On Monday, compensation kvetching season officially kicked off with PwC. Papa Whisk(e)y Charlie generally sets the tone for the rest of the summer and we see some firms adjust their plans accordingly. Of course there are plenty of firms that don't adjust their plans, but probably do so at their own peril.
ANYWAY. The PwC news also has the tendency to get other people anxious to discuss the early chatter about their firm. Here's a recent request from the mailbag:
This purple rose picker has heard that comp at the Casa de Chipman will be pretty solid this year due to the fact that raises will likely contain a market adjustment premium (and due to the fact that raises last year were pretty weaksauce).
Grant Thornton historically gets in things rolling in mid/late July to get the new adjustments in place for August 1st, but the tipster does bring up an excellent point worth remembering — last year's increases were NOT well received. It stands to reason that GT would like to avoid a second straight year of firm-wide bellyaching.
So if you have good reason to be hopeful as our tipster here or information to the contrary, email us or share below.
