<\/p>
Accenture has revised the way it delivers salary hikes, splitting approved increments equally between base pay and a one-time lump-sum payout in an effort to extend salary increases to a larger pool of employees.<\/p>
The new structure will be implemented as part of the company’s June compensation cycle and applies to its global workforce, including around 3.5 lakh employees in India.\u00a0<\/p>
Under the revised compensation framework, employees receiving approved salary increases will get 50% of the hike as a one-time cash payment in June, while the remaining 50% will be added to their base salary.<\/p>
According to an internal memo, the move is aimed at providing employees with more immediate cash while enabling the company to offer base pay increases to a broader group of staff, PTI <\/em>reported.\u00a0<\/p> The company said it had offered only limited “stay-at-level” salary increases last year but has adopted a different approach this year by significantly increasing the number of eligible employees and splitting the payout between permanent base pay and a lump-sum payment.\u00a0<\/p> Promotion-linked salary increases, however, will continue to be fully reflected in base pay, while the one-time payout will remain separate from the annual bonus cycle held in December. Compensation decisions will continue to be based on employees’ skills, performance, impact and behaviour.\u00a0<\/p> For instance, an employee approved for a 3% salary increase will see 1.5% added to base pay, with the remaining 1.5% paid as a one-time lump-sum amount in June.\u00a0<\/p> The revised structure has drawn mixed reactions from employees, with some seeking clarity on whether the arrangement is a one-time measure and on the tax treatment of the lump-sum component.<\/p> <\/div> #Accenture #rolls #pay #hike #model #balancing #base #salary #onetime #payouts1784474172<\/p> ","protected":false},"excerpt":{"rendered":" Accenture has revised the way it delivers salary hikes, splitting approved increments equally between base pay and a one-time lump-sum payout in an effort to extend salary increases to a larger pool of employees. The new structure will be implemented as part of the company’s June compensation cycle and applies to its global workforce, including […]<\/p>\n","protected":false},"author":1,"featured_media":11976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[47265,47266,2659,1038,411,38051,2822,21393,189,3013],"class_list":["post-11975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-accenture","tag-balancing","tag-base","tag-hike","tag-model","tag-onetime","tag-pay","tag-payouts","tag-rolls","tag-salary"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/11975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11975"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/11975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/11976"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11975"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}