If you are fired for being benched too long, does ACN offer you severance?

like
Posting as :
works at
You are currently posting as works at

That's a layoff. There is a policy and I know you get at least 2 weeks but think it depends on years at company.

like

Yes.. .severance varies by level and time in acn. Check the policies..its all there

like

Depends. If it is an official "layoff" due to market conditions, yes. That was happening towards the end of 2015, and I know some people who got severance. However, if projects won't staff you when there are roles available, you can get terminated for cause. That does not come with a severance. But, both are actually rare. Keep working the staffing process. Talk to your TFS and CC a couple of times a week and be applying for roles every day to show you are trying. Be willing to do just about any role, and you will be fine.

like

Only if you are in the bench because you rolled off a climate change denier's project.

like

Good information, thanks

It's not that rare in Strategy, up or elsewhere... I think it's 2 weeks per year of service

Related Posts

Recently laid off, and struggling to land interviews. Anyone have tips or tricks on how to get an independent consultant role?

Which Big 4 has handled Layoff, Bonus, Hikes etc during Pandemic ( From March of this year till date). Also which Big 4 would be good Firm to join in future ? I am from Tech Consulting services , please vote. 1. Pwc 2. EY 3. KPMG 4. Deloitte

like

Why do I feel the I’m going to get fired after being sick and OOO but WFH?

like

Would sneezing on a Partner by accident get you fired? Asking for a friend.

likefunny

When someone gets fired/laid off but they keep their previous title/agency on LinkedIn, does anyone ever tell them to change it?

like

Do you think it is quite possible to get fired by asking too many questions as an experienced senior 1? If so, i might get fired after this busy season.

funnylike

Question for the more seasoned consultants, these layoffs and overall downturn in our industry, is it an annual cycle? Or is this abnormally bad

like

How has COVID been impacting your personal life (e.g., childcare management, cabin fever), your firm and/or clients beyond WFH (e.g., layoffs, funding, project delays, unpaid leave, etc.)?

like

With all these talks about layoffs, do you guys have any advice for when that time comes (negotiations around benefits, pay, prolonging it, etc.)? -Hasn't happened to me but I'm curious

like

Who else has been laid off recently and is unsure of when they'll next see a pay check?

like

My partner (along with his team) has been laid off from an equity research role. He is on H1b visa and has until end of February to find a new job otherwise he’ll have to leave the country. I would be very grateful if someone knows of any sell-/buyside investment analyst opportunities and can refer, please. Years of experience: 9yrs. Always been with II-ranked teams and twice voted rising star. Thank you very much for your time and consideration.

like

The more pedestrian your intellect, the better fit you are at D Heard of a colleague with an FRM charter being laid off today. Overall excellent person. And you won't believe who they promote year after year.. the character, curiosity and quality of the lifers Don't join this firm if you for a love of learning and to be inspired. Join if you are a middling who wants a good brand to hack ahead in life and rise above your station

likefunnysmart

When do Q4 layoffs typically start? Right away or at end or throughout?

like

First year associate here - really freaked out by FS layoffs and think I might be next. How am I supposed to find another job after 6 months?

like

I don't understand the concept of receiving a 4 on Year End (and getting laid off). There is no set percentage to give people 4's and 5's right? How does one mess up that badly?

like

Getting Laid 👍 > Getting Off 👍 > Getting Laid Off 👎

likefunnyuplifting

Laid off 2 months ago - 111% utilization, glorifying appreciation from clients, great mid year reviews, recruiting & learning development internal initiatives. How do I stop feeling worthless?

like

I am curious to hear your honest thoughts. I don’t know what other firms have done but my firm has fired people, furloughed people, cut pay, delayed promotions and hire dates, etc. but also has allocated a chunk of change above what has been given in the past to support social justice causes. While I support the cause I wonder how associates feel about this when frankly some of it is at their expense?

like

How is the business going for all you consultants? Are your companies getting new projects? Any layoffs ?

like

Additional Posts

My son is entering Kindergarten and his (great but hamstrung) public school can only offer 60-85 minutes per day for remote learning, 3 days per MONTH in-school. Just not feasible for a working mom in this industry. So I met some parents, we hired a private teacher, and I’m rolling with a 4-family homeschool pod. I’m keeping my kid in public school, hoping the curriculums can align and not go crazy. Love and strength to all moms and dads and partners out there. It’s tough - but so are we!

like

Could some of the moms share their favorite Christmas traditions and activities? Looking for some positivity this holiday and would love to learn about special things that you do with your families.

like

Hi ladies, looking for advice on pivoting my career. Currently primary engineer for a system that supports 25k users across 200+ offices. I'm bored with IT. I'm a Jill of many trades, networking, wireless, voice, etc. I'm currently working on learning various netops tools. I like figuring out how to put pieces together but it's not much of a challenge anymore. I'm working on putting together a 5 year plan to move to 100 percent remote because my husband wants to retire and move. Advice?

like

Looking to prep for and exit to Corp Dev out of Strategy Consulting. Any recommendations on how to get up to speed on valuation / modeling? Looking at the Wall Street Prep packages (premium or basic).

like

Has anybody heard of a green MBA? Does it have any value if you want to break into a sustainability-oriented field?

like

I just realized the company I am about to jump ship to doesn’t have a 401K match or any contribution programs. Would this be a deal breaker? The base salary is a 20% increase. Offer is due @ 5pm today

like

Looks like my united status match is not gonna be completed by the time. Is there anyway to rebate? I am 4 segments short for gold and wonder if I can talk my way out

funnylike

Anyone have any book recommendations? Ideally ones that have helped you throughout your career

like

Has anyone had a live jury trial since covid? We could potentially have one in the next 30-45 days. I have team members who very strongly do not want to travel to urban areas and potentially be exposed for a variety of very legitimate reasons (personal and family health issues). I’m not willing to make anyone do it. Has anyone dealt with this?

like

What’s the most important lesson you learned in consulting?

like

As an SM making $185k, what should I aim for as an exit? I got a $200k offer with better wlb and no travel but also no stock and low 401k. wondering if I I should set my sights higher.

like

Got rejected from BCG after first round interviews. How long do I have to wait before I can reapply?

like

Should I be investing my 401k contributions right now? I’m afraid that the market’s going to crash. Would it be a better option to just hold the funds uninvested in the pre tax account?

like

I’m documenting updates my manager provides every week in my PIP document and at the end of the month he says his feedback isn’t captured accurately. What’s the best way to deal with this? Don’t want to get fired and think I’m doing much better than other people in my role

like

In Australia. Boarded a domestic flight from Melbourne to Sydney on JetStar. They board their planes with two entrance points. Rows 1-16 enter through the front, rows 17-32 through the back of plane.

like

I'm looking to pivot from consulting into tech. I've gotten lots of interesting from tech companies on the ops side but am much more interested in product management. Any advice on books or courses to help make the transition? I'm struggling to land PM interviews at companies that aren't tiny startups :(

like

Anyone in Deloitte’s HCM/HR/WFM transformation practice aware of openings for seniors and/or willing to chat with me? I have 5+ years of experience and looking for role immediately. Ty

Appropriate comp for Oracle Cloud Financials Manager at Accenture? 4+ YOE in Oracle ERP in industry, 8 YOE overall. Midwest city, non-target MBA. Thanks in advance!

like

From talking to students at multiple M7 schools, it seems like all of the BB/MBB/FAANG companies recruit at most if not all of the schools . So if you're planning on recruiting for one of these, is there really a major difference in career opportunities between each school? Asking because it seems like some schools are specifically known for finance vs consulting vs tech, but if the companies are all recruiting at all these schools, the differences don't seem as pronounced to me.

like

Trying to decide between two portfolio ops roles, both in the Bay Area: Small-ish VC firm, ~135k base + 35k bonus Medium PE firm, ~115k base + 115k bonus Which would you choose? I’m leaning towards the PE firm bc it’s more hands-on, faster learning curve, and higher TC, but the VC role seems to have a better WLB and generally sounds cooler (getting exposed to VC vs continuing in the corporate world). What do you think?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.