Does fixed salary include bonus?
It includes: Base Salary (Fixed Component) Joining Bonus (and Retention Bonus) Performance Bonus (Variable Component)
What is adhoc allowance in salary in Accenture?
Variable allowance/salary: This allowance is linked with individual and company performance. Percentage of variable pay will depend on your appraisal. Special/Adhoc allowance: This allowance is paid for unexpected expenses.
What is Ma in salary slip?
Gross salary = Basic salary + HRA (House rent allowance) + DA (dearness allowance) + MA (medical allowance).
What is statutory bonus actual payout?
The minimum statutory bonus that an employer must pay an eligible employee is generally 8.33\% of the employee’s salary earned during the relevant accounting year and the maximum statutory bonus payable is 20\% of the employee’s salary earned during the accounting year.
What is bonus and statutory bonus?
The Payment of Bonus Act, 1965 provides for the payment of a Statutory Bonus, which is often confused with the incentive bonus paid by employers. Unlike incentive bonus, which is an ex gratia payment, Statutory bonus is a compulsory payment by law.
Is there a joining bonus in the first month salary at Accenture?
This is true that you will get joining bonus in the first month salary. But the variable pay will be give only 8\% (not 18\%) for 1 year. This is based on the default rating as per Accenture.
Does Accenture give 100\% variable pay to employees?
Variable pay also depends upon performance but Accenture is known for giving 100\% variable pay to their employees without any deductions. After this most of the people become the prey of HR and join Accenture, but the truth is something different. Read point 2. 2. This is true that you will get joining bonus in the first month salary.
How does the $1 for $1 match work at Accenture?
Employees can immediately contribute and, after meeting eligibility requirements, receive the $1 for $1 match up to 6\% of contributions. Eligible Accenture employees can contribute up to 10 percent of their salary to purchase Accenture shares at a 15 percent discount.
What are the benefits offered by Accenture?
Your day-to-day. Accenture offers additional benefits and programs including free annual flu shots, a legal services plan, personal excess liability insurance, identity theft insurance, pet insurance, gym membership discounts, and an online mall providing discounts on various retail offerings.