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October 2, 2023

Carr, Riggs & Ingram Is Giving Employees Their Full Pay Back … Soon

Here’s the latest coming out of top 20ish accounting firm Carr, Riggs & Ingram, according to a couple of tips we got on Thursday night.

Carr, Riggs & Ingram restoring income partner and staff pay a month early – Aug 31.

And …

Managing Partner sent out a firm wide email today.

They plan to reinstate Employee compensation and Income Partner compensation effective for the payroll beginning August 30th.

Also, the email stated they plan to give raises effective October 1st based on performance evaluations and merit, but the final determination will be based on the position of the economy and CRI at that time.

It seems our tipsters couldn’t agree on the exact date in August when the pay cuts will end, but let’s just say by the end of August.

Back in early April, CRI doled out across-the-board pay cuts, a result of the economic uncertainty during the early stages of the COVID-19 pandemic in the U.S., that were supposed to last through the end of the firm’s fiscal year, Sept. 30.

We were told that employee pay was cut by 10%, income partners’ pay by 20%, and equity and retired partners by 30%.

CRI joins CliftonLarsonAllen and Moss Adams as firms that have ended employee pay cuts earlier than anticipated.

Related article:

Pay Cut Watch: Apparently Everyone Is Feeling the Pain at Carr, Riggs & Ingram

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