is it a win-win to employees?
18 replies (most recent on top)
The beauty of it is, AIG doesn't have to pay severance. AIG should change their name, For those FTEs who remain, do not count on 100% STI. AIG management is betting given the economy, most folks won't leave because they get shafted on comp that AIG sells as guaranteed when they recruit you.
This should mean all the management associated with this should be cut. They obviously can't do their jobs, hence the need to outsource these functions.
Was told the reason it’s not in the news yet is AIG won’t make a press release until the deal is officially signed, which makes sense.
Any reason the news is not reporting this yet? All I have seen is the internal email from SF? How many employees does this impact?
It is a substantial downgrade, AIG is still a fortune 100, Accenture is a tech outsourcing company, you basically downgraded— if you were in a small firm and moves into Accenture then that might be a benefit. Further no severance, you keep your job.
There will not be any severance pay. AIG is just transferring the roles to Accenture. Severance will be paid only if the role is made redundant. Those impacted will continue to have the same job atleast for the next 6 months depending on the contract and transfer of undertaking laws in those countries.You either move to Accenture or resign.
Why would they give you severance? You're not losing your job.
But will AIG give some severance for the end of service with AIG and going to Accenture?
If yes, this is good.
lol @ the people who think Accenture is going to give them severance.
They won’t sell the P&C business, because nobody that has some intelligence and sanity would buy it.
Aig changes everything every 5 years. ... I hope that they dont want to sell the whole p&c business...
Hahaha.....while I like your wishful thinking, you will never get an option from either Accenture or AIG...they will only do what is best financially for BDs and PZs inflated compensation
I would hope they would give you the option either being RIFd or work for Accenture. I would take the RIF if you have been with AIG a while. Accenture may not be AIG but they’re a close 2nd.
Anytime a Management Consulting firm is involved, it is a BIG LOSE for employees.....add the word partnership with them and it is a LOSE LOSE for employees....
Shareholders should dump the stock on any uptick, customers should find a new carrier, whenever a large carrier does a big offshore plan, it is a disaster. Maybe in a few years you come back/buy stock again if they can stabilize it
Employees, stay on till end of year and hope to get decent severance, otherwise start looking hard in January, if you can leave do so and don’t look back
A lot of Accenture’s work is done offshore now. I’m thinking this is just going to cause a bunch of layoffs without Accenture actually hiring anyone from AIG
Wall Street doesn't seem thrilled, stock now below $26 and falling...
Its all about severance.....do we get severance from AIG for going over to Accenture?
If yes, then win....if no....then we lose.
Accenture is a machine....remember the Borg? That's who taught Borg!
Assuming they don't re-badge you at year 0 then lay you off with little or no severance after you train their existing people.
That’s what i was thinking, i wouldn’t mind getting switch over to Accenture.