Related Posts

Bonus Watch ’11: PwC Gives Most of the Staff a Pat on the Back

Along with last Friday’s news of “exciting changes” coming in the compensation structure, we’ve received word a little bonus paid out PwC’s last run:

I’m a little surprised no one has emailed you about the bonuses that were paid out this last pay period to PwC associates and seniors. This wasn’t across the board to everyone like the first December bonus [Bonus Watch ‘10: PwC Holiday Payouts Coming In]. I think first years all got $500 (since they didn’t receive the first December bonus) then everyone else received a bonus that was tied to performance/utilization (and I’m told some individuals received nothing if the managers/partners thought they didn’t cut it). I’m curious what the payouts were in other markets.

I’m a second year senior in the Midwest market and got $1200. I know of another senior up for manager that received more than that. I think this is separate from whatever changes they’re going to announce this week about our pay structure. Pretty much the message I got from my partner was this was something like a down payment on the year end bonuses, which makes me believe when our year end bonuses are announced, they’re going to immediately bring up the money they gave us in December (two bonuses for some) and then this, and say that’s why our year end bonuses are lower.

The webcast is supposed to be today but we don’t have the details and haven’t heard anything yet, so keep us updated.

Comp Watch ’11: Someone at Ernst & Young Wasn’t Too Discreet with Sensitive Info on Their Commute

From the mailbag:

Happened to be sitting behind someone on my NYC commute this week who was reading a deck (in font large enough for me to read) on EY’s salary ranges etc. Didn’t see any $ numbers and most was hard to see without context or the full page but I did see this:

(I don’t know ey terms – apr = annual performance rating?)

APR 3 4 5
S. Mgr 1% 2% 3%
Mgr 2% 3% 4%

Our tipster stated that the percentages were supposed to represent “minimum raise.” Hard what to make of this as rumors have been all over the board from “They told us not to have very high expectations,” to ” Per my discussions with an Office Managing Partner and a National Practice Leader …. raises should be close to (if not the same) as prior year.” But considering there’s an expensive legal battle on the horizon, maybe this isn’t so crazy? Discuss.