compensation strategy
TRANSCRIPT
Compensation strategy:The Compensation Strategy sets a clear guidance for key remuneration principles in the company. The strategy defines key strategic behaviours and values, which are remunerated. It defines values and behaviour, which are valued and rewarded.The compensation strategy makes the dufference between the focused strategic compensation and a bunch of different non connected compensation components.
Key Components:PAYBENEFITSCareers
Base PayRetirementSkills enhancement
Overtime PayHealthLeadership Development
Short term incentivesPaid time offCareer advancement
Lump sum paymentsIncome protectionPromotion process
Cash profit sharingDeath BenefitsEmployment stability
Long term incentivesWork/Life balanceNature of work
Performance planOther benefit policiesRotations and job enrichment
Equity plans
Compensation Strategy Our comprehensive incentive compensation management approach aligns sales force behaviors with business strategies to achieve revenue growth and cost savings through high performance.
PAY SCALE FOR VARIOUS POSITIONS MECHANICAL ENGINEER
PROFITRs 293,614 - Rs 1,048,963
BONUSRs 2,079 - Rs 83,423
PROFIT DISBURSEMENTRs 1,172 - Rs 64,841
TOTAL PAYRs 295,245 - Rs 1,067,442
PROJECT MANAGER, ENGINEERING
PROFITRs 407,669 Rs 2,231,477
BONUSRs 16192 - Rs 263405
TOTAL PAYRs 451,623 - Rs 2,432,900
TERRITORY SALES MANAGER
SALARYRs 251,303 Rs 921,291
TOTAL PAYRs 256,864 Rs 931,179
ASSISTANT MANAGER, QUALITY CONTROL
SALARYRs 407,669 Rs 2,231,477
TOTAL PAYRs 451,623 - Rs 2,432,900
Total Reward PackageIn addition to basic compensation or salary, "Total Rewards" includes a range of other market-relevant benefits and professional growth opportunities that recognize individual contributions and performance.How will YOU be rewarded?We pay competitive market rates based on your skills and level of responsibility. Compensation is delivered through a combination of base pay, variable pay and equity components. But we also offer other rewards, such as a focus on work/life balance and personal and professional growth opportunities, that are important to our employees.Our goal is to provide a competitive rewards package that motivates, retains and attracts the best and brightest people.A taste of the rewardsFollowing is a sampling of some of the rewards and benefits we currently have in place:Through Celebrating Performance points, performance gets rewarded with points that can be exchanged for tangible products.The Employee Referral Program provides bonuses to employees who successfully refer their friends to Accenture.The Employee Share Purchase Plan is available to eligible Accenture employees. It gives participating employees the opportunity to build equity ownership by purchasing Accenture shares at a discount.
Accenture provides employees with several market relevant benefits and programs, such as medical insurance, bonuses for years of service with Accenture and privileges provided to individuals through Accenture's associations with select organizations.
In India, we also offer our people transportation to and from our offices, 24X7 cafeterias and gyms in our facilities-and importantly, a safe, secure and highly professional work environment.