Big4 folks, do other firms seem to be in downward trajectory in terms of culture, benefits, perks etc? Especially compared to pre COVID, EY seems to be cutting perks left and right. Low budget holiday parties, cutting annual picnic at Central Park, barely even do any happy hours anymore. Also our various benefits wellbeing type benefits get worse and worse each year. Leadership seems clueless while simultaneously giving themselves a pat on the back. Curious if other firms see similar changes?

likeupliftingfunny
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What perks are you seeing cut at EY? Holiday party? This is the first year in 5 years they allowed is to bring a guest. What well being perk are you referring to? The well being fund is still 1k same as last several years.

likefunny

These comments do not disappoint!🤣

Not B4 here, but we plan events and half the RSVPs don’t show. We always expect some no shows but the trend is increasing. It’s a huge waste of $$ and time and unfortunately impacts those who do show up. Do I think companies would still be adjusting costs anyway? Yes. But it’s made easier when the culture is eroding on both sides.

likesmart

If the attendance is trending downward I would think people are less interested in coming due to their experience at the event.

Recent IconRecent

Who even cares about those perks? If we’re gonna complain about how things are going currently at the big 4, these issues are so far down the list in terms of importance to me that I’ve never given it any thought.

like

Well you can’t just complain about the work hours everyday

Might as well complain about other stuff lol

Everyone already knows the work hours need to change

But they haven’t

So might as well push for more fun events

like

If you want to expand it outside of B4. Crowe has had this as well. HH budgets are nonexistent. Holiday parties were canceled this past year.

likehelpful

I feel like this is the direction the entire working world is going. Come to the office and fuck off otherwise.

like

Same at KPMG

like

Same here. It goes both ways though why should firms invest in those social events if people dont even want to go. More junior folks want to just stay home so why wouldnt you try to save costs? COVID and the proliferation or remote work has commoditized the job and its just harder to enstill a teaming culture now.

like

I think it’s fine if the funds are being redirected in another beneficial way, but just seems like they’re just cost cutting.

like

It’s funny. Most of my teams don’t want happy hours when I offer, or they’ll just come for one drink and leave. We also plan nice team events, holiday parties, etc. and no one shows. Things are certainly different post-Covid

like

What kind of activities are we talking about?

In my opinion the execution of most events is why people don't attend.

Before the pandemic and before I moved offices, our team would do fun stuff. Like indoor skydiving, breakout rooms, top golf, restaurants that also have a 100+ board games for you to play while you eat, movies theaters that severe legit food to the table at your seat, bring your favorite Christmas cookies night and other stuff I'm not thinking of right now.

People came to that stuff. When we got lazy there was a lot more top golf and that got old so less people started coming when we didi that.

Our company replaced the holiday party by giving everyone $500 net bonus. I love where I work and the benefits are sufficient. They even provided a breakdown of cost to company outside of compensation

like

Same feeling

like

Need to get you a pe influx

funny

lol can confirm it doesn’t improve perks

likefunny

Same

like

You can argue this is the case for most finance, accounting, consulting, etc firms. The only ones who really have anything are front office type orgs (banking, traders, hedge funds). And I’ve heard even they have slowing it down.

like

the economy is cyclical- meaning when the employer has the upper hand - perks are cut and when the employees have the upper hand - the perks are back. Right now the employer has the upper hand as they can use India and other foreign workers to save a lot of money and are not so desperate for employees. Over 40 years in the business- definitely have seen this many times. Not sure if it will ever swing back to the employees.

like

Gotta get out while you are ahead

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