Analyst questions

Anonymous · 2021-11-03T17:47:10Z

So tell us Mike about pay, have the staff been compensated in the pay review. Yes we gave them bumper rises of 1 - 3% That's less than inflation, your joking aren't you. They must have been fuming? Erm erm we gave them a raise to keep them on the bread line. Me and the team tried to take 50% pay rises but the shareholders found out and tried to block it, but we still got millions ha ha. So your expecting them to deliver with below inflation pay raises, yet you and the team are taking millions for shrinking the company from $24billlion to $16 billion dollars within a couple of years. How does that work. it works for us, we get our millions for non delivery whereas the staff can do the hard work for peanuts. As for the shareholders they can get nothing also. Like staff we will keep promising them jam tommorow with our transformation journey. We will keep transforming till turnover has shrunk to zero.

So tell us Mike about pay, have the staff been compensated in the pay review.

Yes we gave them bumper rises of 1 - 3%

That's less than inflation, your joking aren't you. They must have been fuming?

Erm erm we gave them a raise to keep them on the bread line. Me and the team tried to take 50% pay rises but the shareholders found out and tried to block it, but we still got millions ha ha.

So your expecting them to deliver with below inflation pay raises, yet you and the team are taking millions for shrinking the company from $24billlion to $16 billion dollars within a couple of years. How does that work.

it works for us, we get our millions for non delivery whereas the staff can do the hard work for peanuts. As for the shareholders they can get nothing also. Like staff we will keep promising them jam tommorow with our transformation journey. We will keep transforming till turnover has shrunk to zero.

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4 replies (most recent on top)

I liked the way when asked by the analysts about attrition and where in the company it was, Mike instead waffled on about virtual first and employee engagement. At least it's not just staff that he doesn't answer.

Salvino was hailed as the great saviour, taking the helm after the devastation of the short Mike Laurie era, the man who started the hollowing out journey. Flanked by a growing cadre of former Accenture staffers, unsuited and ill-equipped to turn-around the ship in a booming market. Wrong strategy - sell pandemic relevant businesses - Workplace (remote working services), Healthcare (COVID critical), Business Process Services (virtualised shared services) then reverse the decision a year later having decimated them. Result - focus on on-premise computing infrastructure as the world accelerates the pivot to cloud. Next, exit the talent in the hottest parts of the market. Great swathes of the workforce wait for their pay-off and exit to a reset world. The reputation of Salvino is in tatters. Toxic brand

Can you believe Sal said "In addition, our customers are at the highest level of satisfaction since I have been here, and based on our September engagement survey, our colleagues are engaged and motivated "

Engaged only enough to complain about the company and were surely not motivated

So true

what about employee engagement?

Yes we nagged employees to fill in the survey, ticks the box of engagement for our

bonuses. We don't need to give them what they ask for eg pay etc. So gives us another year.

What about growth?

Were finally talking about it, but the middle management layer doesn't know what it means. They only know cuts so not skilled in growing, we've tried re training and guiding them but they have been doing cuts for 20 years so we're flogging dead horses. They are masters at screwing over their minions. We're looking at clearing a couple of layers as they do not add any value.

Thread regarding DXC Technology layoffs

Analyst questions

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