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Job grades in Nokia??
Hi All,
I joined Tech Mahindra for 5 days only and didn't find suitable timing for my project and emailed resignation mail to manager and HR. After that HR asked me to resign over portal but at the same time blocked my portal. After requesting many times they didn't unblock my portal and pretended like they want to unblock but there is some issue going on and marked my profile absconded. I have cleared fnf but they are not providing reliving letter but added pf amount also. What to do?
how is work culture in Encora ?
Coach
Chief
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So anyone Opting In??
That WFH life
Conversation Starter
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Any insights on Deloitte’s TS&A group?
Hertz bringing the heat today! 😲
Any Alvarez & Marsal fish willing to refer me?
What's the FSI strategy team like at KPMG?
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Rising Star
The goal of (nearly) everyone in MB and Big 4, is to get to the Partner level, for the big pot of gold and divide the profits between them. They don’t want to share with stockholders who care/know nothing about the business and only think in 90-day increments. Going public really, REALLY enriches the generation of pre-IPO partners, while those that follow are simply well compensated employees. And while ACN has done well as a public company, the company culture now is significantly more diluted to what it was pre-IPO. When MBB/Big-4 look at these things, they don’t see much of an incentive to go public.
The partners who sold out wanted PAID
Enron
Pro
Err… a little before. Possibly for the explicit purpose of not being taken down also.
It’s simply way for current partners to have a pay day. Almost always destroys the culture.
Probably for the other businesses majorly such as Technology
Booz Allen Hamilton is also publicly traded
Pro
B4 had advisory+ audit and I don’t think public companies can audit other public companies
Chief
Accenture is mainly an IT services company, so the comparison isn't really fair.
Also we have some consulting firms publicly traded - Booz Allen, Huron, Oliver Wyman (through Marsh McLennan) comes to my mind
There are some downside, but if the company tried to raise money before to expand (most of those are not as old as BCG for example), it's hard to come back to being a private company (not sure if it has ever happen)
Chief
Not close enough - it's significantly easier to do that compared to a publicly traded company to become private again
Also OP, we pursue a lot of acquisitions. Like A LOT. So that’s where our CAPEX goes. This is consistent with our strategy. You work at McK, which has a strategy of developing top talent from within. Accenture’s strategy is to create a giant platform to push offerings we obtain through acquisitions to clients and use the talent we acquire externally to deliver these offerings.
Accenture spends around $1 billion in acquisitions per year. We have internal consulting teams dedicated to assimilating other companies.
I didn't think accounting firms that had advisory arms could be listed and publicly traded?
Most of the WITCH firms are also publicly traded companies