| Topic Name: |
pwc vs accenture? |
| Message Name: |
You said it, bro ! |
| Date Posted: |
09/18/2001 |
| In Reply To: |
Looking at the situation 3 months later (here it is now Sept 2001), we see yet another area of comparison between PwC and Accenture.
The usual double-digit merit raises and big double-digit promotional raises that Accenture consultants have been used to have been reduced to 5% - 12% for merit and 8% - 20% for promotional (used to be 15% - 30%). A big cut. The partners, themselves have actually taken a salary CUT.
Nevertheless, these raises still outshine anything we see out in industry and among many of the other MC firms -- and they even beat most of the raises people got back in 1999 and 2000 during the ending days of the hot.com era.
On the other hand, PwC staff seem to be getting NEGATIVE increases (i.e., salary CUTS) across the board -- for the most part, 7% decreases, even for people who received promotions this year (more responsibility, less pay).
Yes, there was a small (1 1/2% of consulting staff) layoff at Acc this month, but it was very small and the severance was very generous-- plus everyone was handed hundreds of shares of ACN stock as they went out the door. PwC and other firms have seen much bigger layoffs (well beyond the typical 'pruning' of underperformers that almost all firms do each year). I heard that some of the PwC employees are organizing a one-day "job action" sometime in early October. They must be VERY angry!
Times are tough, but I think times are tougher at PwC than at Acc. |
| Message: |
You have to ask yourself, when things get tough which firm takes care of their people better?
Forgetting for a moment that Acc and PwC are in completely different "tiers" -- during normal times you'd take Acc over some Big 5 like PwC -- from everything we've seen, it looks like Acc bends over backwards to minimize the negative effect of hard ecomonic times on their staff. Even that "1 1/2 %" that you mentioned, they were handed stock units in the firm as they went out the door, not to mention continued company paid benefits for a short time after their terminations. It was also made clear that this was NOT a performance-related termination and, even within the termination agreement that they had to sign, it was implied that the firm hopes they will come back once the economy rebounds.
So I have to agree with Uncle Art.
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