Do all big 4 and larger mid size firms have PIP? How long do they usually last, and does anyone get fired for purely performance reasons without being put on a formal PIP?

like
Posting as :
works at
You are currently posting as works at

PIPs are also sometimes used to document that the firm has tried to accommodate certain underperforming individuals so as to protect the firm from potential lawsuits once they do let them go (I.e. I’ve seen it done for religious people and people of color). Sure enough once they were let go they tried to sue the firm even though they were really just bad. (Not RSM)

If you get put on a PIP, jump to another firm and restart from scratch. They wont know you were on a PIP (unless they know someone from the inside), and you’re not stressing about clawing yourself back out.

like

I’ve seen someone direct fired without a PIP. I was on a 60 day PIP for reasons that still confuse me and got off it and now am rated well

like

Classic pwc move

I'd assume every firm has some kind of PIP program. It's a risk avoidance exercise for the employer, and sometimes it dramatically improves an employee's performance. There isn't much of a downside.

I would typically measure a PIP in months. It could be as short as a couple of weeks if someone is on thin ice and the firm wants them gone, but it usually takes months for the whole process to play out: person performs, supervisors observe and share feedback, powers that be are satisfied with the change.

If someone is clearly underperforming and there's no hope for redemption, they can get fired without a PIP. I've seen it before. Most of the time, one of those two things isn't true. Either there is hope for redemption, or the underperformance isn't clear enough yet. In the second case, the powers that be will use the PIP to build up a rap sheet or a list of charges against the person.

like

I saw in my old firm someone get fired for performance. Weird thing was he was never on a PIP and his mid-year, 1st annual review and 2nd mid-year review were good. Suddenly at the end of year 2, he got a bad review after busy season from certain seniors not all. This was a testament really to the firms lack of resources. He excelled very well in EBP audits and non-profits but could not figure his way around other types of audits for industrial products. Instead of the firm playing to his strengths and staffing him on engagements that played off of his strengths they just fired him. I thought it was kind of shitty and I argued with the partner for that decision too. And as for the seniors that caused him to be fired I simply let them know that if anyone needed improvement, it is literally your job as a senior to help. I’ve seen stories like that often and I’m not surprised these firms are getting what they deserve right now with staffing shortages. I think that if someone wants to work and wants to improve provide them with the tools and resources to be successful. Side note that guy is doing really well for himself now as a controller for a cybersecurity company and has been at it for 5 years now.

like

To edit my point on lack of resources: the firm had tons of training resources for EBPs and NFPs in which is the reason he was so good at them. There was little to no training on commercial jobs other than OTJ training which is highly dependent on the team you’re with. If you’re on a team that sucks a** including the senior and manager. That is reflected in the outcomes of the staff.

like

I knew an S1 direct fire for performance.

Related Posts

I’ve found myself placed in a strategic leadership position despite not having a strategy background due to consistent layoffs. Any tips on how to grow my strategic chops? Books, newsletters?? Help!

like

Seems like EY would have an exodus of employees post-split. We will get randomly assigned to assureCo vs newCo by leadership and expecting many people going to assureCo will try to flee to other B4 especially for senior and lower level.

likefunny

Is there a difference between your contract ending but abruptly (no notice, no renewal) vs laid off vs being let go vs getting fired?

Hi fishes, can anyone refer me in EY GDS ? Statutory audit, currently having 4 yoe in big 4.
EY

like

My temp contract has been extended. I’m relieved to be able to pay the bills, but after giving 70-80 shots a day, I literally dream about giving vaccines almost every night! Struggling to keep positive about finding a new permanent job - I was laid off at the end of April, have applied to over 60 jobs, had 6 interviews, and no offers. I can’t go back to chain retail - it damn near broke me in my 20’s, and it’s much worse now.

like

Credit Suisse results are out and things are worse than expected. They announced they will be restructuring aka layoffs. How is the situation for Indian employees of anyone working there could share some information

like

After being laid off for like the 4th time in the last 10 years, I’m ready to go full time freelance and work for myself. Are there any resources out there for non-creatives on this journey? My background is strategy, analytics & general brand. I can also do media planning/buying for smaller clients.

like

What does everyone think about the b4 rating system? How can one be confident it's reasonable in terms of fairness? What incentive do managers have to rate fairly?

like

McKinsey & Company Bain & Company Hi Fishes,

Can anyone help me with a referral in a consulting firms like McKinsey & Company, Boston Consulting Group , Bain & Company
for a role of Associate/Senior Associate/Business Analyst?

I have a 3.2 YOE as a business analyst/consultant in a Big 4 firm.

Thanks in advance

like

When negotiating an offer with a company, is it common to discuss severance? Interviewing for a VP position and was thinking about adding a 3 month severance ask.

like

Are there layoffs happening in PWC AC Bangalore ?

likefunny

EY just can’t avoid the bad press lately with Wirecard, the whole “Pancake brain” thing, and now the leaked PTO email. It feels weird seeing a big 4 besides KPMG get trashed lol.

likefunny

Is current layoffs only happening in Amazon US offices or Amazon India offices as well ?

like

Any word on consulting or agency layoffs in Berlin?

I’m not anticipating layoffs at my firm anytime soon, but it’s better to be prepared than not. Which firms in Chicago are still hiring and hiring ex consultants?

like

I am not sure what to do. My company just had another round of massive layoffs. So far my job was spared. I do got a job offer from a different company but the salary is way lower than what I have now (20,000$ less). Should I choose for financially stability but with a lower salary, or take the risk, keep the higher salary, but have a high chance to loose it as the company isn’t doing great.

likefunny

Can anyone refer me in Big 4 for .Net MVC Angular development role?

like

Have you ever fired someone? How does that feel?

like

Hi everyone, really sorry to hear about the recent layoffs. I would be happy to refer to KPMG—please DM me if you’re interested.

like

More Posts

Anyone else participating in the Hyatt Globalist Challenge?🙋🏻‍♀️ What is your cheapest hotel stay for this challenge?😅

like

Improvado

Doing the sales demo tomorrow but does anyone here have any direct experience? Are they all talk or do they actually do what they say they can?

If you have stock prior to joining big 4 that is proscribed, are you required to sell? Does anyone really check for senior level?

like

Wipro tcs infy all have cut down /deffered variable pay. Looks like they hired resources with good pay because of competition in salaries (more into variable component) and now normalising it by cutting it

Anyone at KPMG willing to refer to Tech Consulting team? 8 YOE, looking for SM referral in Dubai. Happy to connect on LinkedIn and share cv etc. Thanks in advance

Hi fishes,

got the offer from 
BNY Mellon | Pershing BNY Mellon Corporation Pune, India.

The offer letter mentions only fixed pay. HR told me that PF (employer), gratuity, and bonus (8%) are over and above fixed pay. But there is no mention of a bonus anywhere on offer. is this correct or am I getting tricked by HR? Help from current and ex BNYs is much appreciated.

Hi Fishes,

Are there any updates to physically return to Banglore office for work? Is June a hard deadline to join the office?

like

This is my third cycle review graph, not sure if it's bad or average. Will 5th cycle promotion be possible?

Post Photo
like

Phr vs waiting for sphr?
Taking the credential and want to prep.

As a new mom, have any of you had a mom mentor? Was it someone within your organization or outside? What did you gain from the connection?

like

Hi Fishes. I got an offer in UK for 44k Pounds. Work location in UK is Birmingham. My current CTC in India is 19 lpa. Is this offer good enough? Please advise.

like

Hi, I am looking for new oppurtunity in 3D designing. I am currently working a senior visualuzer having an experience of more than 10 years. Any lead or referral would be really appreciated.

like

Has anyone tried uploading the documents in Infosys launch pad.
I am not able to upload any of the documents.
Getting error while uploading

like

How do you work through feeling unmotivated? I have felt very unmotivated to work all week.

like

I want to create a heat map of when people are unavailable with day of week as the columns and hour of day as the rows. I have start times and end times, how can I use this data to create the map?

like

Are there any real people casting companies in Orlando, FL?

Are there any websites where admitted students can sign up to be admissions consultants to support applicants? (Commercial / pro bono either works)

like

Rate this offer:
L4 Big Data Consultant
Base: $135k
Equity: $290k/4
Bonus: 15%
Sign-on: $10k

*MCOL

like

I have a callback next week and half of my interviewers recently joined the firm. I feel like so many of the questions I’d typically ask an interviewer may not apply to an attorney who’s only been there for a few months - any tips on how to handle / what to ask?

like

Additional Posts in Accounting

Anyone here start out in public (or private) and decide that this just wasn’t the life they wanted, and went and did something completely different? 6 years in and truly feel like what I do just doesn’t matter, and I’m terribly indifferent/unmotivated by my work. Considering leaving to pursue career as a firefighter/paramedic.

likeuplifting

I have an interview for an industry gig and im really nervous 😩

like

The boyfriend travels for work and goes on 3+hour dinners every night. He still calls me every night before work but the dinners are freaking me out. What could he possibly be discussing for 3+....

like

New Manager here. How do Mgrs go about charging their time? My hours in TL are only part time for my engagement, but it’s definitely been a full time effort for the most part.

like

extreme Sunday scaries rn 😭😱 #gimme1moreweek

like

I have only been working at my company for 6 months, but I hate my job. The company isn't the problem, I just hate what I'm doing and don't see a future in it. Would it be to early to get out ?

like

What does everyone think about the b4 rating system? How can one be confident it's reasonable in terms of fairness? What incentive do managers have to rate fairly?

like

What is each known for EY, PWC, Deloitte, KPMG go!

like

Anyone a financial analyst at J&J or have feedback on the hours worked and overall culture?

like

Recently joined PwC tax as a manager. What is the performance bonus range? At EY, as a top performer the highest I've gone was 7%. Is it more or less similar at PwC?

like

Is having a CIA and CFE with no CPA worth it?
Is this looked down upon? Planning to just stay in forensics or hop back to IA down the line

like

Starting full time in about a month and a half, and now looking for a studio apt in Chicago. Any insights on neighborhoods/apts? Im currently looking at Oldtown, Rivernorth, Fulton Market areas

like

When your Uber driver sings Beyoncé to you.

like

Thank you Jesus for blessing me with a passing AUD score. All the credit goes to you ❤️

likefunnyupliftingsmart

What do Seniors in Enterprise Risk Consulting in Chicago make?

like

To those who have paid off your house, how did you do it?

like

EY just can’t avoid the bad press lately with Wirecard, the whole “Pancake brain” thing, and now the leaked PTO email. It feels weird seeing a big 4 besides KPMG get trashed lol.

likefunny

Tips on healthy restaurants in Chicago (preferably near loop)? Trying to avoid the deep dish, steakhouses, and huge portions...

like

How do you manage someone that’s less experienced but overall smarter than you?

like

Why does every brand of popcorn 🍿 print "do not use the popcorn button on your microwave"? Obviously I'm going to do it.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal