Anyone at EY that banked their bonus but used this as leverage for an offer from another firm? I’m considering leaving PA & wondering if I can get a 25k 🔼 in salary. NYC Tax current salary around 90k

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Doesn’t it pay in 3 years? Good luck trying to leverage something that far out. If you are closer to payday you will have more traction I imagine.

Also, why would an employer give you $25k more in salary? You may be able to get something in the form of an increased signing bonus but not on base.

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Or they may think “That was dumb, why did this guy decide to bank his bonus and then bail after six months? He should have taken the $5k instead! That clearly shows lack of commitment and poor decision making. Let’s pass on this one."

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Can confirm a senior 1 just left our team ie he banked his bonus 6 months ago and said that he didn’t get anything extra at his new job (mid tier PA firm). He deeply regretted not taking the 5k.

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You can always bring it up as a negotiating tactic e.g “I have this bonus coming up soon that I’ll be forgoing, would you be able to offer $X to help bridge that” however you could just as easily negotiate this sort of thing if you DIDN’T bank your bonus so its not truly an asset like that. They are going to pay what they’re willing to pay, they don’t care about bank your bonus.

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Thanks for the opinions / thoughts everyone. I actually didn’t bank my bonus thinking I’ll use it for negotiating later on, I banked it with the full intention of sticking out the 3 years until I would receive it, so it wasn’t exactly a rationale for banking as some have suggested. However, recently I’ve been thinking about leaving the firm and was just curious about whether it could hold any weight in a salary negotiation. I was thinking more along the lines of “hey I could take your job (new potential employer) or I could just stay at my current job for another 2.5 years where I know my salary will also gradually keep increasing and I’ll get a 25k bonus as well, so offer me something good” lol but I can def see the point that it’s too far out to hold much weight. Thanks!

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I think you can bake it into your comp range but I wouldn’t do it explicitly If you are at the offer stage of the process and they really want you, mentioning that you have a future retention bonus in the works could net you some extra signing bonus. I would advise against being so explicit as to say “EY is paying me $25k in XYZ timeframe so tack that on!!"

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Nope. I got my bonus in September. December I interviewed and told the company about it. They gave me a 35% base hike!

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If you are choosing to leave then they hold the cards not you. You want the job more than they want to pay for some theoretical bonus from your previous employer.

If someone pulled that BS on me I would move on from them as a candidate. There is a right way and wrong way to negotiate money. That is the wrong one

Yeah I hate to be negative on this but let’s just say you wait two more years and look around. Now you are six months out from getting the bonus. And once again...why the hell would another employer care or try to match it? They may say “ok come back in six months when you get it” or they may just pass completely on you. Keep in mind it was a $5k bonus 2.5 years earlier! You aren’t holding an asset, it’s not a collectible that is appreciating in value.

I think it’s doing exactly what EY intended....is giving Seniors incentive to stick around and not jump ship. I promise, it was never intended as a bargaining chip to use elsewhere.

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