Please ensure Javascript is enabled for purposes of website accessibility
October 1, 2023

Compensation Watch ’21: Cherry Bekaert Gave Out Some Mid-Year Morale Boosters

During this time of year when there’s hardly anything going on because most of you have started your holiday break and are (theoretically) not doing any work and spending time with your family and friends, this news from a manager at top 27 firm Cherry Bekaert dropped in our lap last week:

People have started to get personalized emails about comp adjustments.

My pay increase was close to 5%.

It’s a good firm and these are challenging times. The firm has experienced extreme turnover and we have all been working long hours with no breaks. Managers have been doing ENORMOUS amounts of senior work. The pay increase communicates that the firm is willing to take some steps.

5% is definitely top end. Looks like the range is 3-5%.

In addition, we were told the firm is giving employees a $300 remote work stipend in 2022 and $100 worth of bravo points, which can be used to buy gift cards, headphones, etc.

CBers, did your mid-year comp adjustment fall within that 3% to 5% range? Will this keep you around for another busy season? Let us know in the comments or get in touch with us using the contact info below.

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

Prager Metis building in Decentraland

Prager Metis Just Got Thoroughly Boned By the SEC For Hundreds of Independence Violations

It’s not every day you get to witness a firm getting hit with HUNDREDS of independence violations in one fell swoop. Well today Prager Metis got the independence violation high score in an SEC complaint alleging a mess of them. From the SEC: The Securities and Exchange Commission today announced charges against accounting firm Prager […]

what in the actual hell on a sign

This Shady Chattanooga Accounting Firm Just Went Down in Flames and Still Owes Staff Months of Pay

Ed. note: the original story included quoted, attributed text from Chattanooga Times Free Press. We’ve removed this quote by their request after receiving a nasty email. Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. […]