Five short days until the end of tax season. Can you feel it? Yeah, me neither. Although if you were to win something better than average – say, an iPad – you might end up feeling something. Excitement perhaps. Shock could be another one. You might trade hate for love as it relates to a certain smug, rimless spectacled, mock-turtleneck-wearing CEO. Whatever. At least you won’t be devoid of emotion for a change.
Here’s a reminder of what’s up for grabs when you sign up for the Daily Grind enewsletter:
• One Grand Prize of an iPad 2 valued @ $500
• 1 Airline Gift Card valued @ $300
• 2 Best Buy Gift Cards valued @ $100
• 20 Going Concern Prize Packs valued @ MTM
If you’re already signed up, don’t get your knickers in a twist, you’re entered automatically. Contest ends May 5th. Entry is easy – just jump over the You Survived Another Busy Season Giveaway page and sign up for the newsletter and you’ve gotta chance. Unlike certain pretend Presidential candidates.
Details of the utilization bonus came through to managers in the NY Office to prepare them for the announcement to staff. Payments will be made in April and October based on total billable hours. Three Tiers T1 – 1700 hours, T2 1800 hours, T3 1900 hours, must meet or exceed hours listed. Bonus amounts based on base salary and level.
Associates are as follows as a percentage of base (might be slightly off, SA here and didn’t pay much attention to Associates pay) T1 – 2% T2 – 3%, T3 – 4%. Senior Associates T1 – 2.5%, T2 3.75%, T3 5%. So for a year if you reach 1900 hours, 950 Oct-April and 950 April-Oct, you would have received 10% of your base pay as a bonus broken into 2 payments.
I might have some of the numbers slightly off, as I read over my managers shoulder, and am only interested in Tier 3 SA as I had 2100 billed hours last year, but I think they are generally accurate. This was for IT Advisory. I know other Advisory practices have the same pay out rates but lower hour expectations by tier. No idea about Audit or Tax.
UPDATE: Tables from the advisory email that was sent out earlier today:
If anyone can confirm these numbers for IT Advisory, please get in touch. Likewise, [I]f you’re in other advisory groups, audit or tax and have the details, email us and we’ll update.