Accounting

EY announced no PBB 😔 Still grateful for my job though.

likesmart
Reaction Icon Like
Arrow Icon
works at

Excited to see how the quickly the firms can decide to compensate us less. 🙄 Anyone think they'll act this fast to put bonuses back on the table on the off chance we have a V-shaped economic recovery?

Reaction Icon Like
likesmart
Arrow Icon

Agree, reduced bonuses were coming. This is the perfect excuse

Reaction Icon Like
Arrow Icon

I am very grateful that I work for EY. If PBB is the only thing there is nothing to worry about. Think about how everyone still has their employment with EY. I wouldn't work anywhere else. Thank you to all the leaders of EY.

Reaction Icon Like
like
Arrow Icon

Feels kind of early to do this.

Reaction Icon Like
like
Arrow Icon

They can always bring it back if things turn around. Not that they would but that would piss people off less than finding out last minute no one gets a bonus.

Reaction Icon Like
like
Arrow Icon

Maybe I’m just a total idiot, but is the firm somehow losing money? Do companies suddenly not need audits or tax returns?

Reaction Icon Like
like
Arrow Icon

Clients won’t pay timely or will ask for fee reductions. So yes, budget forecasts must be revised and then the easiest cost to adjust is professional staff salaries.

Reaction Icon Like
Arrow Icon

Just performance bonuses. Raises will still happen, including agile promotions, but June 1 now. You will still get promotion bonuses.

Reaction Icon Like
like
Arrow Icon

Hopefully

Reaction Icon Like
like
Arrow Icon

Whats pbb

Reaction Icon Like
likesmart
Arrow Icon

Performance Based Bonus

Reaction Icon Like
like
Arrow Icon

Isn’t the firm saving millions on the cabs, and meals that aren’t needed. Lower electric bills?

Reaction Icon Like
likesmart
Arrow Icon

Most of the travel is billed to clients as a pass-through so not really saving the firm any money.

Reaction Icon Like
like
Arrow Icon

Wow already? Did they say anything about freezing promotions or merit raises?

Reaction Icon Like
like
Arrow Icon

Gotcha. Since PwC has a different fiscal year and promotion are typically in July, this might mean that we’ll see promos pushed to mid year instead.

Reaction Icon Like
like
Arrow Icon

It’s awesome that they’re talking about these things already

Reaction Icon Like
like
Arrow Icon

Any lay off talks?

Reaction Icon Like
helpful
Arrow Icon

Performance Based Bonuses. If the firm makes its profit goals then they pay out bonuses based on “performance” for the year.

Reaction Icon Like
likesmart
Arrow Icon

Sorry to hear, so they are not giving out any bonuses?

Reaction Icon Like
Arrow Icon

No mention of promotion bonus

Reaction Icon Like
Arrow Icon

Yes.

Reaction Icon Like
Arrow Icon

Lower revenues.

Reaction Icon Like
Arrow Icon

Related Posts

I am currently WD HCM certified and have the opportunity to get certified in 2 modules this year as part of my dev plan. Any recommendations on what I should pick? Open to branching out!

Reaction Icon Like
Arrow Icon

What are some small agencies around the country, especially in smaller markets (i.e. not NY or LA) that are doing great work and making a name for themselves?

like
Reaction Icon Like
Arrow Icon

If you got a large bonus and wanted to treat yourself with a little bit of it, which would you choose: diamond studs, fancy watch, or classic Chanel flap bag?

like
Reaction Icon Like
Arrow Icon

Why can’t I relax? My chest often hurts from stress, I carry painful tension in my shoulders, and my mind never slows down. Why am I this way? It’s so frustrating

like
Reaction Icon Like
Arrow Icon

I feel like my SO is jealous about my success. When I get good news, he turns it about him. When I have a big day at work, he plays loud music the night before so I can’t sleep. Belittles my goals.

likefunny
Reaction Icon Like
Arrow Icon

Passed AUD and officially done. 5 exams 1 failure, done in one year!

like
Reaction Icon Like
Arrow Icon

What salary to expect for Google Associate product marketing manager role? Coming out of McK as a 2+6 BA. Is this role entry level?

like
Reaction Icon Like
Arrow Icon

How many of you actually get/send sexting DMs from this bowl? Got my first one this week and.....was underwhelmed at the effort. Step up your game if you’re gonna slide in!

funnylike
Reaction Icon Like
Arrow Icon

International flight amenity kit... If you could decide what would be in it? Currently the only useful item I feel is the toothbrush

like
Reaction Icon Like
Arrow Icon

Does anyone know if layoffs are happening and to which groups in USDC?

like
Reaction Icon Like
Arrow Icon

What is going on with accenture holiday parties? Looks like Christmas party budget no longer exists

like
Reaction Icon Like
Arrow Icon

Does anyone else start behaving irritable or sort of mean with guys they date that they don’t like? I want to give these guys a chance, but my needle instinctively knows I don’t like something.

like
Reaction Icon Like
Arrow Icon

Anyone at Deloitte Digital in Rosslyn open to networking? Looking at a Product Manager role there. Also, I saw something mentioned in a previous post about a hiring freeze, has that been lifted?

Reaction Icon Like
Arrow Icon

Sometimes you need to scorch everything to the ground and start over. After the burning, the soil is richer and new things can grow. People are like that too. They start over. They find a way.

likehelpful
Reaction Icon Like
Arrow Icon

just a rant but times like this really makes you feel sad and guilty at the same of how skewed capitalism can be...some are struggling to put food on their table while for some it’s an opportunity

like
Reaction Icon Like
Arrow Icon

Is it just me or is the beach unusually large and the pipeline exceptionally dry right now?

like
Reaction Icon Like
Arrow Icon

Anyone from our Australia (Sydney) / 303 office willing to chat? Hoping to start a conversation as I'm curious of some things 🙏🏻

Reaction Icon Like
Arrow Icon

Any F🐠 in San Diego want to meet for a drink?

Reaction Icon Like
Arrow Icon

Do GPS projects drug test?

Reaction Icon Like
Arrow Icon

Is any copywriter in NYC looking for an art director that is open to start creating some ideas together for our books so we can apply for new jobs as a team?

like
Reaction Icon Like
Arrow Icon

Download the Fishbowl app

That was just a preview…
Sign Up to see all discussions
  • Discover what’s 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 with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Sign in here

Share

Embed this post

Copy and paste embed code on your site

Preview