Search:
search button
MWN - IT Advisory
 
4 posts
19.03.9
BCG & McKinsey still hiring in US??
 
4 posts
13.03.9
Pay Cuts, Reduced Working ...
 
9 posts
15.03.9
interview expenses
 
19 posts
10.09.9
Need help on Dealing with Sponsors
 
2 posts
12.03.9
IBM Info Please
 
15 posts
21.03.9
Best 20 Big Companies to work for 2009
 
6 posts
13.03.9
McKinsey test/interview
 
1 posts
12.03.9
Pre-MBA Experience
 
19 posts
18.03.9
MBA advice
 
9 posts
12.03.9
Is the new package proposed from ACN teh same as the first round of redundancies?
 
3 posts
11.03.9
Grant Thornton
 
4 posts
14.03.9
genuine advise needed, ACN.
 
1 posts
10.03.9
genuine advise needed, ACN.
 
22 posts
15.03.9
Property Prices - What next?
 
4 posts
09.03.9
whats ZB's real job?
 
6 posts
11.03.9
1st round Accenture voluntary redundancies
 
10 posts
18.03.9
Deloitte Transfer advice
 
3 posts
10.03.9
A.T. Kearney (ATK)
 
4 posts
14.03.9
PA Bonus 2008
 
31 posts
25.07.9
McKinsey & Co?
 
14 posts
10.03.9
PWC Healthcare practise
 
4 posts
09.03.9
How long have you been a consultant for, how much have you made/saved?
 
37 posts
18.03.9
should i take this job
 
4 posts
07.03.9
Technical role in GS or consulting?
 
19 posts
12.03.9
RENOIR Assessment day
 
17 posts
11.08.10
More ACN redundancies
 
27 posts
09.03.9
Operational or HR Consulting? (at a junior level)
 
2 posts
05.03.9
"Intellectual" capital
 
2 posts
06.03.9
CapGemini
 
22 posts
07.07.9
Advice on EY BAS
 
9 posts
08.03.9
Excel 2007 & Powerpoint 2007
 
13 posts
06.03.9
Nokia Siemens Networks
 
2 posts
22.03.9
Best place for sickies?!
 
21 posts
19.10.10
Revealing salary details to recruiters?
 
28 posts
09.03.9
Automotive Industry _ Lean Manufacturing, Six Sigma and TRIZ specialist
 
1 posts
03.03.9
smaller consulting firms
 
1 posts
02.03.9
Transition to client from Accenture
 
7 posts
03.03.9
Healthcare consulting
 
3 posts
04.03.9
Accidenture leave or wait?
 
62 posts
20.03.9
PwC salary cuts and redundancies
 
8 posts
12.03.9
Deloitte Strat HCLS practice
 
8 posts
01.03.9
A Level UCAS Points
 
8 posts
06.03.9
Is it not feasible?
 
1 posts
27.02.9
PwC Interview Prep sources
 
9 posts
12.03.9
how difficult is to get to consulting?
 
1 posts
27.02.9
which Bain offices are doing Energy
 
4 posts
26.02.9
TC Guide to Consultancies
 
2 posts
26.02.9
Efficio
 
4 posts
05.03.9
Coping with micro-managers
 
14 posts
02.03.9
 

More ACN redundancies

 
forum comment
#0 More ACN redundancies
 
joe
06.03.9 00:00
 
So ACN have announced another 600 redundancies today. Discuss.
 
Reply

Reply

 
 
forum comment
#0 RE: More ACN redundancies
 
acner
06.03.9 00:00
 
Hardly surprising to be fair - I honestly have to say that I'm not bothered if I stay or get shown the door - both are good options for me at the moment.... we shall wait and see.
 
Reply

Reply

 
 
forum comment
#0 RE: More ACN redundancies
 
anon
06.03.9 00:00
 
Uncle thomlinson just annouced 600 to go from consulting and solutions.this will be concluded by either by 1st May or by 1st July (my gutfeeling!)Guys any gutfeeling what will be the VR/CR package this time??and BTW howz job market, is it worth taking VR at this time....regds
 
Reply

Reply

 
 
forum comment
#0 RE: RE: More ACN redundancies
 
anon
06.03.9 00:00
 
I believe the VR package should be the same. There could be potential legal implications if there is significant difference? Any legal experts out there?
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: More ACN redundancies
 
KWP
06.03.9 00:00
 
If you would have read the QA document on the sharepoint you will see it says this will be done by June.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: More ACN redundancies
 
anon
06.03.9 00:00
 
How many people, in total, work in the areas targeted for redundancy? I'm trying to work out what percentage of employees will get the axe.Also, do people think they'll wait for the outcome of year end reviews (May / June) to make final decisions given that last time performance review ratings effected the decision.
 
Reply

Reply

 
 
forum comment
#0 RE: More ACN redundancies
 
Tim
06.03.9 00:00
 
Management really got it wrong this time.... They mentioned that there appeared to be a softening as they were closing last year's round... but the ECF said we shouldn't take it in to account when offered the chance to increase the numbers... struggle to see the logic for that, now more disruption and uncertainty for something that most people could have predictedCan't understand why 3 months is needed again to repeat what we did 5 months ago either ??? Short and quick process and get it over and done with!Morale is really rock bottom now...if it wasn't before after the promotion round - why did we even bother having one.
 
Reply

Reply

 
 
forum comment
#0 RE: More ACN redundancies
 
anom
06.03.9 00:00
 
so lots of cuts over the past 6 months, exactly how may SEs have been asked to leave?????
 
Reply

Reply

 
 
forum comment
#0 RE: More ACN redundancies
 
Ben
06.03.9 00:00
 
I'm wondering if they will offer sabbaticals or flex-leave this time round as some of the other firms have done (ie. take x months leave with 30% salary). That problem a lot of consultancy firms faced in the 2001 tech crash was not having enough resources when the economy picked up again after cutting their workforce.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: More ACN redundancies
 
anon
07.03.9 00:00
 
Management cocked it up last time around by offering VR. What happened was that anyone who was half decent took VR and have now gone away with a nice pay out and most likely had a job lined up before they actually left.This time around I would be very suprised if they open it to Volunteers, instead they will get rid of the people who they should have got rid of first time around in addition to those people who are perpetually on the bench in the firm.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: More ACN redundancies
 
mr. bla
07.03.9 00:00
 
what one should be doing in order to get short-listed in the 'to go' list ? given the current morale, getting 4-6 salaries and go home would't be a bad idea at all... I understand that the package is calculated gross-based but net paid up to £30k that that would give more or less until end of the year to find an other job, when btw hopefully economic will be better.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: More ACN redundancies
 
anon
07.03.9 00:00
 
Last VR round, Accenture REJECTED applications from the Top rated people so they DID NOT lose their best people - they're not completley stupid!! All those that were Consistent, Below and probably some Above applications were successful. Any redundancy pay under £30 is Tax free.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: More ACN redundancies
 
The Mann
07.03.9 00:00
 
Out of 600 jobs how do you reckon it will cascade down in terms of numbers? Between MCIM & Solutions. Between specific service lines and OGs.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: More ACN redundancies
 
me
07.03.9 00:00
 
anon, great answer. but if one would be well rated within their range, any idea on how to nicely force to be offered the VR?
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Be like me
07.03.9 00:00
 
Aim to spend lot of time on the bench and most likely you will be counseled out....
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
UK M on the bench
08.03.9 00:00
 
hi guys, good points raised. but here it is one situation. joint the firm 12 months ago as a M, been chargeable for 9 non-stop months, but since Jan the economic is horrible and i cant get a next role. plenty of people like me sitting on the bench for 12-16 weeks and the size of the bench is to increase... no projects in the short-horizon (4-6 weeks)... someone mentioned that a way to get out is to stay long on the bench and they will kick you out... but in this new scenario, how long is 'stay longer' on the bench ? and what to expect in terms of salaries for councelling out ?
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Frk
08.03.9 00:00
 
"Counselling out" is different from redundancy.It's when you're given the choice between resigning in a dignified fashion vs. being put on a "performance improvement plan" then being fired when you fail to meet it.The counselling takes the form of helping you see that the rational choice is to resign and leave on a relatively positive note, with your pride, reputation and network intact. An extra month's pay whilst you cling on desperately isn't generally worth it.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
DEE
08.03.9 00:00
 
Do you get the same sort of package to be counselled out?
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Four Seasons
08.03.9 00:00
 
No, you either resign or are fired, so redundancy terms do not apply.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
haha
08.03.9 00:00
 
Even if you get fired as long as is not for anything bad like then they will have to give you the redundancy package mr four seasons
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
anon
08.03.9 00:00
 
so for example, if you are counselled out due to lack of chargeability but your performance in general on projects is fine, you can get around £12K as an analyst/£16K as a consultant?
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Bill
08.03.9 00:00
 
The definition of "fired" is involuntary performance-based termination. It is non-voluntary, non-redundancy, non-retirement. There are no good reasons for being fired - by definition, all are "bad" and therefore ineligible for redundancy-style payouts......unless you're FTSE 100 chief exec :-)
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: More ACN redundancies
 
anon
09.03.9 00:00
 
to the chap who wrote:"Last VR round, Accenture REJECTED applications from the Top rated people so they DID NOT lose their best people - they're not completley stupid!! All those that were Consistent, Below and probably some Above applications were successful. Any redundancy pay under £30 is Tax free."Factually, you are incorrect. They did allow a large number of top rated candidates leave, I know this for a fact. I know a significant number of other people who also had at the top or sig above ratings who also had their applications for VR accepted. I'm not sure who you speak to in the business, but if you speak openly with any senior SE's they will admit that they lost too many good people in the last round of VR and CR's....also, your comment about ANY pay out under £30k being tax free is incorrect, you need to look at the detail of the arrangement of the redundancy package as you will find that most people will have to pay tax on a proportion of the pay out.... its all on the calculator that they sent out.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Anonimator
09.03.9 00:00
 
If you get councilled out you get paid off ! Councilling out is actually illegal so they payment you receive is based on what you would receive at a tribunal. Its roughly the same as the VR offer !
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Anonimator
09.03.9 00:00
 
I would doubt if anyone will be getting councilled out anytime soon. I think all of those people left before the VR round.Not sure what the impact of the mid-year would be but no-one with 'very top' will be getting councilled out.Also, Being councilled out is not being 'fired' it is reaching whats called a 'Compromise Agreement' and takes the form if 'I agree to walkaway without prejudice for £x amount of money'I would also presume that the 2nd round redundancies are generally CR not VR.But don't listen to me I took VR last time round ! HAHA
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Legal Counsel
09.03.9 00:00
 
"Counselling out" only leads to compromise agreements in a tiny proportion of cases where somebody is so bad/has such a corrosive influence that the firm can't afford to wait for the performance improvement and dismissal process to run its course. Counselling out is used when there is a clear reason of performance or competence to remove staff. Redundancy is used where staff performance is acceptable but business circumstances dictate a reduction in force, and it is also a convenient time to get rid of staff where it is too difficult to conclusively prove incompetence/dishonesty.
 
Reply

Reply

 
 
forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More ACN redundancies
 
Anonimator
09.03.9 00:00
 
ACN uses the 'compromise agreement' in almost all circumstances of being councilled out and almost all staff being councilled out receive a payment as they have grounds for 'unfair dismissal' as the due process has been side-stepped.Anyway, It is probably not relevant here as the firm is using the redundancy process, Of which I would imagine most to be CR.For those people who received 'at the top' in your mid-years I can understand you being pissed off but you are unlikely to at the top of the CR list I'm afraid, The forced distribution model means there are people out there who got CW, A and even below !
 
Reply

Reply

 
Return to the top of page.

ThreadID: 0