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Hi Everyone !!!
This June I completed my 9 months at Career Level 12 and Sub Level 3 I.e, CL 12.3 at Accenture Operations. My Annual Talent Discussion and One-on-One with People Lead is complete as of last week.
I have 3 questions now :
1. When can I expect to move to 12.2 ?
2. What is the general hike I can expect ? And when it is reflected ?
3. When will be the variable pay will be paid out ?
Can anyone here help me with this performance cycle part ? I am really confused.
Accenture
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I think you get 1/4 of up to 6% of your salary, which you need to contribute.
I understand that, but does Deloitte 401k true up? i.e if you reach the limit too fast, do you still receive the match for the remaining paycheck that did not contribute to 401k?
Employer contribution doesn’t count towards the max
That is not the question M1. Here is what i mean:
https://www.finra.org/investors/too-fast-match-401k-misstep-could-hurt-retirement-savings
It makes sense that the match is per % of each contribution so yeah, if you aren’t making contributions past September, you probably don’t get the match. Plan it so you max out by the end of the year and if that gives you extra funds during the year, invest that in a regular brokerage account.
It works this way at many firms. They match on each paycheck, so it’s important to time your max out to the end of the year. Same applies if you max out too early in the year
Shorr answer, yes. You need to time it basically so your 401k maxes exactly on your last pay check to get the match. If you max early, youll only get 6% x 25% prorates in match