Latest news with #AccentureIndia
Time of India
23-05-2025
- Business
- Time of India
Accenture to promote 15,000 Indian employees in June, 43,000 in FY25
New Delhi, Global IT firm Accenture will promote around 15,000 employees in India as part of a global promotion drive of nearly 50,000 staff in June this year. "I am writing to share and celebrate with you that Accenture will promote almost 50,000 people around the world in June, including approximately 15,000 people in India. In total, across all of FY25, more than 43,000 of our people in India will have received a promotion," Accenture India Senior Country Managing Director Ajay Vij wrote in an internal memo to employees, seen by PTI. Accenture follows a September-August financial year. In December, Accenture did some stay-at-level (base pay) increases for some employees. Between June and December, a majority of Indian employees will have got base pay increases. "As a reminder, bonus and performance equity decisions for those eligible will continue to be made as part of the December cycle, and we will also continue to evaluate the opportunity for stay-at-level increases at that time," Vij added. Promotions and base pay increases will be internally communicated to employees between May 26-29. In September 2024, the Ireland-headquartered firm permanently shifted its promotion cycle from December to June, citing better visibility of client spending and demand. "We've now permanently shifted that promotion cycle, so we will do our big promotion cycle in June, and our smaller one in December, to better match when our clients are setting their budgets and we have better visibility, and that's what we're seeing again. "The justification for that is clear that we'll really know IT spending and spending on our services in the budgets in January and February," Accenture CEO Julie Sweet had said during the company's earnings call in September. Accenture is one of the largest employers in the Indian IT services sector , with over 3,00,000 staff. Its global employee count stands at 7,74,000. Accenture reported revenues of $64.90 billion in FY24.
Time of India
14-05-2025
- Business
- Time of India
AI School's in session: India Inc says 'everyone must learn' as machines get smarter
Recognizing AI's transformative power, numerous companies like Vedanta, Schneider Electric, and Accenture India are proactively extending AI training to their entire workforces. These initiatives aim to equip employees with essential AI skills, fostering innovation and ensuring relevance in the rapidly evolving technological landscape. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Call it the need of the hour, a growing number of companies are extending AI training to all employees, rather than a select few, as they seek to stay relevant in the ongoing AI-driven transformation. These include top corporates such as Vedanta Group Schneider Electric , Accenture India, Sap Labs India, Indian Energy Exchange , Sterlite Electric, Resonia, and Serentica Renewables. Some are working in phases to cover their entire is searching for an AI specialist to implement the latest technologies and AI capabilities at the natural resources company. It is also in the process of setting up an AI & digital R&D innovation centre. Schneider Electric is introducing 30 minutes "AI for all" training for all 150,000 Labs India, which upskilled half of its workforce in AI, is now moving forward to train the remainder. Accenture has identified 14 future-fit data and AI practitioner skills for the gen AI Accenture has steadily expanded its data and AI workforce to around 72,000, pushing with its goal of 80,000 by this FY26-end."Success with AI and generative AI requires investing in people as much as in technology," said Mukesh Chaudhary, lead-data and AI, advanced technology centers global network and global delivery lead for data at firm is coaching its AI/ML engineers, gen AI developers, and architects on agentic AI, said is upskilling both functional and leadership roles on AI across operations. "As a leading critical minerals, energy and technology company, we see AI as a key enabler for operational excellence, sustainability, and value creation," said Madhu Srivastava, CHRO, Vedanta. Specific roles include plant managers, process engineers, analysts, automation leads, digital transformation officers, and frontline P&L leaders. Vedanta is giving priority to skills in AI/ML, predictive analytics, generative AI, digital twins, and intelligent automation."We have committed significant investments towards building internal AI & Digital R&D centre, partnerships with global firms & platforms," she R&D wing of SAP, SAP Labs India has multiple skilling programmes like Learning Fest and Joule Agentic Acceleration to equip employees with AI capabilities that can be applied to build real-life solutions, said MD Sindhu Gangadharan, also the chairperson of industry body Nasscom. It also has 'AI Foundation'-an upskilling programme for developers to get hands-on AI expertise. SAP Labs India has over 17,000 companies are also partnering with institutes. For instance, Accenture is collaborating with IIM Bangalore and IIIT prepare for the AI-driven transformation, Indian Energy Exchange has adopted a structured, two-phased approach to upskill its staff. In the first phase, all employees will be introduced to foundational concepts of AI and gen AI, along with real-world applications, said Brijesh Narang, vice president, second phase will focus on function-specific training. In this phase, targeted programmes will be delivered to different strategic business units, Narang AI learning journeys tailored for project managers, engineers, and business analysts will soon be rolled out at Sterlite Electric, Resonia, and Serentica Renewables, said Ruhie Pande, group CHRO. "These will focus on real-world applications such as predictive maintenance, AI-assisted trading, and data-driven decision making."Sterlite Electric is actively investing in AI upskilling through platforms like Sterlite Electric Learning Academy and Sterlite Electric Projects Academy. These are helping employees with foundational and role-specific AI capabilities, she Electric is upskilling its employees on AI through the "Data & AI Upskilling@Scale" programme to familiarise its 150,000 global employees with AI.
