Hari, As a current employee of Accenture I am impressed with such content. These mnc usually won't tolerate any negative comments about them. They send legal notice here in India. Capgemini is even worse from an ex employee perspective. Kudos to your courage. Sathyameya Jayathe
That's a ridiculous statement. They won't do anything. They don't censor people who criticize them. It would be stupid, they all know about the Streisand effect.
Accenture might be a law firm moonlighting as a consulting firm. Come to think of how they conduct business, they don't really care if their services suck, they focus on contracts.
Accenture is also a great way to leapfrog into a better company. Work as a consultant/analyst and build your network with your customers and get hired when there's an opening
Incredibly simplistic video; a deep tone in your voice doesn't necessarily mean that you've done some actual analysis. And if you don't know Accenture, you probably live under a rock. 1. US Salaries are not representative of the whole firm. In many countries, only accenture directors make 90K a year. 30% of Accenture employees are in India. 2. Management consulting has nothing to do with what you described; most companies simply ignore the advice given to them if they don't agree with it. If a CEO blames a consulting firm for a mistake, the board will fire them first thing in the morning. And Accenture is not even a management consulting firm like McKinsey; it's primarily a tech consulting firm, which means it works primarily with clients to install business solutions. Like it or not, no firm can do it all by themselves. A bunch of coding nerds don't know how to do their books, and a bunch of 50yo accountants don't know tech; they both pay consultants to do the job. 3. Accenture is so massive because it's the world's largest subcontractor. It's not as much consulting as it is "renting out tech-savvy employees to our clients". That's the dirty side of Accenture. It underpays overworked graduates in India and other countries so that it can offer much lower rates than its competitors. You could have easily found all this by doing some actual research.
Very true, tech employees often prefer to work for tech contracting firm, due to opportunities. In house placement can leave you stuck in a boring job.
@@info781also in most cases it's much easier to find a job at a tech consulting firm than a bank. And since consulting firms have so many contracts, they can offer quick promotions and raises that banks cannot offer. In many such firms, the turnover rate is almost 30% so only a fraction of any given "intake" will make it to senior levels. Most employees resign within two years
Ex-Accenture employee here. A few corrections - 1. Accenture is based in Dublin, Ireland not just registered there for tax benefits much like rest of tech giants e.g., Apple. 2. Accenture doesn't work in shadows lmfao. Everybody in the IT industry know their brand. They often compete and get compared with big 4.
@@cedricol Well the title does say "shadow employer" and there are lots of big well known public companies out there that people have heard of . Take Boeing for example, big public company, large workforce, although lots of that is outsourced, people who have nothing to do with the airline industry know about them.
@@PaulJohn01 I'm not sure what your point is with Boeing. Most companies are unknown by most people, even if you can cite one (or a thousand) example that isn't. Most people travel by plane occasionally, so yes, Boeing and Airbus are quite well known. No surprise there. The subtext that they're nefariously hiding is still disingenous. Accenture is one of the most well known IT/consulting firms out there, they even advertise on TV, in plain sight. That's hardly the behavior of a company working in the shadows. I'd even argue that a big part of the general public knows of Accenture.
I did an interview with them once a few years back. The interviewer was an MIT master graduate. He was good but the job seemed bullshit to me so I went to another company. The interview was easy, mostly Data Science related questions with python, SQL, ML, and stats verbal questions requesting you to speak the code for. That's it, no followup coding interviews. One interview round. Was surprised.
Accenture hires plenty of employees fresh out of college because they can easily gaslight them and work to the bone (worse with career shifters). They can find ways to make a person work 16 hours a day, seven days a week; and can easily justify why one should not be paid overtime allowance (yup no overtime pay).
I attended Accenture interview in my campus placement. I had already landed an offer with Barclays so I gave Accenture interview in very carelessness manner. I couldn't believe when I was selected for the job lol. I respectfully rejected their offer and went ahead with Barclays (who fired me after 6 months because I had a wild affair with a married senior manager)
Back in the 80's & 90's , I was a programming contractor and usually worked at large companies for months or years at a time. Whenever I was at a company that Arthur Andersen was also contracting at, they were always the best dressed (and presumably, highest paid) of any of the contracting groups. None of us had any respect for them, since they never seemed to know what to do without help from one or more of the other contractors.
contracting firms do be really like that. And when a contracting firm is working closely with a non-contracting one, you can expect around the same attitude with 1-2 exceptions. source: was SE in a contracting firm working for a SV based company, people there didn't know how to use the standard library of the language and asked for help for google-able things ...
Actually it's pretty well known here b/c they'll hire programmers without experience and train them so a very large chuck of programmers (including myself) started there and then pivoted to a better paid job as ssr. instead of jr. Which is why it's popularly known as "the McDonalds of programming".
Nobody wants to train programmers. They hire ppl in bulk to do actual work and inevitably some will need to learn some new stuff in order to keep up. Do you think they are a charity? Students pay thousands of dollars to learn stuff in universities and you think there are companies who just "train" people and also pay them in the meantime?
This video gave me flashbacks. Company managers using Accenture managers as human shields (padding) against accountability. This rots a corporation from within, as short sighted decisions go essentially unpunished and the shielded managers never learn their lessons and keep repeating their mistakes. Quality employees eventually get fed up with constant failures and their hard work wasted.
I've seen this with outsourcing. The outsourced Partner becomes a scapegoat (or they are often actually at fault) for failures, but their contracts prevent meaningful accountability. This is often a systemic issue going all the way to the top.
I worked for Accenture for 4 years and I enjoyed my time there. I would return if the opportunity presents itself. Great company with great benefits. I’m currently at KPMG which is alright. However, I can definitely tell you that the grass isn’t always greener on the other side.
As someone who’s been in the space for a while 16 plus years, I’d say you’re right 50 percent. Which is impressive since you dump content online and it’s your role. This video is no different than an analyst putting together a deck on a topic with a fraction of knowledge to cover the topic
I am from India and if you see an ad for any highly paid call centre job, it's almost always Accenture or Barclays 😅, they usually pay 3X the median wage in India. I knew about them but I didn't know how big they were!
Accenture is pretty famous not only among corporates but also regular people. Regular people know them because just like TCS, Infosys and Wipro, here in India, they're a pretty famous mass recruiter. Even Cognizant!
As someone who studied with some Accenture folks, there are two things I distinctly remember. First, after a few sentences, you can always tell they’re from Accenture. Second, the name "Accidenture" is spot on for describing most of them.
Anyone not living in Asia probably haven't heard of them. But they are a pretty well known company here in the Philippines alongside the likes of Cognizant and others. Mainly involved in call centers.
Accenture and Cognizant are pretty big in the Philippines and is a great relief for those who want to get away from customer service/tech support for Service Desk.
This video feels like it is missing a whole section at the end, as you didn’t mention anything about Accenture specifically that is bad compared to other consulting firms other than they don’t advertise their name publicly. I usually love your videos but this one is not complete.
@@spiceyfrenchtoast9421you clearly did not understand the video. The 40k was not in reference to the salary of an employee although it was an average salary 20 years ago. 40k is what Accenture was getting paid by CBP for every employee that they hired.
companies partner with Accenture to reduce their costs as Accenture pays less, offers less benefits, and reduced PTO. All the monies saved go towards top-level executives, stockholders, and politicians to turn the other cheak
Surface level video. Accenture is directing responsible for the downfall of several companies as well as the American tech worker. I’ve personally worked with a few public companies who brought in Accenture and then their problems got much worse.
A lot of corporations also hire IT consultants simply because they don't have the all skills in house. Like legacy banks and wealth management companies, airlines, hotel chains, pharma, etc.
i wanted to work at accenture at one point but then when I went to career fairs or networking events or conferences and met accenture employees they were literally all weird and gave me a bad vibe. so now i do not want to work there at all.
Most likely, the mass of those employees are in call centers handling customer complains/tech support for other companies. The consulting part of their business is probably much smaller, when we are talking of employee numbers.
I'm going to be joined at Accenture after a month 😂. Being a fresher I don't have any technical skills so it's obvious that I needed to be getting started in Accenture where I can get some training before getting into projects.
Accenture also taken to task in lawsuit for unpaid labor. Many, MANY lawsuits against this company. A cursory review of the companies reputation will give a good picture of what goes on in reality.
A while ago I was at a job fair where accenture was also there, but their logistics messed up and they didn't have any big stands with flyers etc. They didn't have any at all. It's kind of funny that such a big company can make mistakes, or rather their logistics.
One might think Accenture pays really well. But if you use salary/very long hours period, you will end up just average pay. So it depends on whether you want to make mandatory OT for whilte collar or not
I feel like this video misinterprets what is driving the high employee count. I would be extremely skeptical if most of them are consultants paid at consulting rates. I would imagine a huge chunk is BPO and loan staffing for it operations.
I'm surprised that they don't pay well considering they're pretty well known here for people who wants to get jobs at IT. My application there wasn't read until I was already working a year on another job as a Service Desk analyst.
I usually like your videos but...My question is...why use a McKinsey scandal to say Accenture pushes companies to do the wrong thing? You should use an Accenture scandal to say they do the dirty. So they moved to Ireland. So what? How many other companies have done so? That doesnt explain anything. I usually agree with you but your example is a cop out and doesnt have the evidence to substantiate your claim. This video has disappointed me very much...
They are the most shady company I've ever worked with. One of my previous employers brought them in to some tech work (well may be they " convinced" 😉😉 some higher-ups that they can make thibgs better). When we had meetings, they bring at least 6-7 people. But only one person is required for it. - the engineer - person who does the actual work - some one to take minutes - a project manager - a backup engineer - this guy doesn't do the work - then they'd dial in a 2-3 people from Europe.
Well it's never a single engineer who can do all the work. Even in a relatively small project (3 - 6 months), you'd need a team - a backend developer, a front end developer, a tester, maybe a devops person, maybe a software architect partially allocated to the project, same for a project manager, etc.
@@aditya_on_youtube do you know that you have zero knowledge about the projects that I'm talking about, but you went ahead and gave a description for a generic software development project? What a joker.
@@djstr0b3 you just reminded me why I stay away from RU-vid comments section. It's because of jerks like you who are so upset about their own lives that they just want to find a vent to take out their frustration at random people. I hope you find some peace. I'm not engaging in this conversation with you anymore.
As of 2022 the us federal government has 2.87 million employees. Which would make it the single largest employer. If you count state governments combined they are 19.3 million employees which dwarfs all.
thanks for making this video i was on companiesmarketcap like a week ago sorting by employees and thinking to myself "dafuq who are these guys employing 750k people with nobdy knowing"
I'm surprised that you didn't hear about Accenture until now. Back in mid-2000s they had a marketing campaign going on with Tiger Woods as their brand ambassador. Also, in India, they're a massive employer. So most people know about them.
The background checks to get into us border patrol is no joke and Accenture wasn’t adequate to do the job anyways. I have friends in border patrol and one of them was not accepted. They called my dad asked lots of questions about him and called me as well. Pretty extensive questioning and I could tell they knew stuff 😂
Unless you have living under rock .. Accenture is one biggest heavy hitters in IT operations, they are the current NVIDIA of international operations. Never applied for then when i working , i got in WNS who managed Travelocity, airline back office if much more fun 😊. That was 20 yrs ago
@@beetauri many Corsair product don’t ship to some parts of Europe cause some stupid laws and Airbnb isn’t popular because there are many high quality but cheap hotels here
They may not be known maybe in the west but they are very common and are typical in Asia. Basically whatever is big on the west doesn't automatically translate on the east, and vise-versa.
Arthur Anderson Consulting Company... what a bunch of thieves been working in companies where we hired them, basically pay them 2x what the stuff gets paid and the internal people teach the consultants how to do the work
These mega consulting firms aren’t shady - but they will transform your small… almost profitable startup….. into a business with massive debt with slow-turtle like progress. Small consulting firms are WAY BETTER than mega consulting firms. Yes they have more talent - but they are so slow they will run your pockets dry.