BDO USA Employees Are Getting Their Moolah Back

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

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Thumbs down BDO LLP

Those Who Know, Know BDO … Is Consistently Terrible At Auditing

Here’s a number of the day for ya: 50.7%. That is the average failure rate of BDO USA audits in PCAOB inspection reports from 2010 to its most recent 2019 report, in which PCAOB inspectors found significant errors in 42% of audits reviewed. Public accounting firms that have been historically bad at auditing, like Grant […]

Promotion Watch ’21: BDO Admits 20 New Partners In the U.K.

These 17 men and three women got golden tickets from BDO U.K. Managing Partner Paul Eagland on Jan. 1: Spencer Ashworth, Audit Vinesh Bharadwa, Tax Jamie Carter, Business Outsourcing Lee Coccaro, Tax Ben Courts, Audit Paul Dawson, Business Outsourcing Rob di Santo, Audit Graham Ellis, Audit Martin Haines, Tax Tom Laird, Audit Conor Lambert, Transaction […]