EY just announced they're changing pay structure. Accelerated promotions. Twice a year reviews for promotion considerations. Thoughts??

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If it’s true it makes sense for both high and low performers. You can promote high performers faster to adapt to firm needs and reduce the risk of them leaving because they don’t want to wait another 6 months for a raise. You can also cut costs and adjust for over staffing and low performers more efficiently.

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Unless the west jumped the gun, or unless service line specific I am not buying it because the partner group always gets advance notice and I haven’t heard anything. I am in Tax. Maybe this is advisory or audit? But that is a pretty big change to not do across the whole firm

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This is definitely a lie. Really though at other firms with 2x year promotion there is wayyyyy more drama over promotions and such. I prefer the much more straightforward, open way it is currently.

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I heard Only West for now. West also started with jeans before anyone else. Trendsetters.

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This is about 6 months too late for me

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It just seems weird why would one area hear about this before the rest of the firm?

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Wish more firms would do this

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Are the pay raises twice a year too?

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Really?! When did they announce this?

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I haven’t heard anything yet.

helpful

Same at Crowe. Started with mid-year promotions this year. Benefits the early promos.

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Announced at the west town hall call with Mike Verbeck. Don't believe me, take it up with him 😂

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In my opinion this is because, across the big 4, hours have got too much and lots of management have left

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Which will increase the turnover even more dramatically

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Where was this announcement made?

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Good idea!!

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What when they are announcing this ?!

Announcement ???

Interesting...

OP this sounds great and all. Any more details or just verbal announcement? Service line-specific? Region-specific?

Nah. Haven't heard this

I think this dumb for audit/tax. Makes sense for consulting and advisory where the projects are more fast paced and change often but the projects in audit/tax need to seed through the end

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