Accenture Salary Hike: 3–13% Increments Rolled Out For Level 8 And Above After Two-Year Gap

Accenture Salary Hike: 3–13% Increments Rolled Out For Level 8 And Above After Two-Year Gap

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Accenture has experienced a rebound in revenue growth throughout FY24, with broad-based growth across markets, industries, and various client needs.

Accenture Salary Hike: IT firm increases increment by 3 to 13% for level 8 and above employees.

Accenture Salary Hike: Accenture, a global IT firm, has implemented salary increases between 3 percent and 13 percent for employees at the Level 8 (Associate Manager) tier and above. This marks the first salary increment in over two years, reflecting a cautious optimism amidst ongoing global economic and geopolitical uncertainties.

Despite the double-digit hike for some, the response from employees has been lukewarm due to the prolonged wait for these adjustments. Accenture’s decision follows the announcement of its Q2FY25 results on March 20, where it raised the lower end of its annual revenue forecast, driven by rising demand for AI-integrated tools in client operations.

Performance Cycle And Promotions

The salary hikes are part of Accenture’s June performance cycle and coincide with promotions for nearly 50,000 employees globally, including around 15,000 in India. An internal communication from Ajay Vij, Senior Country Managing Director for Accenture in India, revealed that over 43,000 employees in India are slated for promotion in FY25.

Base Pay Adjustments

Vij also mentioned in the email that many employees not covered in the December cycle, as well as those in key growth areas, will receive base pay increases. By the end of FY25, the majority of Accenture’s workforce in India will have received a base pay adjustment, either through promotions or stay-at-level increments.

Comparison with Indian IT Firms

In comparison, Indian IT giants Tata Consultancy Services (TCS) and Wipro have postponed their wage hikes. TCS has deferred wage increases, citing business environment considerations, while Wipro will determine wage hikes closer to the date.

Revenue Growth and Margin Pressure

Accenture has experienced a rebound in revenue growth throughout FY24, with broad-based growth across markets, industries, and various client needs. However, operating margins have faced pressure compared to the same period last year, as noted by Vij.

Accenture, headquartered in Dublin, employs around 800,000 people globally.

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