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These experts say transparency helps staff, especially women, know where their pay stands in relation to the wider organisation. The disclosure shows just how much the firm is willing to pay to secure sought-after employees, said Accenture Australia chief executive Peter Burns.
Accenture staff from the analyst level and above are also eligible for a bonus, while those at senior manager level and above are eligible for shares in the firm. The shares granted to senior managers typically vest over three years. They are based on the performance of the business and the individual and can be worth tens of thousands of dollars at a minimum. Separately, all employees can purchase shares at a discount.
Mr Burns said Accenture also offers other benefits including flexibility in the way they work, and the ability to acquire market-leading skills. Accenture has disclosed minimum pay by rank across the firm, while PwC revealed pay bands by rank and division.
The ability as a listed firm to offer equity gives Accenture an edge when it comes to employee compensation over the big four consulting firms which are structured as private partnerships.
The staff pay rates between the two firms are difficult to directly compare. Accenture has not made any disclosures about the level of the gender pay gap, if any, at the firm. In contrast, PwC has previously revealed that its male and female partners of similar seniority are paid virtually the same, but that male partners overall are paid 14 per cent more on average because they make up more of the senior ranks.
PwC has also disclosed the gender pay gap for like-for-like roles throughout the firm is 0. From next month, employers in New York City will be forced to disclose pay bands in job advertisements in a move aimed at closing gender-pay gaps by providing candidates more transparency.
A similar pay transparency law already operates in the US state of Colorado. Skip to navigation Skip to content Skip to footer Help using this website - Accessibility statement.
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