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Rising Star
9/30 milestone - just 2 more days... 🙏🙏🙏
When do we find out about raises?
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When were you hired? They should have told you you weren't eligible for an increase this year. I am not familiar with advisory salaries- that is way high for tax and would make sense you didn't get a raise.
Back about 8 years ago when the banking crisis hit EY "froze" salaries in assurance for those not being promoted. Really sucked 'cause I had really high rating that year. I also came in as an experience hire and went through the whole "you were brought in higher than your peer group" crap and got like 0.5% raise - not even cost of living! Was told I was capped out at my current level. Finally made it to ED and got 25% raise in one year, so I guess it was worth it in the long run.
That's bullshit
Start looking for another job
Makes sense PwC2. Thanks for the objectivity.
You got bullshitted
@OP even in advisory (I'm used to accounting my bad), if they bring you in at a staff 2 level, that is what they are expecting you to be working as. If your comp exceeds that it isn't a surprise they would try to even it out. Getting 0% sucks and they should have told you it was possible to get no raise this year. But at the surface it makes sense why they did it.
Ey8 ftds is assurance
@EY OP Core Business Services, includes groups like IT.
How serious are all the answers thus far ? I have no plans to quit. I want to put in at least 2 years before considering that.
@KPMG1, their rationale was that I joined the company at a pay that was already higher than the "staff" pay rate, so the only way for me to get paid at more is if I get promoted to a higher pay band, which would be senior.
@KPMG1, re read my question. I'm not asking for an explanation. I'm asking, what did YOU do?
@Tax Accountant 1, I am in advisory for context. 60% of my priority is name and 40% is money. COL is important to me because that means I'll go at least another year without any pay raise at all. The cost of foregoing COL had a compounding effect on your career earning potential imo and that's why it's important for me.
What's your rank and your salary? What was your salary at your old job?
EY2, they never expressed this in front. I didn't move colas. I moved companies. I believe my family counselor when he said I was already getting paid beyond the EY pay band. I trust them and our family is pretty transparent. I hear you on the optimistic perspective of my salary over two years. Sigh
EY1. PM and ~90k at old job and staff 2 and low 100s at current job. I want to avoid too many specifics since I know people in my office may use this app
I've heard of zero. Usually give it to ppl that they want to quit on their own
Hmmm ok. I hear it @PwC2 and @PwC1. Know that I have 7+ years of experience in technology, where pay is a little more than other business sectors.
And what do you mean by optics ? @PwC2
@Senior Manager 1 , can you shed light on what's typical for an experienced hire who comes on at my level? also what service line ?
I know you have 7+ years of experience but if they brought you in at staff 2 that's all the qualified experience they believed you had and that is what they plan to comp you for. Me have 7+ years of public accounting experience doesn't mean I get to go into and unrelated field and expect my prior experience to weigh 7 years. For a staff 2 in any sort of public accounting that is WAY over paid and I think that says a lot about you that they are willing to pay you it to get you on board, but no raise is not at all surprising
@Assurance Associate 1 I am not in accounting. I'm in Advisory. Technology specifically.