“Like oxygen, audit quality may not be fully appreciated when it is present, but I […]
We kid, we kid. The lid being blown off PwC Email Hottiegate probably has a few people down in the dumps but it’s more likely that Ireland’s Greece impersonation is what has the country’s accountants wallowing in their sorrows.
Irish accountants are more pessimistic than their international counterparts about the future of the economy, according to a new global survey.
Only about a quarter of Irish accountants, surveyed by the Association of Chartered Certified Accountants (ACCA), believed the global economy was in, or close to, recovery and more than half believed it would remain stagnant for some time yet.
This is much more pessimistic than the global view where less than half believed that conditions were stagnating or deteriorating. With regards to business confidence, Irish respondents continued to report falling confidence, but only marginally so, with 32 per cent reporting a loss of confidence and 27 per cent reporting gains.
Accordingly, some of the senior partners in the advisory practice have taken it upon themselves to remind everyone how things are turning around.
From a green-dot familiar with the situation:
There has been an up-tick in senior partner communication recently – mostly in the form of mass e-mail communications, published “Your Questions Answered” videos and in-person “Straight-Talk” sessions – seeming aimed at reassuring the masses that Deloitte’s on its way to the promised land. The message is pretty clear that we’ve survived the recession, are hiring like crazy, are bringing in new business at a solid clip and that we’re spanking our competition (i.e., need to look into the rear-view mirror to find PwC and gang).
This, of course, is in contrast to what we in the trenches feel; that our compensation isn’t mirroring our level of output, that we can’t staff engagements because we don’t have enough resources and that all of our friends are leaving for our competitors. This disparity is acknowledged by the partnership; and at least at one straight talk session, we were told that they can’t figure out why we don’t see the light. It was then proposed that we’re still in “shock mode” because of the last few years; but this observer thinks it’s more that we’re working so hard to produce results for the partners that we can’t see the light because the only free time we have is the few hours of twilight that exists each day – and that’s for sleeping (or other creative stress reducing activities ).
Btw, not sure what you’re hearing; but in my group-region alone, I know of 8 people who have left in the last month (the group-region is about 120 people).
Okay then – so it boils down to either being in “shock mode” or your terrible attitude. Share your position on the matter and what camp you fall into below.
On Tuesday we shared with you an article from Crain’s that quoted executive recruiter (and maybe former astronaut?) Buzz Patterson, “I’d say the dissatisfaction index would probably be at a 10-year high, in the high 60s or low 70s,” with respect to the accounting profession.
If this statement is even remotely true, this means those of you just getting your chops are seeing the worst morale in a decade. We’re talking pretty flippin’ epic misery here. For those of you that have been around for years (or even a decade or more) is this really the worst time you remember? If you’re a veteran of the biz, share your perspective in the comments below.
Also, to get things rolling on this second-to-last Thursday of October, we thought it might be interesting to gauge the crowd here at GC. After the jump, pull the lever for your level of satisfaction with your job. Use these explanations as a guide: 5 – “Hand me a cigarette”; 3 – “Take it or leave it”; 1 – “About to go postal.”
For some time now, Caleb has been touching on the upcoming/ongoing/always-occurring exodus from Big 4 into the private sector. The obvious reasons for the change from public to private are obvious, but here’s a few for kicks:
• Bigger pay day (and potential growth)
• CPA requirements completed
• Actual work/life balance