honesty time: Is this EY bonus situation either

1) the product of covid staff getting used to free money and random raises and the bonuses were never a real thing to begin with or were rumors kept alive from pandemic days passed

2) mid year bonuses were absolutely codified and EY objectively broke what essentially was stated policy. Obviously due to the market environment and knowing they can get away with it (like everyone else)

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Posting as :
works at
You are currently posting as works at

“COVID staff getting used to free money”

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EY had deniability to not grant the bonuses, but it's a natural human reaction to be upset about not getting it. It was entirely self-inflicted. I don't think any of the other firms do mid-year bonuses and this is at a point where EY has been saying it needs wants to split because business is so good...

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They've always said it is dependent on the financials. I would have to actually go back to one of the old all hand meetings but I do remember that.

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I think the issue is most feel it was probably never going to be funded in the first place and the announcement of the possibility was to dangle a carrot in hopes it would help retain people when the job market was a bit more hot.

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It’s very trite to go on and on about how well the company is doing in this tough economic climate, to then tell us how there aren’t actually bonuses but partners will make millions

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Not sure we got "free money" at any point in the past few years, let alone at any point from EY. So not sure what you are getting at.

My guess is the firm needed a morale booster, and easiest way is to semi-promise a discretionary non-guaranteed bonus. That way, if it works out, great for everyone. If it doesn't, well it was never guaranteed in the first place so "no harm done".

I think the firms messaging was just ill-timed at worst and deceptive/fallacious at most.

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Neither

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