That’s what he told Fox Business Network anyway. He doesn’t stat it explicitly but Quigs is probably referring to his Big 4 and professional services brethren.
Not exactly sure why JQ thinks we aren’t headed for a double-dip after Team Jehovah gave the ‘fairly bad’ to ‘very bad’ outlook.
By now everyone is borderline freaking out due to Deloitte partners’ ability to remain coy throughout this process, using words like “substantial” and “better than last year” which, considering the love shown last year, is ironically accurate.
Annnnnnddd it continues. A source dropped us part of an email from Nick Tommasino, Deloitte’s Chairman and CEO of audit and enterprise risk services:
Understand your compensation package
• Deloitte provides a comprehensive Total Rewards package, which is designed to:
· Attract, retain, motivate, recognize, & reward high-performing talent
· Demonstrate the value of individual contributions as it relates to business performance
• When your individual compensation discussions occur in mid-Aug, keep in mind these main financial components of the Total Rewards package:
· Base salary
· AIP*, aimed at eligible high-performing seniors, managers, & senior managers (Reminder: AIP payouts will be subject to taxation & 401k deductions)
· Rewards & Recognition program, which includes Applause Awards, Outstanding Performance Awards, Promotion Awards, & Service Anniversary Awards
• Key compensation dates include:
· Mid-Aug: Compensation discussions begin
· Sun, Aug 22: New salaries effective
· Thu, Sep 2: Updated compensation statements available on DeloitteNet
· Fri, Sep 3: New base salary & AIP award amounts reflected in pay statements available on DeloitteNet
The motivation behind such a message is subject to interpretation. Some may think this is a friendly reminder (one of several, no doubt) of the upcoming discussions OR it’s a friendly reminder that doubles as a reality check that this isn’t 2005-2006.
Meanwhile, in the consulting part of the house, one commenter is claiming that news is going to be extra good, courtesy of some Punit Renjen prognostication:
Punit said “Compensation will be highest in history” via video for Consulting…
So who knows! The good news is that you will know soon enough but numbers remain a mystery. Unless someone finally coughed up a range. In that case, we strongly encourage that you share.
Every two years we go through the same ritual. Jingoistic flag waving, the non-stop talking head of Bob Costas, and a hyped-up athlete (Lindsey Vonn is this year’s model). Add a bunch of schmaltzy, sappy, million-dollar commercials.
Welcome to the Olympics folks, originally intended to celebrate pure (amateur) athleticism, and now unabashedly worshiping pure consumerism. The Olympics games party like it’s 1998. The commercials are out of step with the somber mood of the age, depicting faked optimism. The feel-good machine of Madison Avenue did not take a break even on the day that the Georgian luge racer died.
Perhaps that is why the commercial from Deloitte stands out among the cacophony of hyperbole for its sobriety and clarity. The commercial is straightforward and engaging: using imaginative line drawing to represent Olympics sports, it depicts the pure thrill of competing in the games. Delivering its message through titles only, it avoids embellishment with its almost haiku-like script: “combine perfect movement through time and space, with the heart and drive of a champion, and you are golden”. Simple, clever, to the point:
The spot does not try to draw a direct comparison between Deloitte and the athletes. The connection is implied, cleverly, by using the Deloitte “green dot” from its logo as the “athletes” in the spot. Brilliant. And of course the spot is made more effective because it is relevant to the games. Mark this commercial on the credit side of the ledger.
Bravo Deloitte.
Avi Dan is President & CEO of Avidan Strategies, a New York based consultancy specialized in advising professional service companies on marketing and business development. Mr. Dan was previously a board member with two leading advertising agencies and managed another.
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