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For those tech consulting folks, what is the best EPM or FP&A system objectively speaking if your firm is not technology agnostic?
Mainly catalyst for change is overall time savings from my experience (ie, accuracy, central source of truth, agility on scenario planning).
What are other key intangible measures that you’ve seen where benefit outweigh hard costs?
https://questoraclecommunity.org/learn/blogs/oracle-epm-cloud-named-a-leader-in-two-gartner-magic-quadrants/amp/
So who else is at Hilton Orlando this week?
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Not really. None of the big tech companies are down much. But let’s say tech crashes by 50% which is highly unlikely but let’s assume so. That just means a senior SWE comp package which was 400K is now 300K at worst. Still easily out paying other industries including consulting.
And you completely ignore how much end of year refreshers will boost your comp if the stock does crash and later rallies. A good example is Snapchat. People who joined or got refreshers at its absolute low of $5 within a couple of years saw their stocks worth almost 20X when it went to $80 (mid 2019-mid 2021).
If you were given a 50K refresher package, that alone meant $1MM worth at its peak not even counting any of the other stock grants you may have been holding to
Maybe to add onto what Deloitte said above, a new hires comp isn’t impacted by a stock market downturn (assuming no further declines) because the equity value is set on the date you walk in (or some similar formula).
So for example, when I was offered my new comp (not PwC), i was offered $X cash and $Y in equity. The equity was determined based on the valuation closest to my hire date.
Therefore, so long as my company’s stock doesn’t drop anymore since the day I joined, my total comp is unchanged.
If their stock drops after my start date, that’s where I lose value in $Y (and a refresher becomes helpful).
Rising Star
The “great resignation” isn’t really a thing if you check the data. It’s mostly a sensational narrative pushed by the media.
Continued 2. Comp will get readjusted across industries due to: a. Less pressure from big tech TC (similar equity grants will net less value) and b. Fear of recession/ corporate greed causing companies to bootstrap
Back of the napkin analysis so looking for feedback on what I might’ve missed!