Accenture has changed how it gives salary increases. A raise will now come as a small base pay hike plus a lump-sum bonus paid in June, so employees get cash faster and more people can see a base pay hike.
Under the new plan, a 3 three per cent hike means 1.5 per cent is added to base pay and 1.5 per cent as a June bonus. Accenture says this balances quick cash with long-term pay growth. Promotion-related raises will still go fully into base pay, and the June bonus is separate from year-end performance bonuses in December.
This update comes with Accenture’s first company-wide pay raise in about 2.5 years. For India, employees at associate manager level and above are seeing hikes between three per cent and 13 per cent. The June cycle also includes about 50,000 promotions worldwide, approximately 15,000 in India, 11,000 in Europe, the Middle East, and Africa, and 10,000 across America. That accounts for close to six per cent of Accenture’s global workforce of around 8,01,000.
The firm is reportedly extending “stay-at-level” base pay increases to many who missed the December round and to personnel in critical growth domains. Ajay Vij, senior country managing director for Accenture in India is reported to have shared that the majority of Accenture’s India employees should see a base pay change by FY25-end, either via promotion or direct adjustment.
Leaders will continue to set pay based on skills, performance, impact, and behaviour.
Accenture is clearly taking a careful approach due to global economic and geopolitical uncertainty, even while still protecting cash flow and supporting key talent.
