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Rising Star
Yes, wages have increased with inflation for the past 230 years, and if you’re asking whether this will continue, yes, it will continue
Deloitte did a market review, overall salary went up for the London office but for a couple of grades the salary also went down
So. You need to contextualize this before you assume Accenture is behind and not paying as much as Big4.
WHY are big 4s raising their brackets? Because they had crazy high voluntary attrition over the past 2 years because, historically, their pay band strategy was to pay up to par with the market and not at the top of the market. So the market band raise is done to keep up with big tech and the likes of Accenture.
Now Accenture may choose to assess : do we still want to set the bar at the top or are we okay being at market rate now that the old top became market rate.
Also when Big 4 raises band… they of course only raise A-SC and M-SM are still mostly underpaid (ie the ingrown ones are super low compared to external hire).
This is very helpful, thanks!