I was on a partner/manager call today and they were discussing the “high” turnover at the senior and experienced associate level. What was shocking is that while ours is about double normal, evidently we are 3 out of 4 in turnover meaning 2 of the Big 4 are even higher.

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Deloitte has to be #1 in turn over. 40% of our India practice in one tax service line quit in March and April.

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Wow, that’s crazy

S3, here and my raise and bonus was a big joke. I'm absolutely insulted. All leadership did was talk about it and it's laughable. My raise wasn't even close to pre covid. Bonus was a bit higher but doesn't make up for the short fall. I am really struggling to stay.

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And that’s why.. I’m looking for another job

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Hopefully this will create a big shift in the industry

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There are a ton of managers including myself already seeing what’s going on with comp and saying it’s not worth it. I put in my two weeks last week.

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EY San Francisco (Bay Area) Senior 1. There has been a mass exodus since the salary announcement last fall.

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Haven’t seen much exodus at all in Central tax. Not more than any other year at least.

Anecdotally this is absolutely true. Most people have colleagues at our competitors and have some sense of what is happening across the industry. Senior associate is a good time to exit to industry because you can easily get a pay bump and have room for upward mobility without being too expensive for the employer. We have clients literally asking us on calls if we know anyone they can hire right now.

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Wild guess, but I’ll say EY and KPMG

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Don’t believe the rumor mill KPMG1.

How do they even know that

People talk. I guess they also monitor external job postings.

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