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September 26, 2023

When accounting goes unaccounted for

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KPMG

(UPDATE) Comp Watch ’11: Early Returns Are in at KPMG

by Caleb Newquist

From the mailbag:

How about an open thread for KPMG 2011 comp discussions? Sit downs are happening this week. I’m a senior, Midwest, 13% salary increase, $3K bonus.


It seems early for comp discussions at the House of Klynveld but none other than the memo from Johnny V. and Keizer Söze stated that they were happening “later this month.” Our tipster speculated as to the motivation:

In the interest of getting people to not quit, they moved up discussions this year. The salary increases are finalized. The bonus amounts are projected, but they have stated that they are conservative projections.

Okay, then. Feel free to add if you’re planning on deferring your Early Career Investment Bonus or taking the money and GTFO (if you make it to May 2013, that is).

UPDATE:
The latest from an auditor in New York:

I have my comp discussion tomorrow and I’ve heard good things (16.4% and up)

Keep us updated.

From the mailbag:

How about an open thread for KPMG 2011 comp discussions? Sit downs are happening this week. I'm a senior, Midwest, 13% salary increase, $3K bonus.

It seems early for comp discussions at the House of Klynveld but none other than the memo from Johnny V. and Keizer Söze stated that they were happening "later this month." Our tipster speculated as to the motivation:

In the interest of getting people to not quit, they moved up discussions this year. The salary increases are finalized. The bonus amounts are projected, but they have stated that they are conservative projections.

Okay, then. Feel free to add if you're planning on deferring your Early Career Investment Bonus or taking the money and GTFO (if you make it to May 2013, that is). UPDATE: The latest from an auditor in New York:

I have my comp discussion tomorrow and I've heard good things (16.4% and up)

Keep us updated.

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