| Topic Name: |
Accenture pension plan |
| Message Name: |
re: |
| Date Posted: |
01/10/2006 |
| In Reply To: |
The old pension was strictly for AP/Ptr level people. People generally quit at the consultant or junior manager level. Once you got to middle management (AP or first level Ptr), you normally would stay on for the big bucks (this was the pre-IPO days, keep in mind -- the big bucks for making Ptr no longer exists unless you make it to senior or executive management, and that's the same as it is at any large company).
Today, Accenture offers us a 401(K) plan which is generous, but people under Ptr never were offered pensions plans (at least not defined benefit plans). Anyway, most companies are switching to defined contribution plans like 401(K) plans and dropping defined benefit pension plans. There's no profit in it.
The exact words I heard at a community meeting was, "no one retires out of Andersen Cons at the manager or consultant level." What that meant was, most people don't spend a lot of time here except Partner level (remember, this was back at AC when it was a partnership |
| Message: |
Remember that soon, if not already, the majority of Accenture employees will be in Workforces other than Consulting. Those workforces, like Services and BPO, have a pension plan because they operate more like a "normal" company (ie, no up or out, and also no career advancement; at least, no advancement simply tied to years at level as is/was the case with Consulting for years).
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