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Accenture pay raises FY15

 
#1 Accenture pay raises FY15
23/11/2014 13:57

StringEmil

So, Accenture pay raises have been announced (at least in one european country).

0% for consistent with rating. This means half of the employees are not given any raise, so their actual paying power will drop few percents this year due to inflation. Last year consistent with was 1% raise.

Wonder how many will jump the ship finally.

I've also hear rumors about 10% of global MD cut for this year.

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#2 RE: Accenture pay raises FY15
23/11/2014 14:35

presidentbartlet to StringEmil (#1)

So, Accenture pay raises have been announced (at least in one european country).

0% for consistent with rating. This means half of the employees are not given any raise, so their actual paying power will drop few percents this year due to inflation. Last year consistent with was 1% raise.

Wonder how many will jump the ship finally.

I've also hear rumors about 10% of global MD cut for this year.

Also a 50% multiplier on the annual bonus so everyone gets half of their expected annual bonus (where eligible)

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#3 RE: Accenture pay raises FY15
23/11/2014 22:49

agentsmith to presidentbartlet (#2)

50? It was 48%! I got a rise just above inflation for an SA at Manager level.

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#4 RE: Accenture pay raises FY15
24/11/2014 01:02

Frio to agentsmith (#3)

My pay rise was better than expected and higher than most. I really don't understand how it works, one of my colleagues got SA. I got A and got about 1.4% more than him.

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#5 RE: Accenture pay raises FY15
24/11/2014 10:33

agentsmith to Frio (#4)

I think it depends on a mixture of things for pay-rises:

- rating

- level

- time at level

- current salary

So for example if you're an M1 and get an "above" it would be better than getting the same rating at M3. Also if you were an experienced hire and were given a slightly more attractive salary to entice you in, it may be lower even with the same rating to realign across level.

I could of course be giving far to much credit to HR and it could just be a giant tombola.

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#6 RE: Accenture pay raises FY15
25/11/2014 20:53

ACNUK1 to agentsmith (#5)

4% here for SA as a Manager. Glad to see we did well enough to increase the dividend payout, but somehow weren't able to fund the bonus pot fully. I guess something had to give to keep costs down to reward all the pre-IPO partners with their massive stash of shares.

Unfortunately it seems the reward for being loyal is to keep getting marginal pay increases whilst experienced hires negotiate their way in the the top of the band.

Perhaps heading to a competitor for a few years is the way forwards...

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#7 RE: Accenture pay raises FY15
26/11/2014 19:18

Insultant to ACNUK1 (#6)

Isn't it almost always the case that you need to move to get a decent pay rise?

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#8 RE: Accenture pay raises FY15
27/11/2014 17:00

agentsmith to Insultant (#7)

I disagree with that in Accenture (and probably other consultancies). Typically you get rewarded well assuming able to successfully navigate the promotion cycles. If you miss promotional slots or you get a bad rating in the second year at level - then I think you'd do better to move for a more senior, better paid role elsewhere.

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#9 RE: Accenture pay raises FY15
29/11/2014 19:33

TBC to agentsmith (#8)

Out of interested what were the % bonus splits across each of the ratings?

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#10 RE: Accenture pay raises FY15
30/11/2014 23:25

agentsmith to TBC (#9)

Below: 0%

Consistent with: 2.5% - 6.5%

Above: 6.5% - 10.5%

Significantly Above: 12% - 16%

You need to x that figure by the special bonus multiplier. That's when it doesn't look as rosy.

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