Accenture hike percentage

Accenture will not be paying accenture hike percentage 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.

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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

Fill in your details: Will be displayed Will not be displayed Will be displayed, accenture hike percentage. 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.

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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. Accenture has just announced that starting December, 80, employees will be promoted, and their salaries will be hiked. Among these promotions, a record 1, are working as managing directors and as senior managing directors in Accenture. The promotions happened for employees in US, Europe, India and other locations where Accenture is currently present.

Accenture hike percentage

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Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! Based in Bengaluru, he writes on mobility, infrastructure and start-ups. Information Tech IT. Yes, Continue. Mint Premium View Less -. Avail Offer. Follow us. 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. ET Soonicorns Summit. 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. Font Size Abc Small. 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. Rate Story. Already a Member?

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 Some of the key increments announced are:. Junior employees are getting the maximum hikes to attract new recruits.

Blockchain 5 Stories. Home News Business. Wait for it… Oops! Your Reason has been Reported to the admin. Tools and Calculators. This is an exclusive story available for selected readers only. Font Size Abc Small. This will alert our moderators to take action. IT consulting major Accenture has communicated to its employees in India and Sri Lanka that they will not not receive hikes for the fiscal year following adverse macroeconomic challenges. ET Soonicorns Summit. He is a Ramnath Goenka excellence in journalism awardee. Edtech 6 Stories. Sign In now. Discover the latest business news , Sensex , and Nifty updates. More Menu.