Please ensure Javascript is enabled for purposes of website accessibility
September 28, 2023

Comp Watch ’20: BDO USA Is Restoring Everyone’s Pay—But Promotions and Raises Will Have to Wait

Hope everyone had a good weekend celebrating the ol’ red, white, and blue. Speaking of red, white, and blue, the firm that sports these colors, BDO USA, is ending pay cuts effective Aug. 1, according to sources.

You gotta hand it to BDO thus far. The firm cut employee pay 5% to 10% in early April to preserve as many BDOers’ jobs as possible, and other than a handful of performance-related job cuts that we heard about a couple months ago, there hasn’t been a mass layoff at Bravo Delta Oscar during the pandemic.

Not too many of BDO’s midtier competitors can say the same.

While everyone at BDO is happy to be getting their full pay back, they’re going to have to wait a little longer for news of promotions and raises. Compensation discussions at BDO used to start as late as September and as early as the end of July. But then we were told recently they’re back to being in September or October? I dunno. Anyway, here’s what a source told us last week:

Promotions/raises being pushed back, with 11/1 being either the current expectation or the “latest” date.

Another source told us:

November first is hopefully the latest date.

We haven’t heard anything yet about bonuses. So if you know, let us know, because those who know, know BDO or something.

Related article:

BDO USA Is Cutting Everyone’s Pay to Stave Off Layoffs

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

Golden retriever puppy looking guilty from his punishment

BDO USA and Two of Its Audit Partners Got in Trouble and It’s Gonna Cost Them $2 Million and Change

Fresh off the PCAOB’s published naughty list, BDO USA and partners Kevin Olvera and Michael Musick got sent to the punishment corner for violations of PCAOB rules and audit standards in connection with the audit of AAC Holdings, Inc. (“AAC”) for 2017. Specifically, audit partner Olvera failed to properly evaluate three significant estimates that AAC […]

this is not the Marcum bus

Promotion Watch ’23: Marcum’s 31 New Partners Would Be a Record Were It Not For Last Year’s Freidmans

*There are no stock photos of the Marcum bus, enjoy this terrible facsimile instead. Marcum announced on Tuesday that 31 men and women are ascending to exalted partner status at the firm, 39% of whom are women. This latest partner class would have beat 2021’s record of 29 freshly minted Marcum partners had the Friedman […]