Accenture to promote 43,000 employees in India in FY25
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Accenture reset its promotion cycle, shifting it from December to June, citing better visibility of client demand. Due to the transition period, the earlier cycle in December rolled out 30,000 promotions to India-based employees. In the 2024 fiscal year, Accenture promoted 97,000 people globally through June 1, including 702 to managing directors and 64 to senior managing directors. Accenture follows a September-August financial year.
Accenture has over 3.5 lakh employees in India out of the 8 lakh employees it has globally.
Back in December, Accenture rolled out hikes focused on key growth areas and based on the market. 'In June, we will have stay-at-level (salary) increases, including many of those not covered in the December cycle and others in key growth areas. Looking across promotions and stay-at-level increases in FY25, a substantial majority of our people in India will receive a base pay increase,' Vij wrote in the note.
Employees receiving promotions effective June 1 will be informed by their team leads during the May 26-29 period, while individuals receiving hikes will get their notifications on May 29. In fact, Accenture skipped salary hikes for its India-based employees in 2023. Accenture also deferred promotions to those at the levels of MDs and appointing senior managing directors (SMDs) until June last year.
'While our revenue growth improved significantly over FY24, our operating margin—how we measure profitability as a percentage of revenue—contracted compared to the adjusted operating margin for Q2 last year. We are also seeing an elevated level of uncertainty in the global economic and geopolitical environment. Given this, it is more important than ever to remain laser-focused on our clients and running our business with rigour and discipline,' Vij wrote.
The note said that bonus and performance equity rollouts for those eligible will continue to be made as part of the December cycle, and the firm will also continue to evaluate the opportunity for hikes at that time.
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