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Read the small print Advisory brethren your salary will be reduced by the amount of time you take off, not sure about you but this seems like a foreshadow to eventually justifying reducing pay for underutilized resources or eventually leveraging paying current resources less than fair market value #staywoke
There is a chart that lists what percentage of salary you get based on the number of weeks you take off (for example, a leave of 8 weeks results in getting 87% of your pay for 26 biweekly pay periods...if you take 16 weeks I think the pay is something in the mid-70% range). Your PTO accrual and retirement contributions go down, too, based on how much time you take. But benefits do continue so you are covered in the event of injury, etc. Normal rules apply regarding employment on-the-side — still need to disclose and get approval. This is being billed as a perk, but is a way to save on the bottom line by reducing salary expense. Word has it they’re hoping a lot of Assurance people do it after busy season ends — when the work slows down — so they aren’t paying people to be on the bench. Have already had one RM try to push it on a Coachee for next February when she has no work lined up yet. On the bright side...you get your life back and can *truly* unplug so you don’t have to worry about check-ins or any of the other weekly crap we have to do.
Once every 12 years*
We now get 6-16 weeks off (with pay) to purse personal endeavors. You can use this program once every 12 months.
And you still would need to meet your 95% utilization target😀
PwC has a similar perk, unlimited unpaid days off. I believe the initiative is call P-Fired
6-16 weeks a year? Sounds fishy
6-16 weeks ? Why would somebody take 6 weeks if 16 weeks is also an option lol
If you lose salary for the time you take off then it’s not paid
You’re DFlexed
This sounds like BS. If it’s once every 12 months, i would take entire the summer off every other year
LOL to all my colleagues claiming it’s fake, type DFlex in DNET... you’re welcome :)
And yes, your pay will be reduced depending on how long you take, but who cares, you get a piece of your life back and keep all benefits!
So, yes, everyone else already has this. Welcome, big D.
Doesn’t everyone have this? Extended PTO.
It’s not “with pay” if they reduce your salary accordingly. I don’t know how to explain math to you.
You have a salary of $100k
If you work 12 months a year yoy make $100k
If you take 3 months of LWOP, you will make (100,000/12)*9 = $75k
If you take 3 months of Dflex and they reduce your salary by 75%, you will make 100,000*.75 = $75k
If you don’t understand this basic math, then you probably shouldn’t be advising clients
What is DFlex?
Definitely fake, or everyone at D would be talking about it. Deloitte already has an option for working reduced hours a week, think it’s called a ‘wind down’ or something. You can basically work 4 days a week instead of 5, and you only get 80% of your salary as a result. Can do 3 days a week as well but haven’t seen anyone opt for that. Typically used by people who are slowly retiring, people taking EMBA in the evenings, or people with infants.
Edit: lol @ OP - if your pay is reduced, it’s not ‘with pay'
Pwc already has a sabbatical program where you can take reduced pay for 4-16 weeks. Not really sure how this is a game changer?
Wait it looks like it’s advisory only fml
Yeah... this is similar to unpaid leave, except they will spread the ‘unpaid’ portion of your salary across the following 12 months, starting when you take the time off.
I guess it’s more flexibility in taking unpaid leave, and you feel slightly better about taking a salary hit that’s a % across 12 months, instead of immediately and at 100%. And it’s for ‘off peak periods’ so... 🤷♂️