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Hi everyone,
I want to start my corporate career, I'm a finance fresher and need a entry level roles refer. I'm looking for financial Analyst or associate role in any WITCH, any big 4 firm, or any investment banking start-ups. I'm good at Adv Excel and PowerPoint presentation, intermediate in python and SQL, Intermediate in making financial models (DCF and LBO).
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Work Stations? How 'bout nap stations? 😴
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If you take a full 5 weeks flexible vacation you would technically get more PTO than before since EY now has 19 paid holidays (only had 10 paid holidays in 2018). I'm reserving judgement until I see how it pans out next year. My guess is it will hurt some and benefit others.
We have unlimited pto as well. We get “negative” marks if we don’t take enough pto we used to get 4 weeks and you will get talked to my omp when you don’t take at least 2 weeks worth. Everyone needs a little down time
They will all follow eventually. Just like we now all get holiday and most of us get July 4th.
You're welcome for the extra holidays! :)
Chief
KPMG has a town hall today and said “ it has to do with financials “ and that they are listening to its employees but not doing unlimited PTO
If you think EY is done with layoffs you're in the next wave🌊 (see what I did there?)
Pro
In essence, it’s actually not unlimited - maximum reasonable range is 3-5 weeks and we got 4-5 weeks (manager level) before anyways. So they are just removing the payout on termination and expect employees to believe when they say this cost saving will be added to our comp somehow 😡
If what they are saying is true our comp should be slightly higher than other big 4 on avg but we know that won’t happen.
They implicitly capped the unlimited pto? Talking bout doubling down on competitive advantage, that’s hilarious 😂
^this
Yeah the backlash is so huge that I will pause the progression
We are all scared uncle D will follow . Already expressing our concerns to the leadership
Per inside source, D has no plans of implementing unlimited PTO.
All the rest of the firms will follow. Give it time. The savings are just too substantial to ignore.
Oh I thought there were some days in between where you had to take PTO.
You are missing the point. Those firms who have already implemented unlimited pto have paid out their employees for the unused vacation time upon transition.
completely agree. I was shocked that EY went this route without paying out.
Um....did you think they would announce it five minutes later or something? Give it time...
Who says 3-5max? Did they update their policy again?
That was such idiotic move by leadership... it baffles me... why put 3-5 weeks on the webcast slide employees? It’s almost like saying do not take more than 3 weeks of vacation under unlimited pto policy which is even worse than current/old policy. EY just keeps failing. I think the head of HR, Carolyn, needs to go.
Give it time. Most firms will be unlimited in 5-10 years. EY wasn’t the first or even the second mover in the top 20
KPMG all hands call yesterday said they are not considering a transition to unlimited PTO. They acknowledged they could save a significant amount, but have indicated they don’t think it is best for the employees. Keep fighting the good fight EY brethren.
what unlimited? pto??
Yet...
It’s not like EY is the only firm doing it. A decent number of the top 15 PA firms outside the big 4 have already implemented unlimited PTO.