Late on Friday a couple people told us about some good news for BDOers, especially for those not getting raises this year.
Not sure about Audit and other Departments but BDO just announced they would be paying back the salary that was reduced in May – July with the Dec. 15 paycheck.
And from the other:
BDO USA is returning all of the temporary pay cut during May-Aug 2020 to all employees on 12/15.
The first person who contacted us said (s)he works in tax, while the second person said (s)he works in assurance, so we’re going to assume that the folks in advisory and other departments are also getting their pay back in December.
Because of the pandemic, BDO employees had their pay slashed—between 5% and 10%—from May until mid-August.
While it’s a nice gesture by TPTB at BDO to return employees’ pay that was cut, that was pay you guys rightfully earned in the first place, so it should be given back, especially after the firm revealed last month its revenue grew by 11.3% in FY 2020.
I guess we’ll see how grinchy Berson & Co. are when raises are announced on Nov. 1.
Related article:
Comp Rumor of the Day: Some BDO USA Auditors Are Getting Raises, Some Are Not
