Anybody else upset about PwC annualizing the bonuses (meaning no bonus until Sept 30, 2017) basically skipping any bonuses for FY17.

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

It's a way for PwC to make cuts without laying people off. I agree it's ridiculous though. They also pretty much took away all the WeCare money. So much for taking my team out to lunch once in a while.

like

Except the bonus anoint will be reduced ..to equal last year, my annual bonus percent would have to go from 10% to 16% to equal my bonus and contribution award in the PY. There is no way bonus percents for seniors go up that much so it's bs and a way to reduce bonuses.

like
Recent IconRecent

It's ridiculous...and in PwC news they were like..you guys asked for this, we heard you! It's like idk anyone who wanted this! Just another tactic to try to keep people from leaving since September is so late in the year and a way to screw seniors out of money

like

Bitching ? Wait until your entire team leaves in September .

like

At least we're not enrolled in the Jelly of the Month club. (Name the reference, and you're my people...)

like

Pwc 7 must be a partner. Or someone who's had a lot of koolaid!

like

For someone who got placed on a shitty engagement one month before this announcement, with the only light at the end of the shitty client tunnel being my utilization would be blessed up for that bonus, it really sucks.

What's worse is that in recent PwC News, Tim said distributable income was above Q1 budget. Distribute that into my bank account, bruh.

like

This is going to fuck the firm over. Wait for the mass exodus of people in October/November since they'll wait around for bonuses to get paid out before dipping.

like

Also I'd be surprised if the annual bonuses actually increase for the contribution awards.

like

Not to mention all the money they'll save with all the people who will leave before the payout 👍🏼

like

Associates got bonuses. As a first and second year we got contribution awards in December and again in the spring. Now I'm waiting until September 2017 to potentially get this bonus. Time value of money is the first chapter in finance 101.

like

Associates did not complain about not getting a bonus ! They sent out some survey and/or about would you enjoy a annualized bonus ( did not mention taking away contribution awards) of course we said yes. It was not a transparent question.

like

To you it might be, but to a lower level associate it is everything.

like

I hate it too 😒

like

You guys can always make a move before busy season. I work for a consulting firm that's currently hiring like crazy. 20% more pay + no busy season.

like

im furious

like

Maria's note said the senior annual bonus ranges will be increased to account for the contribution awards going away - the annual bonus ranges for FY17 haven't been released.

I can tell you first hand that the allocation of the contribution awards was pretty subjective and basically left up to the managers - if the managers you worked with did not get involved, you got hosed. By linking the bonus to annual performance, I think it will be much more fair to the high performers/contributors. Tax has had not contribution bonuses for awhile and people generally seem ok with it.

I get the timing of the announcement is not ideal, but at least they're not taking away or reducing the bonus amount - just pushing back the payout date.

like

Christmas Vacation!

like

Best movie ever.

like

There's no way to make everyone happy. Associates complained about not getting a bonus even though they get the contribution awards. So now they're finally getting a "bonus".

like

Related Posts

Hi I am a 26 yr old patient account specialist making about 45k for a physical therapy company., that I have been with for 3 years. I’m now looking to for a 10-15k pay raise. Elevance is a company I’d like to get into for potential growth. My resume is available upon request, and any advice would be truly appreciated.

like

Anyone know salary range for Product Manager - Associate role in NYC? YOE: 5.5

like

Will Cognizant offer 35 lpa for 11 years exp. And senior manager role?

likefunnyuplifting

Hello Folks,
Can you pls advise on which company to go for.
R-Systems : They are providing WFH + clarity on the project and team for which I’ll be working upon.
CTS : No clarity as of now, only thing I am aware is that I’m a part of full stack community.
HCL : Some clarity on the project but less package than other two.
R-Systems and CTS are giving same CTC.
YOE ~8
Skill set : . Net full stack + Angular + Azure

Thanks

like

What will be in hand salary per month for fixed pay 20 LPA in EY GDS after tax deduction?

like

Hi Fishes,

Can anybody please help me out with the market corrected salary of Associates in PWC India (Tax Tech Stack).

like

what is the salary range for a consultant at progression level 1 with accenture in a tier 2 city?

like

Any idea on SM1 and SM2 comp at Accenture Strategy (CMT focus)?

like

Anyone in Deloitte UK ? Can you pls share the compensation range for a senior consultant in the cognitive and insights ?

like

Does anyone know Barclays Ib summer bonus cycle month?? Thanks in advance

like

Hi Everyone !!!

This June I completed my 9 months at Career Level 12 and Sub Level 3 I.e, CL 12.3 at
Accenture Operations. My Annual Talent Discussion and One-on-One with People Lead is complete as of last week.

I have 3 questions now :
1. When can I expect to move to 12.2 ?
2. What is the general hike I can expect ? And when it is reflected ?
3. When will be the variable pay will be paid out ?

Can anyone here help me with this performance cycle part ? I am really confused.

Accenture

like

Hi Fishes,

What is the difference between Siemens and STSPL? Are they same and has same work culture , salary slabs, benifits and WBL?

like

Is there any specific payscale for each corporate grade band?

like

What's the salary range of a SAP FICO Consultant (5-7 yoe) at companies like Wallmart, Mercedes Benz, Autodesk? Can anyone please enlighten me?

like

What salary should be expected of a business control role in Citadel securities, working under CFO/CRO office in NYC. With total 10+ YOE.
This role sits directly under enterprise risk head.

@citadel

like
like

I have an offer and want to negotiate

1. London base salary but I have to absorb all the expenses (train + stay)
I am thinking to negotiate to

2. home base salary and have my expenses paid for

I know that's depends on the amount I have to travel (and potentially stay) but at the moment this is unknown. Past 8 months was just twice a month + 2 nights stay.

The only thing I know is it won't be every week, the return trian ticket is about £80-100, depends I could plan ahead.

My last working day is may 31st and the salary day is also same...Will I get my salary or it will be in final settlement

like
like

Is transaction advisory better than cfo advisory? In terms of work and pay..

like

More Posts

When you’ve put in a lot of hard-work as a developer on a great project and received the best performance award but compensation has been same since Day 1…and have completed 2 years in the company. Furthermore no signs of compensation going up…Is it the best time to leave or stay? Additionally too many management changes have taken place that everything feels out of place.

like

Hi, Is there anyone in here who is a QA (Quality Assurance or Tester)? Can someone share how to get started in QA If you have no tech background? I would love to get some insights if you are someone who has transitioned into QA or testing with no prior experience or background, and how did you get your roles ?

Thanks a lot!

like

Favorite designer brands?

like
like

Hi fishes, what are some good work life balance and learning projects/ clients in epam anywhr for front end react profile?

like

hi all! using a moniker for privacy reasons - i’m a graduate consultant at a boutique shop in Sydney ~3 months of experience after a bachelors in business from UTS (graduated earlier this year). my 485 expires in Oct 2024, and i’m keen to stay back after that - can anyone who’s been there done that share some things that i can start doing to help my chances of being sponsored? this might include things i can do on the job as well as other options like networking.. thanks!

like

What are some interesting non-tech/insurance/advertising/consulting careers where data science is applied? Thinking of epidemiology and economics

like

Hi Sharks ,

Need your suggestion , I am having a HR discussion tomorrow in Coforge .
How much should I ask for below profile .
CCTC : 15.8 LPA
Offer In hand : 20 LPA fix + 1.5 L JB IBM
YOE : 6.6
Tech : Bigdata , Spark and Scala

like

I'm at wits end guys. After spending the past 2 years producing and learning new skills in the gaming industry. I'm completely unable to find work.
I have 8+ years of experience as a full stack web developer with a strong set of design skills having begun my career in User Experience Design. Now with the last two years I've added game production in Unity, C#, 3D modeling and animation, level design, narrative design, and asset management to my skillset. I'm unable to support myself.

like

For anyone in the Chicago area looking for a wedding planner; I can't recommend Frank Event Design highly enough! He's amazing! AMA

Post Photo
like

Will GraphQl replace Rest?

like

Serious question: Do you feel guilty when your airline status lets you jump others on the standby list?

I personally do, but not enough to give it up.

like

I need job portal in Dubai to apply for IT jobs. Also am traveling to dubai next week. I need ur comments.

like

Anyone who is an SDET? How much coding do you do?

like

Today is my first day back at work (and first full day back in my physical office) after a few weeks off for parental leave. Needless to say, I am struggling to stay focused on anything other than wanting to go back home to my spouse and child.

I know I shouldn't take an emotional temperature on day one, but it has been more difficult being back than I anticipated. Any tips for navigating the waters for the first day/week/month back?

like

I informally accepted a position at Silicon Valley Bank, after attempting to negotiate a higher wage, the recruiter advised this wasn't a possibility. However, while completing the background check I received another offer from Wells Fargo. The SVB position most aligns with my career objectives but the Wells Fargo position pays more (13k difference). I want the SVB position however I would like to leverage the Wells Fargo position to negotiate a higher salary. Any suggestions on strategy?

like

Hi Fishers. Good Morning! I got offer in Citi. Can someone let me know whether we can go home and connect. Or we just need to stay in office until all call gets over. Do they provide laptops for new joiners. Citi

like

Anyone have an OB/GYN rec in the Cambridge/Somerville area?

like
like

Hope my fellow POC are doing well!

likeuplifting

Additional Posts in Accounting

First year associate here—I got all “developing” on my engagement review from my manager. Is this good? Bad? The options are “needs improvement,” “developing,” and “proficient."

like

Utilization rate this time of year?

like

Are psychics real? Was thinking about going to one.

like

Up for promotion this year to manager, it seems that EY and Deloitte already announced no bonus? Guess promotion freeze will be next?

like

What is EY’s reputation like in Charlotte and the Carolinas region? I hear they had layoffs around a year ago. Is all of this sorted out?

like

If you asked to be considered for early promotion and didn’t get it (despite being highly rated, exceeding billable goal, etc) would you look elsewhere? Is it right to be angry about it? I don’t want to spin myself up unnecessarily if it’s unjustified

like

CPAs in private,

Anyone try AICPA CPExpress? What service do you recommend to fulfill your requirements?

like

I have to pack to leave tomorrow morning but I really don't want to..

like

I think Canvas took the holiday today

like

We made it to 10/15. Now to do CPE and wait for the section 199a deduction to make next year's returns a nightmare.

like

How come I have a snapshot that has all partially at level but the comments are all super positive?! The words for development is to keep the attitude and work up... (my first ever snapshot here)

like

Now please...

Can we all stop posting job offers for audit & assurance that says anything related to “work - life balance”? Nobody on this app was born yesterday and I’m tired of lol-ing to it all!

likefunny

Please I need some insight... If I forgot everything I learned in college but have 10 months to focus just on the CPA is it doable?

likefunny

Does your firm form leadership group trainings? We usually do every summer but we are starting one these last 2 months. We usually read books or watch something and then discuss. If you do them, do you think they are effective?

like

CPE question: if I won’t get my license til summer of 2023 does CPE that I earn starting in January of 2023 count? Just want to make sure I know how this works. Thanks

like

26 y/o JD, CPA, CFP --- what are my odds landing a career with the FBI?

like

Any1 else receive purchase notifications from ur bank so u can take ur Friday frustrations out on ur spouse 4 spending money while u gouge ur eyes out on a beautiful Friday in mindless work? Just me?

like

6 years in public accounting, manager 2. Is a financial reporting manager at a $2billlion SEC company a good position to transition into? Your thoughts pls.

like

If you were attracted to a subordinate coworker would you by all means try to avoid being placed on same engagement team to avoid obvious or put more effort and request that they be put on your team?

like

Anyone has insights into whether we can claim depreciation for our “home office” due to WFH? Not an expert here but looks like it’s for self employed individuals only, but maybe the individual tax experts in this community can help everyone out a bit 🤪

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal