A multinational announces that it will pay in dollars up to 20% of the salary of its employees in Argentina

The multinational Accenture, which is dedicated to exporting services and serving its local clients in areas such as consulting and the development of technological solutions, among others, announced that it would dollarize up to 20% of its employees’ salaries in Argentina.

Although the company has assured that its compensation program is confidential, this media was able to learn that the advantage of 20% of the salary in dollars is for certain hierarchical levels and 10% for all local staff, or approximately 12 500 employees.

Accenture is one of the main employers in Argentina. Other technology and internet companies have similar plans.

The company assures that the measure is temporary and is part of a broad talent retention strategy, in a context of high turnover of personnel specialized in technology and digital services in general. These are items that are in high demand and receiving permanent global and remote job offers. “The salary is in pesos. A percentage of these pesos will be paid in dollars at the end of each month. It is now a context-limited program. And it’s an optional program,” they detailed.

In the country – and beyond the obstacles to cashing in foreign currencies from abroad – the possibility of invoicing in dollars is generally central for this type of professional.

Accenture, which also offers remote work, has not yet defined a specific pattern for returning to the office after the pandemic and has other services aimed at welfare with benefits even for pets, is dedicated to providing professional services to businesses, governments and other organizations to “build their digital core, optimize their operations, accelerate revenue growth and improve services to citizens , creating tangible value at speed and scale,” as detailed. Globally, it has 738,000 employees in more than 120 countries.

At the end of last year, Sergio Kaufmanwho served as the company’s CEO for more than 20 years, stepped down and was replaced by Sophie Vago.

In an interview this outlet gave Kaufman before he left office, the executive recounted the impact of what he called “employment blue», young employees who choose to work abroad independently and earn in foreign currency.

“These are people in technology, financial services, human resources, economists who find job offers abroad who are paid in dollars and who do not enter the formal circuit. These are totally precarious jobs, but very tempting because of the exchange rate differential that we have. Much of the employment that goes through this channel could be formal employment that brings foreign currency into the country. I am concerned about this informal employment circuit blue”He said and assured that his weight is very important.

“During the pandemic we are adding some 2,000 jobs, but people are also leaving. Out of 100 people who leave Accenture, and I suspect this has to happen everywhere, two-thirds do so with some sort of hard currency offering in a parallel circuit. We are no longer competing only with the formal market and the parallel circuit is the one that hinders further growth. This generates precarious people, with jobs that don’t have social security, who don’t pay social charges…”, added Kaufman and acknowledged that even if it is about high salaries, did not with no formal relationship, with many drawbacks and which “conspires with the ecosystem of the knowledge economy”.

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