Accenture pays bonuses, plans significant promotions in December cycle
IT major, a Fortune Global 500 company, Accenture has rolled out bonuses to most of its staff working in India, and the company is also planning a significant level of promotions in December cycle.
According to TOI report, Accenture has also hiked salaries of junior and mid-level employees by 6-11 percent.
The company spokesperson said to media “In addition to training, we have given meaningful pay raises and bonuses aligned to our fiscal year 2020 performance. We are planning for a significant level of promotions in our December cycle and remain deeply committed to pay equity,”
The spokesperson did not specify the on the quantum of the bonus payout, hikes and the number of promotions in the offing.
The biannual bonus payout issued to Accenture employees in November was at 75 percent of the target amount, higher than the sum paid in May, sources told The Times of India.
The spokesperson said, “the company continues to hire and we have increased training hours by 6 percent, spending approximately $900 million and leveraging our robust digital learning platforms. Since March 1, 2020, in our technology services alone, we trained more than 70,000 of our people in the hot skills needed by our clients, including cloud and infrastructure collaboration tools,”
Hiring is seeing an uptick at IT services firms following the uncertainty caused by the COVID-19 pandemic. Accenture to hire aggressively in India, aims at 6,000-7,000 campus recruits.
Accenture has been aggressively wooing business in the corporate and government verticals in the country. In the government space, the company has implemented the core biometric identification system for the Unique Identification Authority of India (UIDAI). It is working with India Post on an IT modernization project.