Compensation Watch ’22: Big 4 Firm With the Most Negative Publicity In the U.K. Tries to Change All That By Giving Staff Raises of At Least £2,000
If you’re a regular visitor to this website, it shouldn’t be too hard to figure out which Big 4 firm we’re referring to: Carillion, loads of fines from the Financial Reporting Council, chairman’s rant leads to his resignation, Carillion, “unacceptable” bank audits, partners who are bullies, lawsuits, and layoffs. And did we mention Carillion? Yes, […]
Compensation Watch ’22: Mazars Opted to Give Employees a Mid-Year Raise Instead of Another Pizza Party
While our friends over at EY can’t get a sniff of a mid-year salary adjustment, another accounting firm decided to thank its employees with mo’ money instead of free pizza. We got confirmation over the weekend that Mazars USA leadership recently announced mid-year pay bumps for employees. Our source was a little skimpy on the […]
Compensation Watch ’22: KPMG Employees Are Getting Richer on April 1 (Not An April Fools’ Joke)
KPMGers got some good news today as the firm announced salary adjustments for all Klynveldians effective April 1. Here’s what was sent to our tipline: KPMG US just announced firmwide mid-year raises effective 4/1. $5k for SM, $7k for manager and senior, $3k for staff. According to an internal document posted on Fishbowl yesterday, here’s […]
Compensation Watch ’21: PwC Employees Are Getting a 5% Bump In Pay (UPDATE)
[UPDATE] Now that PwCers got that sweet, sweet “Timmy Stimmy,” a mid-year raises thread was created on r/accounting, although there hasn’t been much action in it so far. The 5% raise nearly everyone got is reflected in a few posts, while a Senior 3 in Consulting Advisory Services mentioned getting the additional 10% adjustment (see […]
Compensation Watch ’21: RSM US Employees Are Starting to Leak Their Mid-Year Raises (UPDATE)
[Update to original post from Nov. 23 with additional mid-year raise percentages.] We recently got a tip that RSM US had told employees that “they are re-evaluating market conditions and people/groups might get raises in December.” Our tipster added: “Another carrot to dangle in front of people to get them to not leave.” Apparently the phrase […]
Compensation Watch ’21: Cherry Bekaert Gave Out Some Mid-Year Morale Boosters
During this time of year when there’s hardly anything going on because most of you have started your holiday break and are (theoretically) not doing any work and spending time with your family and friends, this news from a manager at top 27 firm Cherry Bekaert dropped in our lap last week: People have started […]
Compensation Watch ’21: Grant Thornton Is Dragging Its Feet On Announcing Mid-Year Raises (NEW UPDATE)
[UPDATE on Dec. 23] Now that it’s been two weeks since we started to hear that Grant Thornton employees were getting mid-year salary adjustments, let’s take a look at the GT comp adjustment thread on Reddit to see what some GTers got: Associate 2 5% (audit) 5.7% (audit) Senior 1 9.5% (audit) Senior 2 7% […]
Compensation Watch ’21: BKD Is Handing Out Mid-Year Raises But It’s Anyone’s Guess As to How Much (NEW UPDATE)
[Updated on Dec. 22] Quick update on the folks at BKD. Apparently mid-year compensation adjustments were doled out on Dec. 17, and some BKDers posted their raises in the comments section. Based on what was posted, raises ranged from 2.3% to 4.2%. So, how did the rest of you fare? Let us know in the […]
Compensation Watch ’21: Crowe Is Full of Christmas Cheer
Three years ago this week, Crowe made the news for being fined $1.5 million by the SEC for its audits of Corporate Resource Services Inc., which can best be described in three words that are as follows, and I quote: “Stink, stank, stunk.” But this week, nothing but good news coming out of the Crowe […]
Compensation Watch ’21: Deloitte Puts Mid-Year Raises On the Table (NEW UPDATE)
[Updated on Dec. 14 with market adjustment message to employees, additional raise percentages.] Mid-year raises are definitely rolling out at Deloitte now that a comp thread has been created on Reddit. To recap, in late September, Deloitte CEO Joe Ucuzoglu told staff in an email (scroll down for the full text of Joe U.’s email) […]
Compensation Watch ’21: BDO USA Is Dangling a Mid-Year Raises Carrot (NEW UPDATE)
[Update on Dec. 13.] At the beginning of December, we got a tip from a BDOer who told us, “Communications started today. Mid-year raises are being awarded to all supposedly but individuals are getting different percentages.” This was after we were told that BDO was giving its employees an extra $500 stipend for both December […]
Compensation Watch ’21: Marcum Is Jumping On the Mid-Year Raises Bus
Marcum Chairman, CEO, and Going Concern fanboy Jeffrey Weiner must be feeling extra charitable during this season of giving, as he’ll be putting a little something extra in Marcum employees’ stockings on Jan. 1, 2022. A tipster provided us with this email that Weiner sent to Marcum employees today, with “Mid-Year Salary Increases” in the […]
Compensation Watch ’21: There Are Some Happy Folks At CohnReznick
I was scrolling through Fishbowl yesterday afternoon while I was watching that horrible Bears vs. Ravens game when this post caught my eye: At least those pay bumps are at or above current inflation levels, so that’s a plus. The thread continued … We hadn’t heard from anyone in the rank and file at CohnReznick […]
Compensation Watch ’20: Who Is Getting Mid-Year Raises At KPMG?
With all this talk about mid-year raises at PwC starting Jan. 1, $1,500 holiday/mid-year bonuses at Deloitte, and mid-year salary bumps at EY effective Jan. 9, all we’ve heard are crickets on our tipline about what’s going on at KPMG. But I did notice this post on Fishbowl last Friday: In a different post on […]
Compensation Watch ’20: PwC Making Mid-Year Salary Adjustments For Everyone
Christmas came early for those donning the orange, red, and yellow, as PwC employees were told the following today during a firmwide webcast, according to a tipster (bold emphasis added): PwC avoided layoffs by freezing pay, paid (smaller than target but still substantial) bonuses in the fall, now increasing base pay for nearly all staff […]