Accenture hike percentage

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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.

Accenture hike percentage

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. 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. Last quarter, HCLTech said it was skipping the salary hikes of senior management level staff, and deferred the payhikes of junior employees by a quarter. Wipro has also pushed its salary hikes from September to December , and Infosys has yet to roll out the salary hikes initially slated for April and July. Discover the latest business news , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! Home News Business. Accenture skips pay hikes, 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. Related stories.

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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. 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. In alone, more than 1.

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You can find him on Twitter here: twitter. 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. He is a Ramnath Goenka excellence in journalism awardee. Wipro has also pushed its salary hikes from September to December , and Infosys has yet to roll out the salary hikes initially slated for April and July. Rs 49 for 1st month. Login Now! 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 Catch all the Corporate news and Updates on Live Mint. Market Research. Based in Bengaluru, he writes on mobility, infrastructure and start-ups. Prime Account Detected!

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:.

Avail Offer. He is a Ramnath Goenka excellence in journalism awardee. Already a Member? Follow us. Tech Bytes. Web Stories. 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. Edtech 6 Stories. Related stories. Also Read: Accenture results leave IT investors between hope and despair.