Technology
Accenture Salary Hikes for Freshers: When to Expect Your Raise
When Does Accenture Give Salary Hikes to Freshers?
When it comes to salary hikes for freshers joining Accenture, the timing varies depending on several factors. Typically, Accenture conducts salary reviews annually, often aligning with the company's fiscal year. These reviews usually occur around the end of the fiscal year, which is typically in August, or at the beginning of the new fiscal year. However, the exact timing can differ based on local practices, performance evaluations, and market conditions.
While there's no hard and fast rule stating that a salary hike will be given after a specific period, freshers can expect a hike within their first year of joining Accenture. In some cases, as one new hire described, a salary increase can occur sooner, within just two months of starting. Freshers can look forward to a review approximately one year after joining, based on performance, with the hike typically being effective from the 1st of December.
Bi-Annual Salary Hikes for Eligible Freshers
Accenture offers salary hikes bi-annually for eligible employees, with two main windows: a mid-year hike in June and a year-end hike in December. For freshers, the first promotion is typically automatic until significant issues arise. Promotions generally take around two years to progress from level 12 to level 11. However, ASEs (Application Services Engineers) can also be eligible for mid-year promotions starting from July 1st.
Performance Evaluation and Promotion Timeline
Freshers should generally expect to receive a salary hike within one year of joining Accenture. However, there can be instances where promotions are delayed or not given at all. Here are a few reasons why this might happen:
Remaining in a project waiting for promotion Not being in good terms with your lead Failing to spend enough time in a project Moving from one project to another and having performance managed in the new projectEven if a promotion isn't immediate, mid-year performance reviews typically occur six months after the initial performance cycle. This means that freshers can expect either a 12-month or 18-month timeline for their first promotion and salary hike.
Conclusion
In summary, while salary hikes for freshers at Accenture are typically tied to annual evaluations, there can be variations in timing based on individual and company performance. Stay informed and engaged with your HR department to ensure you receive timely updates and insights regarding your salary and promotion opportunities.