Accenture hike percentage

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Accenture will not be paying out hikes to its employees in India and Sri Lanka in except where it is legally mandated or where it has committed to it in critical skill areas, country managing director Ajay Vij said in an email to employees, a copy of which Moneycontrol has accessed. Accenture has over 3 lakh employees in India. In March , Accenture announced it was laying off 19, employees. Vij said the company experienced a macro environment that was more challenging than anticipated at the beginning of the FY23 fiscal year, and growth was lower than planned. The Dublin-headquartered IT giant, which follows a September-August financial year, reported mixed numbers last quarter, and its guidance for FY24 was the second-lowest among the beginning of year guidance in the past 16 years.

Accenture hike percentage

The Indian information technology IT sector faces a softer quarter hit by global macroeconomic headwinds, with companies adopting diverse strategies to deal with the evolving demand trends of the industry. While Accenture has announced that it will skip salary hikes for India and Sri Lanka employees, TCS will make per cent variable pay for 70 per cent of its employees. Here's what the two IT majors announced for the quarter-under-review:. Accenture: The leading IT giant has sent an email to employees that it will not be providing salary hikes to its employees in India and Sri Lanka in , except in cases where it is legally mandated or committed to in critical skill areas, according to a report by news website Moneycontrol. Country managing director Ajay Vij wrote in the email that the company experienced a macro environment which was more challenging than anticipated at the beginning of FY The Dublin-headquartered IT giant, which follows a September-August financial year, reported mixed numbers last quarter, and its guidance for FY24 was the second-lowest among the beginning of year guidance in the past 16 years, according to the report. The company is also heavily reducing its promotions. Upto the level of Associate Director level 5 , the company said it will reward promotions in December as scheduled, but it will be lower than last year. Accenture has 13 levels, with 13 being the lowest and 1 being the highest. For levels 1 through 4, promotions have been postponed till June Also Read: Accenture results leave IT investors between hope and despair. TCS: India's largest software services exporter declared that it will make per cent variable pay for a majority of its employees for the quarter ended September The IT major reported a rise of 8.

Upto the level of Associate Director Level 5the company said it will reward promotions in December as scheduled, but it will be lower than last year. Accenture skips pay accenture hike percentage, reduces bonuses and promotions in India, Sri Lanka According to an email to employees, which Moneycontrol has accessed, the company experienced a macro environment that was more challenging than anticipated at the beginning of the FY23 fiscal year, and growth was lower than planned.

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Accenture hike percentage

And the exact number of Indian employees being promoted is not confirmed. Leading IT services and software company Accenture has announced promotions and salary hikes across their organization, for the eligible employees. Around 80, employees have received such promotions and salary hikes across all their campuses, globally.

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This is an exclusive story available for selected readers only. Fintech 9 Stories. Sign In to Read for Free. Unlock a world of Benefits! Podcasts View Less -. Sign In now. Prime Account Detected! While Accenture has announced that it will skip salary hikes for India and Sri Lanka employees, TCS will make per cent variable pay for 70 per cent of its employees. Next Story. Newsletters Full Stack. My Account. You are already a Moneycontrol Pro user. Related stories. Read Today's Paper. Accenture will not be paying out hikes to its employees in India and Sri Lanka in except where it is legally mandated or where it has committed to it in critical skill areas, country managing director Ajay Vij said in an email to employees, a copy of which Moneycontrol has accessed.

Accenture, one of the largest global professional services companies, has announced Accenture Salary Hikes for for its employees across all levels for the fiscal year

You are now subscribed to our newsletters. Tech Top 5. Exclusive invites to Virtual Events with Industry Leaders. Newsletters Full Stack. The Dublin-headquartered IT giant, which follows a September-August financial year, reported mixed numbers last quarter, and its guidance for FY24 was the second-lowest among the beginning of year guidance in the past 16 years, according to the report. In an email sent out by the country, managing director Ajay Vij said that employees will get individual annual performance bonuses where applicable although they will be significantly lower than the previous year due to the company's performance setback. Accenture has 13 levels, with 13 being the lowest and 1 being the highest. Home News Business. Christin Mathew Philip is an Assistant editor at moneycontrol. In March , Accenture announced it was laying off 19, employees. Continue reading with one of these options:. Your session has expired, please login again. Nifty 22, Podcasts View Less -.