Wednesday, March 18, 2009

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Accenture BPO looks at single digit pay hikes

Some of the IT and BPO companies are riding against the tide to hand out pay hikes to employees despite the economic slowdown. Accenture BPO turns out to be one but only with rather small increases.

The IT major has handed over raises to some of its middle level staff but is yet to announce the variable pay which is due by the end of March. However, employee promotions are currently on hold.

One employee said, “There is no talk going in Accenture about the variable pay. This means that it would be paid out like it was in the prior years. There was an increase in salary for whom it was due however there is no promotions i.e. movement from one level to the other. Apart from that, variable payout and sub-level movement is happening.”

Last year, Accenture paid a double digit per cent pay rise.

Variable pay is a chunk of an employee’s gross remuneration that is based on his/her annual performance assessment as well as the company’s annual performance.

Sources said, “Everything is not fine but I guess it is trying to differentiate between key resource and discardable resource because hike given to key resource is maximum single digit per cent hike and for others it falls between four per cent to six per cent”.

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