’s notice period policy in 2023 remains the same as in previous years. The notice period policy can have both positive and negative impacts on employees. While it provides employees with time to complete their work and ensure a smooth transition, it can also be a stressful period and delay job search. Therefore, companies should consider alternatives to notice period such as garden leave or payment in lieu of notice to make the transition smoother for both the employee and the organization.