{"id":1000896810,"date":"2024-08-06T18:47:47","date_gmt":"2024-08-06T22:47:47","guid":{"rendered":"https:\/\/www.goingconcern.com\/?p=1000896810"},"modified":"2024-08-06T18:47:50","modified_gmt":"2024-08-06T22:47:50","slug":"comp-season-psa-if-youre-disappointed-it-might-be-because-they-want-you-to-quit","status":"publish","type":"post","link":"https:\/\/www.goingconcern.com\/comp-season-psa-if-youre-disappointed-it-might-be-because-they-want-you-to-quit\/","title":{"rendered":"Comp Season PSA: If You&#8217;re Disappointed, It Might Be Because They Want You to Quit"},"content":{"rendered":"\n<p>Evidently EY missed its revenue target and as a result, some EYers are getting bad news about promotions, raises, and bonuses. Bad news meaning <em>no, fuck you, <\/em>and<em> LOL<\/em>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.reddit.com\/r\/Big4\/comments\/1ekop03\/no_raise_for_staff\/\" target=\"_blank\" rel=\"noreferrer noopener\">Exhibit A<\/a>:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"646\" src=\"https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raises.png?resize=640%2C646&#038;ssl=1\" alt=\"\" class=\"wp-image-1000896812\" srcset=\"https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raises.png?w=720&amp;ssl=1 720w, https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raises.png?resize=297%2C300&amp;ssl=1 297w, https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raises.png?resize=150%2C151&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raises.png?resize=96%2C96&amp;ssl=1 96w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/figure><\/div>\n\n\n<p><a href=\"https:\/\/www.reddit.com\/r\/Big4\/comments\/1el0u1t\/no_raise_and_no_bonus\/\" target=\"_blank\" rel=\"noreferrer noopener\">Exhibit B<\/a>:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"640\" height=\"301\" src=\"https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raise-no-bonus.png?resize=640%2C301&#038;ssl=1\" alt=\"\" class=\"wp-image-1000896813\" srcset=\"https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raise-no-bonus.png?w=777&amp;ssl=1 777w, https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raise-no-bonus.png?resize=300%2C141&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raise-no-bonus.png?resize=768%2C362&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/EY-no-raise-no-bonus.png?resize=150%2C71&amp;ssl=1 150w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/figure><\/div>\n\n\n<p>While one might feel compelled to handwave these posts as a skill issue specific to the people who posted them (that certainly could be the case), <a href=\"https:\/\/www.reddit.com\/r\/Big4\/comments\/1ei56j1\/ey_official_salary_compensation_fy25\/\" target=\"_blank\" rel=\"noreferrer noopener\">the FY25 EY compensation thread is enlightening<\/a> to say the least. Some highlighted comments from the consulting side, where the majority are reporting single-digit salary increases:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>M1-&gt;M2 with a 2.4% salary increase, 0.88% bonus: &#8220;Balls in my throat&#8221;<\/li>\n\n\n\n<li>A2 (no promotion) with a 2.13% salary increase, $1000 (1.04%) bonus: &#8220;\ud83d\ude2d&#8221;<\/li>\n\n\n\n<li>M3-&gt;M4 with a 0% salary increase, 2.93% bonus: &#8220;Rethinking life choices&#8221;<\/li>\n<\/ul>\n\n\n\n<p>On the assurance side, you have majority double-digit salary increases, plenty of promotions, and zero crying emojis.<\/p>\n\n\n\n<p>This S3 in consulting with a 0% salary increase and a 0.74% bonus gets it: &#8220;They want us to quit.&#8221;<\/p>\n\n\n\n<p>Craig here gets it too:<\/p>\n\n\n\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\"><p lang=\"en\" dir=\"ltr\">This is a back door to way to reducing headcount without firing people. If you aren&#39;t getting a raise and have met all production goals, then they are indirectly telling you &quot;you&#39;re fired&quot;.<\/p>&mdash; Craig Hausz, CPA (@CPATaxTeam) <a href=\"https:\/\/twitter.com\/CPATaxTeam\/status\/1820521534638960700?ref_src=twsrc%5Etfw\">August 5, 2024<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n\n\n\n<p>Repeat after me: <strong>They want you to quit.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-they-want-you-to-quit\">They want you to quit.<\/h2>\n\n\n\n<h1 class=\"wp-block-heading\" id=\"h-they-want-you-to-quit-0\">They want you to quit.<\/h1>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"640\" height=\"67\" src=\"https:\/\/i0.wp.com\/www.goingconcern.com\/wp-content\/uploads\/2024\/08\/raise-sucks.gif?resize=640%2C67&#038;ssl=1\" alt=\"\" class=\"wp-image-1000896818\" style=\"width:890px;height:auto\"\/><\/figure><\/div>\n\n\n<p>Headlines about mass layoffs are ugly and make clients skittish. Why do that when they can just discourage people right out the door? It seems pretty obvious that&#8217;s what&#8217;s happening here.<\/p>\n\n\n\n<p>To be clear, they&#8217;re doing layoffs too. Guess that <a href=\"https:\/\/www.goingconcern.com\/ey-ceo-carmine-di-sibio-squawk-box-ai-attrition\/\" target=\"_blank\" rel=\"noreferrer noopener\">attrition is still way too low<\/a>.<\/p>\n\n\n\n<p>For fiscal 2023, <a href=\"https:\/\/www.ey.com\/en_us\/value-realized-annual-report\" target=\"_blank\" rel=\"noreferrer noopener\">EY US reported 12 percent revenue growth from FY22 for total revenue of $21.5 billion<\/a>. No specifics yet on just how bad the year ending June 30, 2024 ended up being.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evidently EY missed its revenue target and as a result, some EYers are getting bad [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":1000896821,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[27,36],"tags":[1912,9013,11463,10539,1468,801],"class_list":["post-1000896810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ey","category-salaries","tag-attrition","tag-bonus-or-lack-thereof","tag-fuck-you-pay-me","tag-gtfo","tag-promotion-denied","tag-raises"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Comp Season PSA: If You&#039;re Disappointed, It Might Be Because They Want You to Quit - Going Concern<\/title>\n<meta name=\"description\" content=\"Some people at EY are working on their resumes after getting bad news about raises, bonuses, and promotions. 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