Thousands of ppl are being moved from client and market to client delivery and operations. They cut pto and gave a lump sum severance for that and other changes in pay. As the laddering scheme is different between the 2, the many new hires they are making/planning are laddered higher than those of us who were moved. I think they received probably somewhat lower pay, but it will likely reflect on those they forced to move that we are at the upper end of the pay grade now. Bonus structure changed as well. No attn was given to merit or past performance. This model is being slowly rolled out across the whole company. As they expect many to leave, they have aggressive hiring goals in the thousands into the new lower paying model so they can publish net new jobs. I think there are also tax credits for doing so (net net) and you don't have to position the changes as a lay off or large restructuring. Note that sr managers and above were not hit with the same compensation/ pto changes. Very depressing. I really had enjoyed working there.
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Actually, the change in benefits for those that were moved from client & market to client delivery & operations are only impacting those resources that were below manager level. Laddering is going away in FY16 but for FY15 it will still proceed as usual. The company is making cost cuts instead of increasing the value they provide to clients to justify the high bill rates. The focus seems to be importing cheap Indian labor and flood their clients with them. Unfortunately, I don't think this business model will work for much longer as many processes are being automated.
I am not sure I am tracking here - I left in 2009, we had 25 days of PTO (I was on the SI consulting side, Financial Services, Mid West, Consultant Level). Are people now losing the PTO? Also, I heard that laddering changed? Can you explain how it works today?