Accenture announces 3-13% salary hikes for the first time in 2.5 years; 50,000 people promoted including 15,000 in India

Accenture, the global IT services giant, has announced pay hikes between 3 percent and 13 percent for staff at Associate Manager level and higher positions, marking their first raise in the last 2.5 years. Accenture is also promoting nearly 50,000 employees globally in June, aiming to lift staff spirits following a half-year postponement caused by reduced consulting service demands.According to internal documents reviewed by Bloomberg, the Dublin-headquartered technology corporation informed employees on Tuesday about the promotions, which include 15,000 staff in India, 11,000 in Europe, Middle East and Africa, and 10,000 across the Americas.The organisation acknowledged the present business climate, noting an "elevated level of uncertainty in the global economic and geopolitical environment."Also Read | ‘Instead of discussing the matter...’: Row erupts over India’s mango exports rejection; authorities say US inspectors did not follow protocolAccording to a Moneycontrol report, Ajay Vij, Senior Country Managing Director, Accenture in India, announced that employees will receive stay-at-level base pay increases, which includes those not covered in the December cycle and personnel in crucial growth sectors. He indicated through email that most of Accenture's India-based staff will get base pay increases before the conclusion of FY25, either via promotions or stay-at-level adjustments.The organisation anticipates promoting over 43,000 employees in India during FY25.The New York-listed organisation faces decreased client expenditure and increased examination of US government contracts under President Donald Trump's administration, which seeks to ensure efficient use of taxpayer funds. Based on its recent earnings report, the company has approximately 801,000 employees, indicating that the June promotions will affect roughly 6% of its total staff.Also Read | Big hit for Indians in the US! How Donald Trump’s steps to curb migration, tax remittances may cost India billions of dollarsThe salary hikes come at a time when the IT industry is facing increased uncertainty under the Trump administration. The Indian IT industry too is facing uncertain times as new US policies emerge.