There has been lots of gossip out there about accounting firms freezing pay and skipping bonuses this year. Not surprisingly, this has been welcomed with a resounding “fuck this” by many of you.
Tough job market and near-apocalyptic economic conditions notwithstanding, you can’t really blame people that are ready to jump ship after billing more hours than they ever have before and then are told, “Thanks for all your help this year. Oh, and we can’t even afford to give you a cost-of-living increase.”
Considering the layoff bloodbath that has occurred in the past 12 months, which includes partners, one has to wonder why the hell these firms are continuing to slash costs. Many survivors of the massacre will get over the whole “thankfully I have a job” mentality when they’re welcomed with a new low in gratitude from their employers.
Firms face struggle to keep hold of top talent [Accountancy Age]