After delays, IT companies give double hikes

Many IT companies are giving a second round of salary increases and promotions within months of the previous one. Last year’s salary increment had initially been deferred on account of the pandemic and business downturn. But as business picked up in the second half of the year, increments were given with effect from late last calendar year or early this year. Now, with intense competition for talent, companies are rewarding employees again.

Accenture India, which has over 2 lakh employees, had its annual December increments, bonuses and promotions, and an added round of promotions in February this year. “In April, all our people up through associate director level received a one-time ‘thank you bonus’ equal to one week of base pay for their contributions during this difficult year,” Accenture India told TOI. In December last year, Accenture globally promoted 605 people to MD, and 63 people to senior MD, including a record percentage of women.