We have held off on this one as long as we can, but some of you are anxious to get the results from our Compensation Survey and the only thing holding us up is this here compensation discussion. So let's get to it!
Since compensation season kicked off, we've learned that accounting firms are having a fantastic year. Accounting Today says firm revenues are up 6.7% over last year, so just how much of that is trickling down to the unwashed masses?
As of yet, only one group appears to have phoned in their discussions, and that would be somewhere in the great wide Mid Atlantic according to our lone tipster:
Hey didn't see a KPMG comp thread up but everyone in my group is having their year end reviews today and promotions and all that have been announced.
As for everyone else? Who knows! KPMG is historically late to the game, so we wouldn't be surprised if this baby doesn't catch fire until the end of the month or even later. But if we don't do this now, we'll probably forget and then all of you will start bitching as if we were supposed to know the exact moment you got your comp numbers because we're so good at reading minds. But let's say we're thinking early next week?
Now, since we will probably be waiting a bit for KPMG to get on this comp thing, now would be an excellent time to remind you to take the GC Compensation Survey if you haven't already. The response has been great, so once this puppy is wrapped up, we'll have lots to share with you.
So get to it!