I hear Moss Adam’s has traditional PTO and that word is they’re not planning to pay out accrued balances at merge, when they switch to unlimited. Is that legal? I can imagine some people have thousands of dollars of unpaid accrued PTO.

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

It looks like I'm basically going to be "out" $9k if it happened today. They are really pushing the narrative that no one needs to use their accrued PTO before June 3rd; they dont want half the firm disappearing in May. They are also not specifying when we'll know the actual plan, so it will be too late to take any actual action (can't let non-partners benefit from the deal).

likefunny

Except let's pretend I have 200 hours and the person next to me has 0. They immediately get on the "unlimited" plan, while I have to use my accrued PTO before I enter the plan.

I understand I don't actually lose my chance at PTO, but the value of that PTO goes from $9k to $0 on June 3rd. As of June 3rd, just erase my PTO balance because it literally doesn't matter at that point other than they have to show it coming off their books for legal reasons. The best option is to literally "cash" in on my PTO before June 3rd, and then immediately get "unlimted" PTO.

The only issue with this is that the firm is refusing to answer how this will work because they can't afford any of the options. They can't afford half the firm disappearing for a month, and they can't afford the payout.

like

They gotta save money somewhere to pay out the 7.5% “bonus”

funny

It’s the same deal BT gave. First payout was 12/6, second will be 6/1 of this year

Some states have 5 days max that they need to payout. A few force the full amount. It really varies by state though.

like

I agree I believe this varies by state. CA as an example has a statute/reg regarding PTO payout.

It’s very legal…EY did it when they switched to unlimited PTO

like

I believe that is state/country dependent. No overarching legal mandate that I’ve seen

It has been communicated that accrued PTO would be banked and used first and once that had been exhausted we would switch to unlimited. I assume it is legal because so many lawyers are involved. Legal but unfair

Dang.. that’s crappy

like

My earned pto is worth more than this retention bonus so if they are not going to pay it out they need to let us know asap. There is no reason to stay and I have lost compensation promised to me.

The updated FAQ specifically states no payout on PTO. I would suggest using what you can in May.

Related Posts

Friendly reminder, NO ONE likes that person who sends emails when your company is closed.

Don’t be a loser, enjoy the time off.

likefunny

When is it either allowed or seen as OK to start using FTO? I recently started here and while I’m not looking to slack off and take time off, I just want to know how it works. (Plus, I don’t want to not use something that I can or should use.) Elementary stuff, I know. But I’ve freelanced my whole career until now. Thanks

Looking at full-time and application asks for expected salary and then expected total compensation as a number. How should I figure out the second? Health insurance, bonuses, life insurance, equity, PTO? I studied art, not math.

like

Any book recommendations for the summer vacation season? What's your favorite book over the last year?

like

🎄How do you plan to recharge over the holiday break?

Drop your plans or ideas below! 👇

like

How do you deal with a Midlevel who tells the partner you’ll cover for them, but gives you less than 24 hours notice they’ll be gone without asking if you can cover? I helped out back on July on a deal with they were on vacation, and now every vacation since they keep adding me back on without keeping me appraised of the deal in the interim

like

🌟What's happening Wednesday🌟
What's going on in Charlotte? Let's use this thread to share events, concerts, holiday festivities, and other fun things happening in the city this weekend!

like

Are there any fun holiday pop-up bars this weekend? I would love a reason to wear my ugly sweater!!

like

I’m in a little of a pickle but a good one. Offer A. Established “start up” doing well financially and projected to hit profitability. 130k base. Stocks offered, unlimited PTO, and 70% Medical covered. Offer B. Is at a business much larger…90k salary with 10% bonus and generous stock offering. Titles are different which is why the pay is much different. I know some may think it is a no brainer but offer A allows me to grow the department ground up whereas offer B id be apart of to just different

like

Best place for holiday office parties?

like

Although summer vacation is about over for some of us, what do you do as summer jobs (to get by when school is out)?

like

California 🐟 does your vacation payout when you leave your job get taxed at regular wage, or bonus, levels? Does your employer have discretion to choose?

like
like

Going back to work tomorrow after a 2 week long vacation. Scared to check my emails 😭😭😭

like

Do you work the holidays into your lesson plans this time of year? Or is it too much of a distraction from your routine? Teaching a SPED music class this year and the students have finally *mostly* become comfortable in the room and with the instruments + noise. We usually work on the same songs each week for one month, but I'm thinking of switching it up and doing Christmas/Holiday songs next week as a send off into break. I work with mostly autistic students.

like

If you were in a private company assistant controller position being offered $10k more to switch over to public and much better PTO days and fully remote as opposed to an in office position that I’m currently at in a Real estate growing company. Would u do the switch back to public (left public just recently)?

like

Fishbowlers - do you book your vacation and ask for forgiveness later, or ask for the green light from your PM and then book?

like

I have a phone screen with American Express. Does anyone know how many days of PTO is allotted?

like

More Posts

What's the variable component in s&p global , HR is saying only fixed component will be mentioned in offer. Pls guide...

How many points does everyone have at this point? Looking to either stay with CSR or potentially move to another card

like

Staying at a Hilton currently and have had tons of minor issues in the 3 days We’ve been here. Room wasn’t ready for 45min after check in time, AC did not work, maids did not clean room...continued

like

Men w/ the newer style Apple Watches: what size Apple Watch do you have: 40 or 44mm? I’m 5’7” and slender and was thinking that the 44mm might be too big on me even though I want the bigger screen.

like

Any book recommendations about human psychology / thought processes?

like

Do you also think this LinkedIn posting is “heartwarming” as some of the comments say? To what extent is it socially acceptable to position your children like that? Could people misinterpret this as a backdoor brag?

Post Photo
likefunny

Hi all,
I'm a Software Engineer with 14 months of work experience. I want to move on to Product Management as my current job doesn't align with my long term career aspirations. I'm pretty confident in the tech aspects of my job and am undergoing a course in Business Foundations.
Any suggestions on what career steps I should take?

like

Hi,

Does
EY GDS give any joining bonus?? HR told me that they have stopped giving joining bonuses since a year

EY

I have two offer as an electrical designer of Jacobs and Worley Which company i should join? Jacobs and Worley

like

What’s the scoop on DDB Chicago??!

I am moving to Pune next month . Office is in EON IT Park , can anyone suggest good localities around Kharadi. Since I’ve heard Kharadi is bit expensive , I can stretch about 6-7 kms . Requirement- 1 bhk fully furnished, Budget - 20k .
Mumbai -> Pune

like

Can anyone please share the exact address of the AMEX Bangalore office location?!

People who are joining Nagarro, Make sure you are aware of the project details before joining...lot of projects in Nagarro are sub contract projects..
Make sure your skills are matching. Don't just see package only...

like

YYY, aren’t you on my level?

Post Photo
like

Has anyone been Veeva certified? If so, what did you think? Have you seen any ROI yet?

like

Poll: who uses their lunch break to workout?

like

Will it ever not be a boy's club?

like

Ladies, did you put on make up before your delivery for photo purposes?

like

Any tips to manage third party vendors and their employees from a contractual point of view to make sure they deliver well.

Additional Posts in Accounting

How much does a big 4 marketing director make in the Bay Area?

like

Is CMA worth getting after getting the CPA? Or is it better to get the CFA. Also don’t have much finance background so I don’t know if I can pass the CFA will require a lot of hard work. Interesting in hearing people’s thoughts.

I have no plans in leaving PA anytime soon but I figure maybe I should look into another certification that holds value and makes me more marketable compared to my peers. Appreciate any thoughts and advice.

- Also considering going to a t14 MBA in future.

like

The partner in charge of my office had a nearly hour long conversation Tuesday with our new hire, behind closed doors. I didn’t hear yelling, but the bits I heard weren’t good. Will he be fired?

like

I am a Staff II in tax and am looking to go into consulting or finance. I have experience in finance and like the idea of switching. I like where I work, but have realized that I don't necessarily enjoy tax. I want to keep my options open and feel that tax doesn't necessarily give me the capacity to explore opportunities besides tax due to the fact that is it such specialized knowledge. Does anyone have any stories/ideas about moving to consulting or finance? Or is one preferred over the other?

likefunny

Has anyone ever used a home equity loan to pay off debt (at a lower interest rate)? Smart or bad idea?

like

Exit opportunities for two years financial services?

like

Anyone ever boomeranged from one Big 4 to another and then came back to the initial Big 4? If so what was the reason?

likehelpful

When traveling for the week, does EY strongly adhere to the no expensing lunch policy or is more of a keeping the amount per day under a threshold?

like

What would you choose and why? Core Tax, SALT, or International

Has anyone transitioned from working in a company to being an independent contractor? How long did the transition take and what are the pros or cons from working solo?

like

What would you do differently if you were to join your firm/team again? I am starting in a new team as an M1 next Monday and besides asking more questions, any tips on making a good start would be great!

like

26 y/o JD, CPA, CFP --- what are my odds landing a career with the FBI?

like

Does your coach see when you get a real time recognition award?

like

What is the best phone for Deloitte apps?

The new well-being program, is the maximum you can get per quarter $40?

like

Should I get the Apple Watch 6 or wait to see if they announce an Apple Watch 7 later this year?

like

Since it seems like every service line and every public accounting firm is bleeding people where are all these people going? Are there that many open jobs in industry?

like

I feel like I've been listening to Lookin Exotic all day today....such a good jam

like

Don't look for your happiness in a job or a career. You will always be chasing it. What makes you happy?

like

how is the Alvarez & Marsal public sector practice? any insight would be helpful!

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

Scan your QR code to download
Fishbowl app on your mobile

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