EY thought they could be the market leader with “unlimited (but in reality 3-5weeks max, which is no change from PY and just no payout 🙄) but none of the big 4 firms are following. EY Fail

likefunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

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.

like

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

like

They will all follow eventually. Just like we now all get holiday and most of us get July 4th.

like

You're welcome for the extra holidays! :)

Recent IconRecent

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

like

If you think EY is done with layoffs you're in the next wave🌊 (see what I did there?)

funnylike

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.

likefunny

They implicitly capped the unlimited pto? Talking bout doubling down on competitive advantage, that’s hilarious 😂

like

^this

like

Yeah the backlash is so huge that I will pause the progression

like

We are all scared uncle D will follow . Already expressing our concerns to the leadership

like

Per inside source, D has no plans of implementing unlimited PTO.

like

All the rest of the firms will follow. Give it time. The savings are just too substantial to ignore.

likefunny

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.

likesmart

completely agree. I was shocked that EY went this route without paying out.

like

Um....did you think they would announce it five minutes later or something? Give it time...

like

Who says 3-5max? Did they update their policy again?

like

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.

likefunny

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

like

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.

like

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.

Related Posts

What are some of the more desirable industry exit opps coming out with Big 4 fraud experience?

likehelpful

If anyone with MC experience is interested in big 4 roles in Auckland, hit me up 😊

like

Has anyone heard of Big 4 TAS layoffs?

If you are starting as an Audit Associate some time from now with Deloitte or any of the big 4, do they expect you to have passed/completed all 4 parts by the time you start? Received the Becker Reimbursement email from the recruiter not too long ago but have yet to start. I’ve seen plenty of people get to Senior at a big 4 firm without the CPA so I am a bit confused in that aspect. Any helpful feedback will be very much appreciated.

likehelpful

Barring making it to partner, what's the salary ceiling in big 4 in NYC?

like

I know Big 4 handles the mega deals, but which firms are the ones that handle the most mega deals? Is there a big 4 firm that handles mainly MM deals more so than the others?

like
like

would you make a switch from a big 4 to Simplus? expecting to get an offer from them and any info about them would be appreciated. I've seen a bunch of reviews on Glassdoor etc. - pretty decent

Profile review
Undergrad: top 20, 3.45 gpa, math major
3 YOE at big 4 as a data and analytics consultant
2 YOE at amazon as a bie and data scientist
ORM

Haven’t taken GMAT officially yet but am getting my 720 on first practice test

Looking into tuck, Kellogg, Yale SOM, and stern

I recently started at Big 4 and I am aware that my coach is not that great. What should I do? I really want to climb as high as I can at Big 4 but understand that having a good coach is essential

likefunny

Planning a move to Big 4 consulting in London from Singapore for a senior consultant role. Secured a first round interview with Deloitte - any advice, salary guidance or tips?

like

Hi, can anyone provide referrals for Capgemini/Palantir/Apple/Google or the Big 4 in the UK? I am happy to share my CV, and would appreciate any constructive feedback. Thank you!

like

Does anyone work in a Big 4 office in the Bay Area? I’m currently at a V5 law firm doing M&A tax, and the hours are absolutely killing me. I’m curious about the hours and pay at the Big 4 here.

like
like

Anyone here looking for an accounting manager in industry? I have five years of experience including regional firm, Big 4, and industry. Recently, I moved into consulting but it’s a bit uncertain with trying to get clients, plus I’m ready for management. Looking mainly for a small private or public company in retail, media, advertising, publishing. Thank you! I’m in Dallas, but open for remote work!

likefunny

Is it worth returning to school for a 1 yr or part time MBA to get into VC/PE, further my career, and expand my network? I have 6 years of consulting experience (big 4 and boutique) and a MPH from a top program already...

like

I’m currently a Manager with 8 YOE, half of it in a mid-tier consulting firm and the other in a Big 4. Starting to look for an exit to industry and aiming for 220-250K base. Currently at $170K base and specializing in cyber security - is this too aggressive a target and if so, what should be my target for base + anything else (with the split)?

likehelpful

Got an offer at ZS for Consultant, and recruiter said it's the highest they can do for C. (165k plus COLA for NYC) and 15k signing.
My question is that this is the highest what kind of raises can one get, and how much target bonus is realistic at C level? 7YOE, M1 at Big 4.

like

Big 4 folks how much of the work at your strategy practices are PMO type of work? I feel like most of the projects in my firm are just being a PMO for hire for a client project. No real strategic work a such. I'm still entry level though so just want to see if this is how the industry will be going ahead.

like

Is it possible to work a full time job and do contract work on the side at Big 4?

like

More Posts

Look for new opportunities within holding company or outside? Any appreciable differences? Or is the “action” at the agency level? I’ve heard a lot of talk ... but is it valid?

I don't know why this bowl of HR is even made. None of the HR folk here replies to the fellow friend on query. this opens my eyes - People are Right !! HRs can not help thier own colleagues in the domain, why will employees look at them ? Because of these spoiled HRs the entire HR fraternity is blamed. Wake up my HR team and come out from your selfish zone.

likefunny

Hey, I have my interview scheduled for Technology Consulting job for SharePoint at Microsoft Services. HR said it is a coding round and the interview is named as HO interview. Can someone let me what kind of questions I can expect in the interview Microsoft . #Sharepoint #Microsoft #MicrosoftServices #Interview

like

Hi,

Can you please let me know how much will be my in hand salary.

Post Photo
like

Hello! Recently laid off. Have 5 years of corporate and campus recruitment. I live in north New Jersey. Open to any hybrid roles in NJ or NYC. Open to any industry!

like

What all designations in Cognizant? Could someone please help to understand by mentioning in ascending order?

like

Any Canada Big Law firms throwing around retention bonuses again this year or are those days behind us? The work sure hasn’t slowed.

like

Hi fishes,

What happens in a mid year appraisal. i heard no hikes but performance review will be there. What can we expect?

Friend looking data analytics summer internship. Anyone know of any internships ?

like

Anyone know any good book recommendations that help improve your financial analysis skills?

like

Has anyone used a professional resume writer? Was it worth it? Any recommendations? TIA!

sous kewl é

like

Would you all say you’re invested in good projects if the market cap remains the same recently, but your portfolio keeps going up and up? Or is that dumb logic.

DM if anyone interested

Post Photo
like

Starting a new role (in house) and the firm uses Bullhorn. I’ve only ever used Greenhouse or Salesforce and I’m a little worried because I’ve heard bullhorn is a little clunky

like

Hello,
If possible could anyone please refer me in Apple.

like

Postpartum moms and for those who partake: how long after birth did you successfully get a lash lift? One salon is telling me it will take, another is telling me to wait 3 to 6 months before the hairs will take. What about laser and Botox? Yes I am still breastfeeding. No I’m not super vain but man I could use some grooming after 10 months+!

like

“My 1-year-old would look so great in a smart little pantsuit.” // “Those thighs, and that linen? *Sigh.*”

likefunny

What kind of testing projects are there in TCS?Are most of them manual ?

like

Help me.
I am thinking of a funny spot where there is a lot of chaos and music that cuts to the quite 3rd person observation of that funny scene.

Can anyone think of a reference that fits such a description?

like

Additional Posts in Accounting

Do you record your unbillable time? I have had conflicting responses. I have been told it's not good for efficiency calculations but others have told me if your still doing work let people know. For example, I get weird international stuff sometimes that not everyone gets (I think maybe? ) and I need to reread the 5471 rules or 8865 rules as I do the returns. I have been told not to bill for this but if I didn't have to spend time to do such things my billable hours would be higher

like

How does one handle a manager/performance coach that is a micromanager that calls/IMs you every 5 seconds to come to his/her cubicle for every fart sitting crossways?

like

Deloitte University: Where New Years resolutions go to die :(

like

Hi tax 🐠,

I have a question for those who prep individual tax returns. My parents claim my grandfather as a dependent on their tax return and due to their low income, receive PTC for the premiums they pay on his insurance (not eligible for medicare). However, would it be advantageous to have him file for his own tax return (he stays with my parents and doesn't have his own proof of residency via bills). If so, can he get PTC if his income is 0?

like

If you leave or get let go, what information will the firm share with others? salary? reason for leaving/termination?

like

I started last September and am now wrapping up my third busy season (1st one around Christmas to meet a deadline in early jan, “normal” one in feb and March, and now a late 12/31 filer (cont.)

like

Can we talk about how young professionals often get taken advantage of in Corporate America because we seemingly have “no responsibilities outside of work”….

likefunny

How much do you earn and how much are you able to save each month / year ?

like

As a senior, I am dealing with trying to get answers from management but those above me want to be the filter and asker of all questions with the client. That is fine, each team has a preference.

But the questions do not seem to get asked or when they do the answer isn't right. How do others deal with this issue?

like

I started at a new firm this year in January. I had a billable goal that was given to me mid year of around 1750 house for the year. I am nowhere near that and definitely will not meet the goal. I had so many non billable hours I was forced to take when I first came in. I worked my ass off in busy season. At my previous firm I never fell short of hours as it was B4. This firm is mid sized and more focused on WLB. My question is how bad do you think this will affect my comp??

like

My first year with the firm. Manager. Any idea what tier I should expect?

Post Photo
like

Didn’t work at all this weekend. Bad idea. Currently feeling the overwhelming weight of compliance season…

Never justifying not working weekends because “I deserve it” ever again.💀

likefunny

Any experienced individuals looking for a referral to Grant Thornton, shoot me a DM and let me know!

funnylike

For Denver Auditors - what’s a good / growing industry in the Denver area?

like

I miss having friends at work. Seeing coworkers stresses me out. I often worry they'll judge me, talk shit behind me as they often do to others during lunch :( how to make new friends or reset mind?

like

Is the new FAR book need for exam starting in 2019?

like

Work Stations? How 'bout nap stations? 😴

like

What are experienced tax SM's getting for their comp these days? Started at one firm as a new SM around 140 in 2018. New offer is 200 at mid-size firm with the same title. HCOL area east coast (not NYC).

like

I'm thinking about getting a dog. Good or bad idea while working in PA? How do you balance having a pet during busy season? I live alone.

like

Thinking of moving to pwc, what is the wealth builder? Like why dont they just use a traditional 401k? What are important facts about 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