It wouldn’t be a Monday without another dumbass phrase related to employment and work: ‘Job hugging’ has replaced job-hopping, consultants say.
The so-called great resignation has become the “great stay.” But experts say workers aren’t just staying — they’re “job hugging.”
Job hugging is the act of holding onto a job “for dear life,” consultants at Korn Ferry, an organizational consulting firm, wrote last week.
Such clinging is a stark contrast from the historic rate of job-hopping that workers exhibited in 2021 and 2022, but makes sense given current labor market trends.
“There is this stagnation in the labor market, where the hires, quits and layoff rates are low,” said Laura Ullrich, director of economic research in North America at the Indeed Hiring Lab. “There’s just not a lot of movement at all.”
Last week’s phrase was “quiet cracking,” when “workers ‘show up, they do their job, but they struggle in silence while they do it,'” according to EY Americas’ chief well-being officer Frank Giampietro.
I have some SHOCKING news from r/Big4, I hope you’re sitting down.
Hold up, you're telling me firms LIED about investing PE money into comp and bonuses for their people!? 😯
— Going Concern (@going_concern) August 18, 2025
Post on r/Big4: https://t.co/cAkFFD74UN pic.twitter.com/mjCy61NX9N
It’s been a year since 26-year-old EY India auditor Anna Sebastian Perayil died of what her people said was an “overwhelming workload.” People talks about it:
Anna’s best friend, Ann Mary, told Onmanorama that the late woman’s parents are working hard to keep her memory alive.
“What they are focusing on now is Anna’s dreams. Things she wanted to do and would have done if she were alive. That’s their purpose now,” she said.
Ann Treasa Joseph, another friend, told the outlet, “Whenever we see Anna’s mother, she breaks down. They are still in shock.”
She added, “Many of us have come together to attend her death anniversary. We all miss her so much.”
Earlier:
- Mother Pens Letter Calling Out EY After Her Overworked Daughter Suddenly Passed Away at 26
- EY Responds to the Viral Letter From Bereaved Mother of a Deceased Auditor, Social Media Calls BS
Canadian salaries are on the rise, according to the 2025 CPA Profession Compensation Study by CPA Canada. Canadian Accountant reports:
CPAs are earning more than ever before and compensation is outpacing inflation, according to a national survey conducted by market research company Leger, for Chartered Professional Accountants of Canada. The 2025 CPA Compensation Study reports chartered professional accountants earned a national median compensation of $154,000 in 2024 — the highest since the study began in 2012 — for those with three years or more of experience in the profession.
Between 2022 and 2024, the survey suggests median compensation for CPAs rose by 7.7 per cent — exceeding Canada’s 6.4 per cent inflation rate over the same period — and a 47 per cent increase over 12 years, according to CPA Canada. The data was based on roughly 7,500 voluntary responses from CPAs regarding their 2024 compensation, of which less than five per cent resided abroad.
Hindustan Times has published an article that insists India needs its own homegrown consultancies instead of doing the work for everyone else while the big wigs back in the US get the invites to WEF parties and Washington dinners.
India has built global leaders in IT services, pharmaceuticals and AI, but not yet in management consulting. India-bred management consulting firms still face challenges due to weaker brand recognition and legacy biases. This needs to change. Thinking in India is as important as making in India.
Management consulting is soft power. These firms shape decisions and public policy. They influence how reforms are structured and how large-scale initiatives are executed. Consulting firms have helped define industrial policy in Europe, health care reform in the UK, and digital transformation in Southeast Asia.
This makes management consulting a powerful form of soft power. The models and frameworks aren’t just tools, but worldviews. For a country that seeks to lead in the decades ahead, shaping these worldviews becomes a strategic imperative.
Let’s keep an eye on this. Probably nothing.
Another day, another data breach at an accounting firm.
Langdon & Company, LLP, a certified public accountancy firm based in Garner, North Carolina, has recently notified 46,061 individuals about a breach of some of their protected health information. Langdon & Company is a business associate of Easterseals North Carolina & Virginia, which provides services to individuals with disabilities.
The affected data may include address, birth date, Taxpayer identification number, Social Security number, financial account information, medical information, health insurance information, and/or digital signature.
Bloomberg Tax has a depressing story from tax court:
The IRS had no deadline to assess additional taxes on a filer when, without her knowledge, her tax return preparer had committed fraud against the agency in the 1990s, the Third Circuit ruled Monday.
The federal government normally has a three-year deadline to audit a tax return and make assessments, but that deadline is suspended under IRC Section 6501(c)(1) when the return is false or fraudulent with an intent to evade tax. But that statute is “agnostic” as to who exactly is trying to evade tax, be it the taxpayer or some other party, Judge Tamika R. Montgomery-Reeves said.
THE 1990s.
Sean Kingston is going to Club Fed for a couple years:
Rapper Sean Kingston has been sentenced to three and a half years in federal prison in a million-dollar fraud scheme.
The “Beautiful Girls” singer was convicted earlier this year, along with his mother, in a wire fraud scheme where they stole luxury items including watches, a 232-inch LED TV, a bulletproof Cadillac Escalade and furniture, exceeding $1m (£738,000).
Prosecutors said Kingston – whose legal name is Kisean Anderson – and his mother used the rapper’s celebrity status to get victims to give them products and when payment was due would send them fake wire receipts.
An audit by the state found that California could save several hundred millions of dollars a year if state employees work from home three or more days a week, reports CapRadio in Sacramento:
Auditors found the state is paying for millions of square feet of unused office space and that desk-sharing programs could cut costs significantly.
But Governor Gavin Newsom has ordered most employees back in the office four days a week, which has sparked frustration for many of them.
The report also says Newsom’s return-to-office orders were issued without fully assessing office space needs or costs.
Ted Toppin, who leads a state employee union, Professional Engineers in California Government, said his members are concerned about added costs and disruptions to their lives.
“The auditors’ report essentially said if you put folks into a cohesive workplace two days a week, you could save $225 million a year,” Toppin said. “That is real money and we have a budget deficit.”
That’s it for this morning’s news. If you’ve seen something we should write about, have a tip, or just want to gripe about the dire state of your mental health you are always welcome to reach out via email or text. Have a good week!
