Motivational strategies followed in Accenture

Rahul Garg 211107 Pooja Gupta 211094 Nitish Singhal 211087 Navoday Sood 211180 Ritika Aggawal 211114 Priyanshu Aggarwal 211103

Need ???
Ques- What is the need of motivational strategies in companies? Ans- To motivate and engage their best workers to increase the chances those workers will stick around. & When a large percentage of a workforce is nearing retirement or being lured to different jobs, companies want to motivate those who remain to perform at the highest productivity levels possible

Benefits
Creates a culture of trust Leverages the power of peer recognition Focus on the enablers and tools that help salespeople reach their potential in an increasingly complex business environment.

Benefits cont...
By gaining a deeper knowledge of human motivation, executives can put in place a more holistic approachone that integrates people, process, technology and compensation strategiesto encourage and reward the behaviors that help produce high performance.

Steps For Motivational Practises

Motivational practices at Accenture are based on 6 basic principles: Planning: setting expectations and objectives with individual employees and teams and planning for how these will be met.

Monitoring and Managing: tracking performance levels, motivating and addressing issues in performance.

Cont...
Developing and Coaching: developing employees skills and the capacity to perform in current and future roles. Performing: individual employees taking responsibility to deliver results against objectives and standards. Feedback and Review: providing regular informal feedback and periodic review of performance. Rewarding: formal and informal recognition and rewards for effective performance.

Motivational Techniques Used

Setting Objectives

Appraisal &Rating

Self input

Feedback Discussion

Feedback

CONT...
Celebrating Performance Points - Celebrating Performance is a system set up to recognize and reward performance through giving Accenture employees points that they can spend on items in a catalogue (all online).These are given to employee for their outstanding contribution to the projects by their supervisor\counselor. The Celebrating Performance Points are a way to appreciate employees for their work by giving a gift. There is a portal designated for redeeming gifts from these points. The gifts are of variety of forms e.g. stationary items, household item, accessories, apparels, car, vouchers from shoppers stop, lifestyle etc. The supervisors are allocated a budget in each quarter to distribute these points among the people who report to him. Great Place To Work Initiative - This is another way to motivate employees. Every Thursday a quiz is floated for all employees and rewards are given to 10 employees. Apart from this there are several competitions which keep on happening year round like games tournament, music band competition, dancing and singing competition, virtual gaming competitions, literary events etc. It also includes talk shows on various issues being hosted by Accenture and calling experts for their advice. Also each and every project has a specific budget allocated for them for having in project fun activities for team building. It includes lunch and dinner parties and team outings also.

CONT...
Thank You Note It is sent by supervisors and managers as a token of appreciation to their colleagues and team members for their contributions. This helps in motivating employees as it fulfills there esteem needs according to Maslows Need Hierarchy. As they are recognized among their peers as well as seniors and appreciation helps a lot in boosting confidence. Counselor Counselee Concept - Each and every employee in Accenture is allotted a career counselor. The counselor is a person within the organization but at a senior level than the employee so that he/she can help the employee shape his/her career and growth path in Accenture with their valuable experience and knowledge. Counselor helps in setting objectives for a performance cycle and reviews them timely in order to see that one is not deviating from their path of success. You can approach the counselor for help on any personal or professional matter. You can discuss your problems with him/her and work out a solution. Performance evaluation and Appraisal - Each resource (Accenture never uses employee to address them) is required to set few objectives/ goals for themselves at the start of each performance cycle (September to August is a performance year with mid-year check in March). Each employee is required to set few objectives on 3 roles he has to fulfill within the organization viz. Value Creator, People Developer and Business Operator. These objectives are required to be set in accordance with ones supervisor as well as counselor. Once the objectives are set them at the end of the performance cycle each employee is required to fill his/her self input towards each objective. Then supervisor has to give feedback, strengths and areas of improvement for each employee with respect to each objective and self input as well as day to day performance of employee. After that the feedback is discussed with employee if he/she is unhappy with any review given by the supervisor. After that the ratings are decided and appraisal and compensation benefits are decided. The variable pay component of the employee depends on the ratings received as well as the overall performance of the company for that year. The mid-year check is provided so that employees can understand where they are lacking and improve their performance so that they dont get a shock at the end of the year and are given a chance to improve their performance and rectify their mistakes. This is in accordance with the Lockes Goal Setting Theory of Motivation.

THANK YOU