If a colleague leaves after fiscal year end, but before comp decisions, would the remaining team have better raises/bonuses as a result from what he/she would have received? Small team (~15 total)

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If you’re at EY, then no. When determining comp, decisions are made on a much larger scale. Changes within your individual team don’t matter, but your reviews do.

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Hmmm. OP’s team is becoming suspiciously small...

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Turnover is built into the comp decisions.

No, bonuses aren’t team based. If you’re at a midsize poll at the end of the year they determine how much money goes into a bonus pool. So technically, if you have less employees in theory the money has to go somewhere. Likely to the highest performers.

This is not the case at big 4 though.

Technically at EY it could be a positive if the person left after local team PBB allocations were given to local partners to allocate as they see fit

EY3 when does usually that happen?

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