Related Posts
Bowl Leader
We're looking for a Senior AD who wants to produce lots of TV with crazy talented writers, a great REMOTE work-life balance and very few layers. You'll have access to C level daily. Most briefs are one, sometimes two teams and you'll produce what gets bought. Sound good?
If so please send your CV to Jsimotics@digobrands.com.
Rising Star
More Posts
Community Builder
Additional Posts in Accounting
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I've been thinking about this since March. Probably not going to happen (at least for PwC). But I would be able to afford a nice house in a different state...
Didnt President Bush keep Texas as his home address for tax purposes when he lived in the white house?
I think this is a hope shared amongst all us broke B4 peeps living in absurd cost of living cities. I think it’d be hard to justify our increased wages if we can live wherever. I think if we were able to work anywhere and choose cheaper cities/states we’d be hit with a cost of living adjustment.
That being said, I’m aligned to the Bay Area and would HAPPILY take a pay cut to not have to live in SF
My lease is up in the city and August and deciding what to do. On one hand there look to be decent deals on places in the city. Or I could cut my rent in half and have a sweet winter in Reno/Tahoe
The huge amount money they’ll save from real estate leasing will result in massive pay raises for everyone, right? Right?
EY1 yes you are exactly right! Pay raises for the Partners...not the employees
Our HR lady thinks this is coming fast and we will end up seeing a flattened of compensation across the country. I.e., why is a NYC firm going to pay people NYC wages when there is no need for an employee to live in NYC anymore. If they can hire someone in a lower cost of living area to do the same thing the same way, why not?
“Many firms” - Nah man. The biggest employers in the country all have COLA living adjustments so not true.
The airline industry and railroad industry since they’re under federal labor contract laws all have union contracts that have uniform pay but that’s all I can think of.
Never exclusive. Whether you are audit or tax or advisory clients are going to want to meet and build relationships. Can it be another year? Maybe. If on month to month can reconsider now.
I guess the key question will be harmonizing compensation by geography. A manager from the Little Rock office does not earn what their peers from New York or San Francisco would bring home. But the New York manager could move to upstate New York, show up in Manhattan once a month and carry the same comp? It will be interesting to watch how things unfold.
In IT audit and we are able to do 99% if not 100% of our work remotely and have already talked to my leadership team about working remotely from a different state that has a lower cost of living. They generally supported this but still waiting on the final say. Fingers crossed
When I was looking into this before moving to DC, I gathered that the DC reciprocity tax agreement is only between DC, Virginia and Maryland. But that was just what I read on TurboTax lol so I could be wrong 🤷🏻♂️
I agree we will probably get back to normal eventually but that will be in a long time. I’m thinking clients won’t want us in their office until 2022. Until then, I can’t see a point in going into the office for work with my teams. Wearing a mask or just doing zoom calls with others in the office seems so pointless. Not to mention most will have to take public transit which makes even less sense to open offices.
Also firms and clients don’t want to be liable for someone getting sick and spreading it around. That’s why they’re so worried about bringing us back to our offices. If Deloitte told us all to come back and someone got sick and infected their colleagues I imagine there’d be potential for a lawsuit. Unsafe work conditions and all that
Firms are salivating at the prospect of shedding real estate costs, but the conundrum is with social distancing in effect office capacity just got reduced without an equivalent reduction in square footage or lease costs. Look for current office space to be reconfigured for lower capacity while they figure it out as a lot of the spaces are in 10 year leases that can’t be exited or changed overnight. Personally, if I don’t back get to the office soon my toddler is going to drive me freaking insane. I DON’T want to work from home. It’s a mental health burden I am bearing for the good of the firm as long as I can.
Embrace being home with your toddler, before you know it you’ll be sending him/her off to college and miss these years.
Maybe temporarily but I think when the economy improves, you’ll see a lot more travel and in-office work again. It’s hard to argue with the fact that we sell more work in person. For the next year though, it will be very unlikely to sell a lot of new work so I think the companies will save on the expenses and be remote as long as it’s not hurting profits.
I agree. People create more problems in person for us to sell services to fix. We need our clients back in there office creating these issues.
Good question I’m curious and want to follow.
What about client visits? You think those are 100% behind us?
My clients don’t want me a plane ride away. They want to be able to meet for lunch if they ask thirty minutes ahead of time.
Would you actually get a pay cut versus simply never getting a raise or bonus again?
0
I think we will always be aligned to a “home office” but we will start staffing engagements across offices more.
That’s also the EY way.
It would be interesting to see what a model would like, but I just don’t see it being permanently remote. I can see a combination, where you maybe only go to the client 2-3x a week... talk to who you need to, ask questions, view physical support, etc. I’m in a mid sized market, where it’s very competitive and companies can easily leave but don’t because of built relationships. Interesting topic.
Probably adopt the fed rules, which I think gives a 150 mile radius from the home office.
Depends what you do... If you are allowed to work 100% remote that means they see you as 100% technical or workforce rather than executive (no partner material)
nice! try to start making it clear as you progress and you can start narrowing down to a more technical staff... If we are talking audit here, you can go to L&D, become an specialist in some area (EBP, compliance audits, etc)
How long-term are building leases? I’m thinking this won’t be something that will happen for a while. Additionally, I wonder how many think the apprenticeship model won’t work remote.
Usually 10-15 years for prime downtown real estate in the volume of sq ft that the firm’s lease. I’ve seen 20 offered but don’t know anyone who took it.