Thread regarding TIAA (TIAA-CREF) layoffs

Accenture Bands are low compared to TIAA

As per the townhall, if you are in TIAA 9 Band you will be mapped to Accenture 8 band that means Associate Manager and if you are TIAA 8 band you will mapped to Accenture 9 band that means consultant. I am not sure how many of you know, as per our experience (15-20 years ) it is seriously very low band. In TIAA it was very different as only few people are in greater than 9 band but on the other hand in Accenture band 8 and 9 is very low.
After 2 years when you will be moved from the project and deployed in different project, it will matter a lot. Think carefully.

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| 3513 views | | 11 replies (last November 14, 2024) | Reply
Post ID: @OP+1ugWNZHY

11 replies (most recent on top)

What about current consultants that are being hired by Accenture? Will they pay as much as TIAA was paying the current vendor?

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Post ID: @1eequ+1ugWNZHY

For any consulting company, band matters a lot. Your salary, work profile every thing is dependent upon your band.In TIAA it never matters because it has less employee and people knows each other’s. It won’t be same for a company of 750k employees

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Post ID: @9ewy+1ugWNZHY

Does band level really matter if pay is the same for two years? The job market is tight right now, and most companies will not come close to your TIAA pay.

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Post ID: @7lck+1ugWNZHY

Agreed. I’m mapped to level 9 and that’s shockingly low. They really want all of us to leave after 24 months?

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Post ID: @6ezg+1ugWNZHY

@5fcy+1ugWNZHY the news has been out for over a week. If you were told you are last Tuesday then you are.

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Post ID: @5erz+1ugWNZHY

Are all individual contributors that flowed up to Ajit the ones who are going to be transitioned over to Accenture?

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Post ID: @5fcy+1ugWNZHY

Don't be tricked by the trolls here. What is there to think carefully about? Turn down the job and get canned now, or quit in 2 years if they really do lower your pay. Why would you skip 2 years of the same pay to be unemployed now without severance?

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Post ID: @5rxz+1ugWNZHY

It's confusing. Which TIAA levels are for department directors, department senior managers, department managers, team lead, senior specialist, specialist. Knowing this information will make it easier to compare it to Accenture's levels... before we get the offers.

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Post ID: @3inn+1ugWNZHY

Offer sent I think 9/27 (verify with your manager) to your personal email... not TIAA email. We have to submit by 10/4

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Post ID: @2nmg+1ugWNZHY

Any thoughts on when we can anticipate the offer letter.

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Post ID: @1bdx+1ugWNZHY

The offers will be emailed soon, we are all anxious about what it entails. We need to watch and listen carefully to the recording(s) to get a better understanding of TIAA scale vs Accenture scale . Thanks for the "band" explanation.

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Post ID: @1qsj+1ugWNZHY

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