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Hi Fishies, I was hired for wealth and asset management project EY . It is capital market domain. Any body have any idea about this project going on in EY and the tools used for it.
Please advise if anyone have idea about it.
Just want to know any global tool they use for wealth and asset management, so it's a plus for me to join.
Thanks in advance
My base loc is Bengaluru, but currently I am not mandatorily required to work from office, and have been working from home since I joined Deloitte in July. Should I talk to my manager and go back to my hometown Kolkata and work from there? Staying in PG all day and working from here is not quite feasible for me. Suggest pls. Deloitte India
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I can’t wait to get back to the office.
Heh, $400/mo is what my food expense went up, so I say you’re about right. My commute only cost $100/mo, and I didn’t mind it. Metroing in let me get my head straight for the day.
I heard a senior member mention on his introductory call to me that he couldn't wait for everyone to return to the office so that real work can be done and I...almost jumped ship.
We've got some real lazy people that joined in the last year, so I get their point. I think it's more of a recruiting problem as I've seen some people really flourish in WFH. I don't know if they meant 100% back, but I'd love to connect face to face with some on my projects at least once a week.
It will be an arms race for mid level/senior people if remote work is rolled back. I like my team, but this will be the one thing more than anything else that will cause me to jump to another firm or industry.
Edit: there is a pretty obvious desperation/need for people at these levels right now. Good luck retaining or recruiting if you’re not able to offer a benefit your competitors are able to offer essentially cost free.
EY7- here’s the thing- client demand has really changed. We’ve shown a lot of work can be done effectively virtually. If you’ve ever managed a project and seen the cost of travel for more than a couple senior level people, you know it can quickly equal the total cost of the fees billed. This obviously doesn’t matter if the client is ok paying this, but I think you’re extremely naive if you don’t think more clients are going to forgo that cost now.
Pay for my parking, gas, and wear and tear on my vehicle to the office and I'll lightly consider it 😆. Oh and also my lunch.
Who paid for your food before you got a job or on the weekends? Grow up. Seriously.
I need to interview for other jobs. WFH it is.
Same if back to office becomes mandatory
Enthusiast
Agreed! I don't understand why they can't just carry on with how we've been doing things
A significant amount of people don’t work all day and bill for it, yes.
Might be just me, but I think a lot of us young-bloods definitely want in person interaction at work. I myself am ready for WFH to be over.
I’m not a young blood anymore. I’ll admit socializing with people at work was something I did early in my career and it’s still enjoyable when it happens now as well. Having a professional network is important and has benefited me. But this is hardly something that is an actual business need. The large gatherings and firm sponsored social events are to keep young workers feeling happy and churning out work- that’s the business purpose, not so two people can get drunk and talk about better audit methods or something. The challenges of adjusting to life after college are both not driving this at all, and (I’m sorry) not all that meaningful in comparison to the challenges many others are facing.
If working from home allows the firm to have lower costs, better retain or attract experienced talent, or increase productivity that will drive things. As I said above, offering WFH is essentially cost-free and has been shown over the last year to have no impact on profitability or client delivery. Retaining mid-senior staff has been a big problem in recent years leading to things like the roll out of very generous maternity/paternity leave benefits. I had rumors that the loss of senior managers in the EY assurance practice was a major concern and they hoped this directly helped with the issue at that time.
Fake news. They aren’t rushing things
K3, it means that you might be required to be back on 9/1. But the firm as a whole is not requiring it. It will be up to the individual partner to decide depending on the circumstances of that engagement.
Given that risk from COVID is almost entirely on unvaccinated individuals right now, there’s no reason for the firm to push the current situation past 9/1 as a firmwide policy.
Please take a look at the Boomer age range and then team me how many Boomers are still working in Public Accounting?
Visual Storyteller
Principle1 only if you talk and act like one 😂
Relieved that most people are on here saying that we’ll have some in person. I get those of you who want wfh and flexibility (I think we all do) but I don’t understand if you want wfh 100%. I don’t think any client services position can (or should) guarantee 100% wfh. That just seems silly. I’m glad the firm isn’t mandating it one way or another. Personally, I’m hoping my team does 1 day/wk in person, I would like to go to the office 1 day/week on my own, and work flexibly or at home the other 3(-4) days. I know different teams will decide on different things. Making this job work for you has always been better for people who can communicate their preferences to management/partners successfully. Understood that there are some situations where management/partners are not supportive or receptive. But at this point with seniors/lower managers being so needed - I think this is an opportunity to work the way we want to, just have to ask for it.
100% WFH to me means I have 100% flexibility to WFH.
That excludes onsite client meetings, on-site working sessions, team meetings or any other meetings that are preferably in person. We’re professionals so I’d trust that everyone would know when it’s necessary to go in.
Not till mama lands an offer.
Mami
Honestly as more people start going back regularly I do think that those who are more visible will see that reflected in their ratings. In most cases, client facing professional services just can’t be 100% remote.
I think this view is pretty misguided unless you work for someone who sits in their office 9-5 daily. Most partners I work with plan to travel to clients, be in the office for training/team building stuff occasionally, and use the flexibility themselves to WFH since they’ve seen it’s possible this year. Maybe if you’re a senior who has a manager who lives in the office this logic works, but I think this is pretty outdated logic.
Pro
So everybody who thinks this 100% remote model isn’t effective is a “boomer”?
P1 - I think you’re missing the point of the post
But what if a pandemic is still going on?
I know... Medical spouse here, and I am livid as spouse’s “Covid Clinic” had filled up at an exponential rate in the past 2-3 weeks.
I don’t have a problem with going in 5 days a week if it could be a 10-6 or 11-7 situation, or start at a normal time and work at home in the morning and come in at lunch for the afternoon. I just hate getting up at 6 am. 😞
Enthusiast
Yeah agreed, I don't want to be up at 6 and then commute both ways and still have to come home and do chores, etc.
PwC NQO is not even having people move to Florham Park. Traditionally if you did a tour you packed up and moved your family there for 2 years. The plan is to work remotely and meet a few days a month in Florham Park for connectivity. The short answer it depends on your role and clients.
It would be nice if all the WFH advocates would just be real and say I like taking naps during the day.
That’s helpful k5. I was honestly getting stressed out by some of the 100% wfh or I’m out comments. I am personally getting 100% flexibility from my teams and have been working hard to offer that for my staff. I feel supported by that and not threatened. Here’s hoping it’s here to stay.
I don’t think they’re “fully” determined, I think they’ll stick to the hybrid model.
An anecdote: I watched my boss go thru 19 individual personnel on their feelings of coming back and which bucket they thought they’d fit in (full TW, couple days, 5 days/wk). His personality changed with each convo; for and against. Then we had mine.
KPMG… Nuff said.