{"id":19475,"date":"2010-04-29T23:35:51","date_gmt":"2010-04-29T23:35:51","guid":{"rendered":"http:\/\/www.goingconcern.com\/?p=19475"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T05:00:00","slug":"throw-down-ernst-young%e2%80%99s-raises-will-be-better-than-those-delivered-by-pricewaterhousecoopers","status":"publish","type":"post","link":"https:\/\/www.goingconcern.com\/throw-down-ernst-young%e2%80%99s-raises-will-be-better-than-those-delivered-by-pricewaterhousecoopers\/","title":{"rendered":"Ernst & Young\u2019s Raises Will Be Better Than PricewaterhouseCoopers’"},"content":{"rendered":"

I said it on Tuesday<\/a> and I\u2019ll say it again. HERE. WE. GO. <\/p>\n

Caleb ran a post yesterday about Ernst & Young raises<\/a> that as of deadline time had no comments. Zilch. Nadda. I was surprised by this because if anything guarantees comments on GC posts it\u2019s talk about layoffs<\/a>, Overstock.com shenanigans<\/a>, and money<\/a> (not in that order). Needless to say, I think this update will change things. <\/p>\n


\nGC received a tidbit from an EY reader about the recent phone call: <\/p>\n

\u201cI did receive a voicemail from Steve reassuring compensations but, it appears that the firm will concentrate giving raises to its “high performers”. So, this potentially could mean that only EYers rated a 5 (need to catch a fraud to get this or have really sore knees) or 4s (need to be well liked all the way up the pipeline on an audit) will have a respectable raise.\u201d <\/p><\/blockquote>\n

So – if you burned through busy season working yourself to the bone for Uncle Steve but stopped short of needing knee pads (it should also be noted that the parts in parentheses above are part of the original email\u2026) you might be shit out of luck for a respectable raise. <\/p>\n

Continuing\u2026 <\/p>\n

\u201cIn addition, I checked with a partner and the August 1st early pay increase is a rumor. The rumor appeared believable since EY is a monkey see monkey do type of firm but, our partner said that EY’s raises although be start on October 1st, will be higher than what PwC will offer to its auditors<\/strong><\/u>.\u201d <\/p><\/blockquote>\n

Boom. To quote my man and crime fighting detective<\/a> Marcus Burnett, \u201cShit just got real.\u201d <\/p>\n

Shit. Just. Got. Real<\/em>. <\/p>\n

Is there any credibility to this? Sure there is. To think that the upper leadership from every firm does not talk to one another about compensation targets is ridiculous. Merely for the sake of the partners\u2019 bottom line, it\u2019s necessary to know what ones competitors<\/s> peers are paying in compensation. Why some loose-lipped partner is sharing this information is beyond me, but hey, it\u2019s dedicated readers fed up with their own compensation that forward these tips on. Now, let\u2019s talk it out. <\/p>\n

Which would you prefer \u2013 every 10 key cruncher receiving a mediocre payout or just the stars receiving something slightly-better-than-insulting? Comment below, regardless of which firm you work for. Be sure to shed some light on the timing of EY\u2019s payouts if you know any details.<\/p>\n","protected":false},"excerpt":{"rendered":"

I said it on Tuesday<\/a> and I\u2019ll say it again. HERE. WE. GO. <\/p>\n

Caleb ran a post yesterday about Ernst & Young raises<\/a> that as of deadline time had no comments. Zilch. Nadda. I was surprised by this because if anything guarantees comments on GC posts it\u2019s talk about layoffs<\/a>, Overstock.com shenanigans<\/a>, and money<\/a> (not in that order). Needless to say, I think this update will change things. <\/p>\n


\nGC received a tidbit from an EY reader about the recent phone call: <\/p>\n

\n

\u201cI did receive a voicemail from Steve reassuring compensations but, it appears that the firm will concentrate giving raises to its “high performers”. So, this potentially could mean that only EYers rated a 5 (need to catch a fraud to get this or have really sore knees) or 4s (need to be well liked all the way up the pipeline on an audit) will have a respectable raise.\u201d <\/p>\n<\/blockquote>\n

So – if you burned through busy season working yourself to the bone for Uncle Steve but stopped short of needing knee pads (it should also be noted that the parts in parentheses above are part of the original email\u2026) you might be shit out of luck for a respectable raise. <\/p>\n

Continuing\u2026 <\/p>\n

\n

\u201cIn addition, I checked with a partner and the August 1st early pay increase is a rumor. The rumor appeared believable since EY is a monkey see monkey do type of firm but, our partner said that EY’s raises although be start on October 1st, will be higher than what PwC will offer to its auditors<\/strong><\/u>.\u201d <\/p>\n<\/blockquote>\n

Boom. To quote my man and crime fighting detective<\/a> Marcus Burnett, \u201cShit just got real.\u201d <\/p>\n

Shit. Just. Got. Real<\/em>. <\/p>\n

Is there any credibility to this? Sure there is. To think that the upper leadership from every firm does not talk to one another about compensation targets is ridiculous. Merely for the sake of the partners\u2019 bottom line, it\u2019s necessary to know what ones competitors<\/s> peers are paying in compensation. Why some loose-lipped partner is sharing this information is beyond me, but hey, it\u2019s dedicated readers fed up with their own compensation that forward these tips on. Now, let\u2019s talk it out. <\/p>\n

Which would you prefer \u2013 every 10 key cruncher receiving a mediocre payout or just the stars receiving something slightly-better-than-insulting? Comment below, regardless of which firm you work for. Be sure to shed some light on the timing of EY\u2019s payouts if you know any details.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[27,29,36],"tags":[227,372,1677,790,802],"class_list":["post-19475","post","type-post","status-publish","format-standard","hentry","category-ey","category-pwc","category-salaries","tag-challenge-accepted","tag-ernst-young","tag-pricewaterhousecoopers","tag-pwc","tag-raises-or-lack-thereof"],"yoast_head":"\nErnst & Young\u2019s Raises Will Be Better Than PricewaterhouseCoopers' - Going Concern<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.goingconcern.com\/throw-down-ernst-young\u2019s-raises-will-be-better-than-those-delivered-by-pricewaterhousecoopers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ernst & Young\u2019s Raises Will Be Better Than PricewaterhouseCoopers'\" \/>\n<meta property=\"og:description\" content=\"I said it on Tuesday and I\u2019ll say it again. HERE. WE. GO. Caleb ran a post yesterday about Ernst & Young raises that as of deadline time had no comments. Zilch. Nadda. I was surprised by this because if anything guarantees comments on GC posts it\u2019s talk about layoffs, Overstock.com shenanigans, and money (not in that order). Needless to say, I think this update will change things. GC received a tidbit from an EY reader about the recent phone call: \u201cI did receive a voicemail from Steve reassuring compensations but, it appears that the firm will concentrate giving raises to its "high performers". So, this potentially could mean that only EYers rated a 5 (need to catch a fraud to get this or have really sore knees) or 4s (need to be well liked all the way up the pipeline on an audit) will have a respectable raise.\u201d So - if you burned through busy season working yourself to the bone for Uncle Steve but stopped short of needing knee pads (it should also be noted that the parts in parentheses above are part of the original email\u2026) you might be shit out of luck for a respectable raise. Continuing\u2026 \u201cIn addition, I checked with a partner and the August 1st early pay increase is a rumor. The rumor appeared believable since EY is a monkey see monkey do type of firm but, our partner said that EY's raises although be start on October 1st, will be higher than what PwC will offer to its auditors.\u201d Boom. To quote my man and crime fighting detective Marcus Burnett, \u201cShit just got real.\u201d Shit. Just. Got. Real. Is there any credibility to this? Sure there is. To think that the upper leadership from every firm does not talk to one another about compensation targets is ridiculous. Merely for the sake of the partners\u2019 bottom line, it\u2019s necessary to know what ones competitors peers are paying in compensation. Why some loose-lipped partner is sharing this information is beyond me, but hey, it\u2019s dedicated readers fed up with their own compensation that forward these tips on. Now, let\u2019s talk it out. Which would you prefer \u2013 every 10 key cruncher receiving a mediocre payout or just the stars receiving something slightly-better-than-insulting? Comment below, regardless of which firm you work for. 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HERE. WE. GO. Caleb ran a post yesterday about Ernst & Young raises that as of deadline time had no comments. Zilch. Nadda. I was surprised by this because if anything guarantees comments on GC posts it\u2019s talk about layoffs, Overstock.com shenanigans, and money (not in that order). Needless to say, I think this update will change things. GC received a tidbit from an EY reader about the recent phone call: \u201cI did receive a voicemail from Steve reassuring compensations but, it appears that the firm will concentrate giving raises to its \"high performers\". So, this potentially could mean that only EYers rated a 5 (need to catch a fraud to get this or have really sore knees) or 4s (need to be well liked all the way up the pipeline on an audit) will have a respectable raise.\u201d So - if you burned through busy season working yourself to the bone for Uncle Steve but stopped short of needing knee pads (it should also be noted that the parts in parentheses above are part of the original email\u2026) you might be shit out of luck for a respectable raise. Continuing\u2026 \u201cIn addition, I checked with a partner and the August 1st early pay increase is a rumor. The rumor appeared believable since EY is a monkey see monkey do type of firm but, our partner said that EY's raises although be start on October 1st, will be higher than what PwC will offer to its auditors.\u201d Boom. To quote my man and crime fighting detective Marcus Burnett, \u201cShit just got real.\u201d Shit. Just. Got. Real. Is there any credibility to this? Sure there is. To think that the upper leadership from every firm does not talk to one another about compensation targets is ridiculous. Merely for the sake of the partners\u2019 bottom line, it\u2019s necessary to know what ones competitors peers are paying in compensation. Why some loose-lipped partner is sharing this information is beyond me, but hey, it\u2019s dedicated readers fed up with their own compensation that forward these tips on. Now, let\u2019s talk it out. Which would you prefer \u2013 every 10 key cruncher receiving a mediocre payout or just the stars receiving something slightly-better-than-insulting? Comment below, regardless of which firm you work for. 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