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KMPG 🐠 Senior Associate, NYC
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How is it low life to work to try to maximize your earnings?
I am starting at EY this week. I was really disappointed with my compensation at Accenture after my promotion. I escalated and escalated—I did everything I could to ask for more money. EY has tried to recruit me for a couple years and I began casual conversations to see how things would trend. I finally had a meeting at Accenture with senior HR regarding my compensation, and I realized they were just blowing smoke, and they weren’t prepared to do anything for me salary-wise. I had a number (but not a written offer) from EY at that point, but I made the conscious decision not to leverage it for a couple reasons—1.) I don’t think people trust you once you leverage an offer to get more money—you’re always considered a flight risk, and you’re never looked at the same, 2.) I wanted Accenture to demonstrate my value because I am a high performer and because I earned it—not because someone else told them I was valuable. When I gave notice, I had so many leaders tell me they could get more money for me now that I had an offer, but I told them the time had passed. I spent 6 months advocating for myself, and nothing was done...and then I had a firm I hadn’t worked for an hour in my life value me at 30% above what ACN did just by having a few conversations. It became a no-brainer at that point.
Don't listen to E1. Companies aren't loyal to you, so you shouldn't be loyal back - look out for No.1.
There are ways of doing these things to keep personal relationships, of course (being open and honest chiefly), but of you're being underpaid you owe it to yourself to do something about it.
Agree D1... what you've done is find out your market value
P.S. literally every MD I worked with at ACN has told me that if I call them tomorrow, next month, next year, or in 5 years...the door is always open. They knew I exhausted all of my avenues to remedy my situation, and I left gracefully. I’ll echo what everyone said here—always act with integrity and treat people kindly. It goes a long way, and no one will fault you for bowing out for an offer like that.
If you are happy at EY, you should attempt to negotiate with them. I am in the same boat. Have a higher offer from Deloitte but happy with KPMG.
Pretty low life if you ask me. Why waste your time and everyone else's only to go back to your current employer? You were clearly going through the interview process for a reason.
@OP. I left EY for 30% raise at D. EY can't afford retaining you. Just don't ruin your reputation
http://www.dailymail.co.uk/news/article-2665716/The-key-earning-money-Change-jobs-two-years-People-work-employer-longer-earn-50-cent-lifetime.html —not the most credible publication, but the point still stands!
I actually did the same thing with Accenture about 8 years ago, with the same result. They’ve tried to recruit me back regularly since I left. Now that I’m gone, wouldn’t go back to working for a public consulting firm. EY is far from perfect but nothing compared to ACN.
Still love the ACN stock though.
There are very few occasions where it makes sense to take a counter offer.
It’s good but don’t make it a habit. I know someone who tried that a few times and after one time too many she was told all the best by the partnership
Once you decide you leave don’t look back they ll never trust you again and you will soon leave again
Bad move. Once you are on the way out, you are out
D1 u can maximize earnings without wasting other people's time.