Webinar :Register now for Commodity Ki Paathshala webinar on ‘FPOs & Agriculture Marketing-The Beginning of a New Era’ on January 22, 4pm
you are here: HomeNewsBusiness

Accenture rolls out bonuses, plans significant promotions: Report

Accenture has also reportedly raised salaries of junior and mid-level employees by 6-11 percent

November 26, 2020 / 02:38 PM IST

IT services major Accenture has issued bonuses to most of its staff in India, and is planning a "significant level" of promotions in December.

Accenture has also hiked salaries of junior and mid-level employees by 6-11 percent, according to a report by The Times of India.

Moneycontrol could not independently verify the story.

"In addition to training, we have given meaningful pay raises and bonuses aligned to our fiscal year 2020 performance. We are planning for a significant level of promotions in our December cycle and remain deeply committed to pay equity," a company spokesperson told The Times of India.

Also read: Tech firms are hiring again and these are the hot skills they're looking for

Close

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

The spokesperson did not specify the size of the bonuses or the number of promotions in the offing.

The biannual bonus payout issued to Accenture employees in November was at 75 percent of the target amount, higher than the sum paid in May, sources told The Times of India.

The Accenture spokesperson also told the publication about the increased focus on training.

"We increased training hours by 6 percent, spending approximately $900 million and leveraging our robust digital learning platforms. Since March 1, 2020, in our technology services alone, we trained more than 70,000 of our people in the hot skills needed by our clients, including cloud and infrastructure collaboration tools," the company told the paper.

Recruitment is seeing an uptick at IT services firms following the uncertainty caused by the COVID-19 pandemic. Accenture has more than 7,000 job openings across Indian cities, Moneycontrol reported on November 24.
Moneycontrol News
first published: Nov 26, 2020 02:38 pm

stay updated

Get Daily News on your Browser
Sections