{ "media_type": "text", "post_content": "EY's fiscal year ends in June and effective July 1st utilization resets. How fitting that there is a heavy emphasis on keeping utilization up in the coming weeks. 😂", "post_id": "574f902f2e27760e00820941", "reply_count": 24, "vote_count": 12, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

EY's fiscal year ends in June and effective July 1st utilization resets. How fitting that there is a heavy emphasis on keeping utilization up in the coming weeks. 😂

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Yeah, I plan on not doing anything in the month of June.

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Sounds like CHANNEL STUFFING 😂

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Vision 2020 was nonsense the minute those geniuses at McKinsey sold it to them for some absurd sum of money. Yeah, you're going to double the size of your firm in six years when over 75% of your employees work in minimal growth service lines, one of which is dealing with insane downward pressure on fees. Sure thing.

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I'm going to be ex-PwC in about 36 hours, lol

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They're basically ensuring that they can bill a ton of overages in order to meet their ridiculous revenue goals. Vision2020 seems more and more unattainable as we get closer to it.

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If EY wants to come anywhere even close to $40B in revenue by 2020 they need to drop all of their audit clients and start doing advisory work for them

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I was just in a round table, utilization was the only differentiating factor when we wanted to change someone's recommended rating. But if your recommended rating is a 3, no one cares about utilization. Basically, it only matters when they want to single out someone. People with low utilization were the ones that got laid off back in 2009. And we had both the YTD and the rolling 12 month utilization for reference during round table.

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So what does that mean exactly? (New girl here)

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PwC has something similar but they haven't been shoving it down everybody's throats like EY was doing with Vision 2020.

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Based on my recent experiences with the firm I will soon be an ex-EY as well. Cheers to that, friend!

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Ughh they are pushing us so much!!!

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It means nothing if you're currently employed. It just means they're using yet another useless metric to determine hiring of intern and staff.

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I think I hit 75% utilization. Lol

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Damn! Cheers to that too ahahah

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They give zero fucks about utilization at round tables.

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Hours spent during a year and compared to resources available is how they determine how many people we can hire.

I thought every firm had something similar to Vision 2020. The other Big 4 do not?

Ahahah gotcha

I should clarify I'm ex-EY from the Southwest.

They look at rolling 12 month utilization during roundtable actually

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Does this help utilization or what

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This is convoluted. I knew two staffs, staff A was way better then staff B. Staff B got promoted and A didn't. From what I gather they have similar utilization, and staff A has better reviews.

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PwC, where do you go to check your utilization metrics?

Question for EY ppl - what's the truth about the blackout period for utilization tracking in May and June?

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So I am a PI staff 2 in the west coast. Already in the PIP due to poor utilization last year. Trying everything I can to get staffed this time round but only 50% utilization up until now. (CTD)

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Is June utilization not counted at EY? Lame

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So I am a PI staff 2 in the west coast. Already in the PIP due to poor utilization last year. Trying everything I can to get staffed this time round but only 50% utilization up until now. (CTD)

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