No pay hike, promotion for Accenture India staff
Financial Express Mumbai|October 13, 2023
US-BASED IT MAJOR Accenture will not be paying out hikes to its employees in India and Sri Lanka this year, except where it is legally mandated and in few critical skill areas.
SAMEER RANJAN BAKSHI
No pay hike, promotion for Accenture India staff

In an internal email to employees accessed by FE, country managing director Ajay Vij said that the company experienced a more-challenging-than-anticipated macro environment at the beginning of FY23, and growth was lower than planned. The firm needed to make some hard decisions around promotions and rewards owing to the numerous headwinds, he said.

Accenture has over 300,000 employees in India. The IT firm had last month reported its first-quarter earnings, which had missed estimates. The company follows a September August financial year, and its guidance for FY24 was the second-lowest among the beginning of year guidance in the past 16 years. It has guided a revenue growth of -22% for Q1FY24 and 2-5% for full year.

هذه القصة مأخوذة من طبعة October 13, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 13, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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