I don't trust EY at all. Within the last month they:
- Increased PTO
- Increased EY-paid holidays
- Offered to bank your bonus 5x
- Provided substantial raises
- Provided better PBB than recent years

likefunnyupliftinghelpful
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My SO is in audit and this applies to that line of service as well. Good for audit, still crummy for advisory if you all are getting 5k annual bonus.

likesmart

No company / firm would increase comp and benefits costs because something is WRONG - they do it because of what is going RIGHT- ie business is GOOD if not great. And yes of course retention matters especially when business is strong. But I do believe there is a genuine interest in creating a positive work experience and a compelling economic proposition for the workforce. Of course work is still work (these are not volunteer projects, which is why you’re expected to actually work in exchange for these benefits). But wanting it to be net positive financially, personally and professionally is the objective and I think it’s a very positive change

like
Recent IconRecent

Nice humble brag, unless you’re in HR, then, you have my attention...

likefunnysmart

- Increased PTO from 15 to 22 on top of our 3 personal and 10 sick days
- Increased EY-paid holidays during winter (Dec 22-Jan 1) and summer breaks (Jun 29-Jul 7)
- Offered the opportunity to bank my 5K promo bonus to 25K in 3 years
- Gave out raises anywhere from 15-30%


This is way too good to be true... 🤨

likefunny

#ad

likefunny

Keep chugging that koolaid my man!

likesmartfunny

Nope they don't give you anything then 😂

likefunnysmart

Maybe they’ll actually let us expense lunch next! 😂

likefunny

K1: it’s only giving up the one-time promo bonus of $5K. Give up $5K now to get $25K in 3 years. Future PBBs (except for the $25K megabonus) are unaffected.

likehelpful

It’s how they’re trying to keep us all locked in so we don’t flee after the real numbers are given during comp discussions 😉

like

Sarcasm op, they will pay out the 25k with the 5k they collect from those who bail. Just like when they put 4k in your 401k and vest in 5 years. Hallow benefit at best.

likefunny

As a senior 2-3, my raise was 6%. A new senior 1 will make more than I made as Senior 2...royally screwed by EY

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Not in HR, just a happy yet reluctant soon to be senior consultant. And yup A1! Applies to all consultants promoted to senior consultants this year. Pretty good retention strategy.

likesmart

Wow that’s an insane deal

like

It’s a retention strategy. Must be grim times ahead or currently

likefunny

So if you defer your promo bonus by 3 years you get 25k instead of 5k?

like

I’m assuming employees give up 5k every year to get 25k lump sum at the end of the 3 years. To help retain employees during that time. KPMG had something similar but canned it recently....

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Lol at passing up 5k to maybe be working at ey in 3 years. If you quit or get let go I assume they give you the 5k, right?

likesmart

D2 it's all about ❤️

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*hollow

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