Related Posts
More Posts
Additional Posts in Accounting
Is 75k good for a tax senior 1 in Seattle?
How to be an exceptional buddy to my intern?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Ex-GT here. Yup that’s pretty much GT in a nutshell. Using limited resources to pay for flashy things and “compete” with the big four, rather than actually building its practices by fairly compensating its employees. Who would want to stay when they can easily get 20-30% raise literally anywhere else? I do hope they are eventually right though, maybe thru this sponsorship GT will breakthrough and pick up large clients and start make enough money to trickle down to the people. But for now that’s not happening.
Grant Thornton 2 sounds awfully like a GT partner. Way to set the bar low by comparing to “firms that don’t pay bonus at all”, but isn’t GT supposed to be the largest and best middle market firm that owns the Russell-2000 space? All of a sudden when it comes to compensation, let’s compare to the local firms who don’t pay bonus? And be grateful? How about firms like Plante Moran who pays at least 6% bonus? People have their reason to stay, but for the rest of us, staying makes no sense.
^Looks like we figured out who stole all the kool-aid mix.
I wish I could say you are wrong
WOW, what greed! There are other firms that don't pay out bonus at all. Sounds like an attitude of ungreatfulness as they don't even have to give you what you do get. This board seems to do nothing but bash instead of lift up or help. If you are that unhappy, leave and make room for someone who is thankful.
@OP You realize Fowler was the runner up in the Masters just 2 months ago? I agree with your other points, by Fowler is one of the most marketable young golfers out there. 10000x more people know/recognize him than Koepka.
I always hear GT has a bad culture, and based on these replies I see what they mean.
Yea, the "not laying off good people" was a BS comment since tax had layoffs in the fall, and audit had layoffs conveniently right AFTER busy season...and I know for a fact there were some good performers let go.
PWC1 - Partner here from GT. I hope you know that any business is cyclical. It’s a down year for GT after almost a decade - a temporary thing...and the year isn’t over yet. We don’t lay off our good people like the larger firms. The Ricky investment is debatable either way but I think it’s going to pay off longer term. Any business needs to spend on brand and marketing - all Big4 do but GT historically hasn’t done even a fraction of the spending by the larger firms or even some smaller firms. Change takes time and we are waiting for it to pay off long term. The good people should still get paid well and competitively.
how out of touch are our partners? GT4 "good people" were fired - we fired associates who started in October and managers where clients were pissed that they got fired. How on earth do you know if someone is "good" in less than a year? Also none of the people who got fired in my office got does not meets - or had any communication about poor performance - I heard this was the same in other offices too. Looks like being the captain of your career is really working. And what ever happened to positive intent, accountability ladders and that great culture - guess if only works 1 way. Clearly we hire you and fire you - that should be the new culture. SMH
SM1 and GT2, how much name recognition are we getting for someone who got about 3 shots shown on TV yesterday and sits in 61st place (2nd to last) starting today. Was Rickie's interview before or after Dustin Johnson's and Brooks Koepka's? Just asking for a friend?
Though think about just how utilized we will be!
Employees expecting competitive pay is not the same as being greedy. There has been a lot of pressure on headcount to try to come close to unrealistic budgeted earnings And yes, some good people have been exited from the firm. No firm is perfect and there will always be changes. In my opinion, the changes at GT have been too fast and often focused on the short term. Spending big bucks on Rickie Fowler is not our biggest problem
^ Answer, daily double, the GT partners are VERY out of touch. Add that to being deeply poisoned by the purple cool-aid, you get a leadership group that loves to recite the cultural jargons almost religiously, and believes their staffs must think the same thing. Comps? Benefits? Who needs that? All they need is a “great culture”.
All the local firms in my market pay bonuses. Just saying.
^ Yup heard audit is the one that really tanked this year. Also has internal resources confirming that a bunch of auditors were laid off. So to GT4’s comment about not laying off good people, clearly that’s not the case.
They won't need to worry about laying off any more people if bonuses aren't better than last year because enough people will quit of their own accord.
And they'll wind up shortstaffed between all the layoffs and people who quit, which will make even more people quit 😂
Getting new clients comes with name recognition and brand awareness. It needs to start somewhere. Not spending money on it would not have helped Tax or Audit do any better this year unfortunately - those two service lines tanked big time.
You make good points but this is also just a snapshot in time. With all of its faults (and every company has them), Rickie Fowler is not the reason audit and tax tanked this year. You want to complain about not getting a bonus or more than just cost of living increase, look to those who didnt do a good job selling or keeping work. Or to those who didn't do their jobs overall.