In April of this year, we reported that RSM had begun performance-based layoffs which likely had little to do with that whole Rona thing that caused multiple firms to start laying people off and slashing salaries back then. Then in June we reported that more than a few tipsters were upset to hear raises would be in short supply after a firmwide announcement at that time. Here’s the quick catch-up:
Most of the people are very upset for the mixed messages from management. Starting with a message of “layoffs as a last resort,” then 3 weeks later the layoffs happened, to now no raises unless promoted at 5%.
Well we’re happy to report that all that has changed according to multiple tipsters. The story we’re hearing is that “RSM will provide salary increases to employees as of November 1” and raises will be upped for everyone, not just promoted as was the case in June.
The news came via firmwide webcast yesterday in which RSM CEO Joe Adams said they looked at Q1 results and thought all employees should get salary increases come November. We don’t know yet what the increase will be but it’s expected to be based on rating.
If anyone has more info, give us a shout. And ‘grats to the RSMers who’ve been sticking it out all year hoping for a little bit of good news.