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My current CTC 13 lpa/8 YOE, Python developer. Im selected for TCS, i told expected 25 lpa, she told we can give max 19 lpa, i told i have to think, she cut call, next day she told to join call to take screenshot with ID. It's been a week, they didn't send CTC break up, status is "evaluation in progress". They rejected me? Can I expect offer? TIA Tata Consultancy
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After Appraisal, company haven't shared updated offer letter (with new salary), it's been 2+ months now.
If I start searching for new job, will that HR ask about recent offer letter? Or only salary slips are enough?
P. S. Current company didn't share updated offer letter to any employee (in fear that employees will switch 😅) Accenture Tata Consultancy Capgemini Deloitte ZS Associates Fractal Tiger Analytics Deloitte USI
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Chief
I just left the firm. 2/3rd of my network has an offer in hand and will drop their papers on Jun 11. You think it’s bad now? A tsunami is coming. (I was in A&C for context)
I heard people are leaving left and right!
Chief
The same is happening in all the firms. People of tired of ridiculous hours, no wlb, bad treatment, and lack of respect.
Years ago consulting paid better and now the industry has caught up.
People in consulting are treated as nothing but a warm replaceable body.
Leaders of these firms need to show actions - people of tired of hollow words
12 of us I know person at Director,SM and M came to AWS in the last 16 months. Six figure bump for some of us and my comp now is what a director makes. (I was an SM). When I came over even Principals we’re reaching out to me around roles and comp.
I have never in the history of being at Deloitte for 15 years lost so many high performing team members. We should accept that we screwed up, we fired people during the most vulnerable and uncertain time. I am a lifer and a partner candidate and I have no shame in saying that we could’ve done better. Whatever Deloitte is doing now by paying more retention/AIP promises is not because they care but they are forced to because the market is hot. We are in damage control mode right now, we not only lost/bled strong consultants and seniors which can be replenished in a couple of years (truth) but Managers and Senior Manager who left, leaving or will leave soon will be hard to replace. Next 2 years will be tough and hope we learn from our mistakes and nearsighted view. We are too big to fail as a firm and with increased regulations and SPACs, we will only grow so if we can ride through this rough patch, we will come out a firm with a better character. Stay strong!
@deloitte 12. You seems to be a senior person
The issue starts from the hiring itself
A job is offered based on interview and compensation is given based on last drawn CTC.
The HR try to squeeze the employee while hiring.
Some are able to negotiate and some are not.
The HR feels successful if he gets the candidate at lower rate but the is actually an expensive affair for the company
Pay what a candidate truly deserves and he will never leaves organization
Though there are many other factor as well
Chief
I left Deloitte in March. The last project I was on — 14 person project and just me and two others had been at the firm longer than 12 months. And this was a 8M CBO engagement- not even tech. Base went up by 50k, bonus potential doubles. Work hours cut by 40%.
All in all, never will look back. Funny thing is, I loved Deloitte - but how they handled Covid was unacceptable.
Good riddance. I would have loved to have poached a project or two as well if the client wasn’t a pwc audit client....
I do think Deloitte is desperate. $75k retention bonuses aren’t normal. Neither are these absurd salaries they’re giving out to anyone with a heartbeat these days....
Salary aside because I am paid peanuts and going to get a 60k raise with 5-8% 401k match, I feel they did good on covid. Because of our on-site coverage I had to be there one day a week during worst times and came back fully July maybe or August. I don't have complaints because we were originally paid to go to work.
Sure some people are scared of covid but when things turn normal they should expect to show up. If they prefer wfh maybe their salaries can be cut too to save money.
Deloitte bad pay for me but felt they did great covid wise.
Technical talent is really hard to grow and keep at any of the consulting firms. The career salary/growth models have not adopted, so it’s much more lucrative for that talent to leave for tech firms that offer some combination of better pay, stocks, wlb, and honestly less BS such as initiatives to grow.
Pro
I’m in the Salesforce practice at Deloitte and planning on bouncing. So is everyone on my team. Been underpaid and overworked through the pandemic and I’m over it!
Yup I’m over it too
DM for referrals for EY. They are recruiting pretty heavily over here.
Here I am desperate to get back into Big 4. Have had stints at KPGM and BAH and ready to get back to the high energy. Optum is slow and boring.
Oh good glad I didn’t continue my application to UHG/Optum lol
Try the BD route you may enjoy the challenge. Less about billing and more about creating the long term relationship and architecture of the solution. Lots of HC shops would love someone like you with B4 and Plan experience.
Even MBB is lowering its standards to get more new hires at thr junior level
I second that. KPMG2, could you clarify?
Man I am getting major fomo by staying for so long lol. Probably because I have lucked out by getting decent gigs and decent leaders so far. But that may just change soon. For the folks who jumped, which tech firm was sort of easier to get into ? Will try there first 😬
Which level are you?
I feel people here may have a "hard-core gamer" mentality where they think everything happening is to the majority when it really isn't. It is those people who are really passionate about it voicing their opinions. The majority is doing just fine and the turnover rate is probably the same. I am leaving too but just because many people here are looking elsewhere or have anecdotal stories doesn't mean it is the majority.
If we turn this into a case study or market sizing exercise , what is the percentage really and how it varies from previous years?
Rising Star
Retention is actually fine, turnover is not higher than other years (yet). There are a couple things that happened 1) last year firm laid off thousands when Covid hit 2) long term hiring freeze 3) bench became nearly nonexistent 4) firm continued to sell work without enough staff 5)we are ‘sold out’ across Market Offerings. The hiring efforts are too far behind to catch up, and some projects don’t seem to want to staff new hires without D experience. The market is so hot that we lose candidates to other jobs paying more than usual
I have never in the history of being at Deloitte for 15 years lost so many high performing team members. We should accept that we screwed up, we fired people during the most vulnerable and uncertain time. I am a lifer and a partner candidate and I have no shame in saying that we could’ve done better. Whatever Deloitte is doing now by paying more retention/AIP promises is not because they care but they are forced to because the market is hot. We are in damage control mode right now, we not only lost/bled strong consultants and seniors which can be replenished in a couple of years (truth) but Managers and Senior Manager who left, leaving or will leave soon will be hard to replace. Next 2 years will be tough and hope we learn from our mistakes and nearsighted view. We are too big to fail as a firm and with increased regulations and SPACs, we will only grow so if we can ride through this rough patch, we will come out a firm with a better character. Stay strong!
Former Deloitte Digital here. I tried to find a consultant or sr consultant for a project 5 years ago and there were 0 Salesforce people available across firm and GPS. All we needed was someone with a heartbeat
Also, what's the pay? I'll be a contractor for the right $$$
Accenture just started announcing mid years. They were supposed to be for everyone, then got scaled back. I expect a significant increase after because they 1) trimmed back who they were for and 2) they didn’t announce mid year salary increases after screwing people last fall.
Wait what’s happening at ACN?
I hate being in the Deloitte salesforce practice so sure :)
true. Have a couple of interviews scheduled for myself in next month
People I know that left the firm are finding better jobs with managers and team leaders that at least pretend to care about them.
Isn't that worse. Someone honest vs fake? I have deloitte Sc (I am M btw) going around asking how people are just like the SM is. The SM at least thanks me for the worn I am doing while Sc doing it to brownose...
All, let’s be clear. WLB is project specific and will be similar in all consulting firms - Depending on the project. People in consulting tend to jump when the market shifts, which is what many are doing. We are SOLD OUT in ALL FSS. It is never about people leaving, it’s about hiring.
Chief
Yeah lol, very few people are leaving for the sake of leaving, theyre getting higher paid jobs elsewhere
So how is life post 6/03 in deloitte ? Calm / enraged ?
Mine is coming
Same thing in oracle. When it’s #2 talent experience, there are better options
Not sure about the the Salesforce practice but across Consulting, most, if not all consultants are staffed on projects. There are more projects to work on than we have currently available staff to work on them. Most teams have 0 people on the bench.
Recruitment is trying to hire as fast as they could but the supply of highly skilled and readily available candidates are in short supply.
Yeah from recent call with Dan I think Amy said we are at sweet spot in couple of months with supply demand. With that said my project team had 12 departures including me and we try to hire more. Most if not all departures are money related.
Anyone from the EU willing to give a rec?