We’ve heard of at least one instance in the Detroit office where a manager’s pay was cut approximately 4%. At this time, it’s not clear if it will affect the entire Midwest region or just the Detriot office, so let us know the details for your office, regardless of location.
Meanwhile in the Mid-Atlantic, we received the text of an email that states that “no topic is off limits” in the comp discussion, which will hopefully invite some colorful discussion. If any other regions have a similar communiqué, kindly pass it along. We love reading emails. The text of the email that lists things that you should be prepared to discuss, appears after the jump.
During the week of October 4, our Midatlantic area Audit partners will be conducting Project Future discussions to address your individual compensation as well as personal and professional growth opportunities at KPMG. Project Future is an initiative that allows you to discuss various topics with firm leadership.
While the current state of the economy is on everyone’s mind, I encourage you to take this opportunity to share your experiences, interests, and short- and long-term career goals. You should also use this time to discuss the firm’s plan for growth, including new client opportunities and recent wins.
Remember, no topic is off-limits during the Project Future meetings, so bring your list of items to discuss. Here are a few items you should be prepared to talk about:
• Compensation
• Future engagement assignments, including your utilization, chargeability, and overtime hours
• Industry and career interests
• Your experience working for KPMG
• Personal and professional growth
• Tips on how to build a great career at KPMG
• Sabbatical program
• Promotion outlook
During the week of October 4, your assigned Project Future partner will contact you to schedule a convenient time to meet. If you don’t hear from your partner, please contact your local HR manager.
This is the fourth year we have conducted Project Future discussions, and I hope you continue to find value in meeting with your partners.
Thank you.
If you’re more comfortable discussing the points above here, please do so in the comments. And if you’ve got other suggestions of what you’d like to discuss, or care to expand on “Project Future” mention them as well and of course, share your euphoria or lack thereof with us after your sit-down.
It is not entirely true. I know of former Big4 excutives that are humble and kind. The part that they get paid the most is not true either–it’s a corporate world/capitalist world out there!
To the guy who said, “we get paid the most.” Lol, that’s not really true. I worked in a local firm literally across the street from KPMG and the late AA. Our guys K-1s were twice what theirs were and we had no shortage of their trash applying for jobs. Not factoring in the whipping AA took when capital accounts disappeared or the hefty fines they paid. We had the last laugh when they were walking out of the building, boxes in hand. EY just paid $100 million for their latest shenanigans, that’s got to hit those K-1s. Now we see headlines literally everyday like, “KPMG singled out for declining audit quality.” Or, “Declining in quality’: auditors face scrutiny over string of scandals.” KPMG’s report on GE, “PWC probably did celebrate when it helped Mattel cover up an accounting error.” “PWC would appreciate it if staff would stop getting drunk in the office.” Etc, etc, etc. What about that audit report EY did on Lehman Bros? There is something to be proud of. These guys haven’t produced a product worth a crap in years. Big four people remind me of really religious people. If you have to tell people you are something, you’re probably not.
This comment is EVERYTHING!