{"id":1000897215,"date":"2024-09-24T12:45:30","date_gmt":"2024-09-24T16:45:30","guid":{"rendered":"https:\/\/www.goingconcern.com\/?p=1000897215"},"modified":"2024-09-24T12:45:30","modified_gmt":"2024-09-24T16:45:30","slug":"ey-uk-partners-warned-again-pay-will-suck-this-year","status":"publish","type":"post","link":"https:\/\/www.goingconcern.com\/ey-uk-partners-warned-again-pay-will-suck-this-year\/","title":{"rendered":"EY UK Partners Warned Again Pay Will Suck This Year"},"content":{"rendered":"\n

Poor EY partners, ever since Project Everest<\/a> fell apart they’ve really been struggling. <\/p>\n\n\n\n

While we await EY revenue numbers that should drop some time next month, sources inside EY are running to The Times<\/em><\/a> to say partners are being warned of a second year of pay cuts ahead. <\/p>\n\n\n\n

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Partner pay at EY is set to fall for the second year in a row while senior staff will forgo a pay rise, in a sign that professional services firms are still battling a downturn.<\/p>\n\n\n\n

Benoit Laclau, the firm\u2019s managing partner who runs the consulting division for UK and Ireland, told senior managers and directors on a call last week that average partner pay would be down this year, according to EY sources.<\/p>\n<\/blockquote>\n\n\n\n

But we already knew the partners have been warned, stories about it came out back in April. Prior to the end of EY’s fiscal year on June 30, EY UK & Ireland Managing Partner, Finance and Transformation, Stuart Gregory gave a presentation to the partners letting them know partner profit could drop as much as 15 percent<\/a> this year. Based on prior year partner payouts, a 15 percent drop would be somewhere in the neighborhood of \u00a3646k ($865k USD), putting them only slightly above 2020’s low of \u00a3667k.<\/p>\n\n\n\n

2023 was the first time EY UK partner profits had taken a hit since all that stuff happened with a certain virus we don’t talk about anymore. Partner pay at EY UK so far for this decade:<\/p>\n\n\n\n