From the mailbag:
Crowe raises are occurring and effective 10/1. Wide range as low as 2% to as high as 15%. Promotion raises lower than typical 12%. No back pay or bonuses for missed time since April cuts. No 401k match.
So when we reported back in April about the hundreds of job cuts at Crowe, we were told there would be no annual salary increases for employees. Did Jim Powers change his tune?
Why were Crowe employees hoping for back pay or bonuses for missed time? We weren’t aware of any employee pay cuts, just pay cuts for partners and officers. Were some employees furloughed?
We were told in April that 401(k) matching at Crowe involves two components: company match and an “age-based” match. A source told us at that time that the firm was not contributing to the age-based portion but was still continuing with the 2.5% maximum match. Is that still the case, or did that change?
So many questions.
If any of you at the House of Powers have the answers, please enlighten us by getting in touch using the contact info below.