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Of all the EY stupid stuff, this one is at the top. First of all, I live in Charlotte, where lunch is half the price of NYC where my client is, If I paid for lunch. Instead, I pack lunch when I'm home, which I can doe for $2 or less. I don't have a fridge or kitchen in the hotel to pack lunches. For those of you that assume every buys lunch every day, stop being stupid.
Someone is feeding you BS. I've heard the same thing before but don't believe it's actually true. Where in the policy does it say what time is considered breakfast? It doesn't. I eat breakfast all the time past 11 am on weekends.
Because companies will do anything to get even the littlest profit they can
Industry standard is you don't get a free lunch
D lets you reimburse lunch
OP if EY cuts back on dinner allowances because of your post, I'm coming for blood.
I asked myself the same thing 2 years ago. Then I stopped giving a poopz
For us it is
10x4x4x10,000 = $1.6M a month for 10k employees in lunch money
You would not be paying for lunch anyway, many people bring food to work
How much money are firms really saving in the end though? This would likely just get added to the reimbursement from client and would really make a lot of people feel so much better.
Totally agree. Less hassle with clients, less auditing work... it doesn't make sense to do it.
It's a crappy rule.
So does A ^
Lol. Well we could form a union to demand lunch benefits if you're that pressed 😂😂😂
Yes but in comparison to hotel, dinner, travel that's nothing. At least let us decide between breakfast and lunch! That would have zero economic impact. There's gotta be some other reason beyond client optics/paying for the few people on internal projects (not training since that usually has lunch included) that can't charge the client
*65
In any case, it should be per diem. That's the 2nd most ridiculous of the stupid EY stuff list. I'd love to know how many people we have looking through every single expense. It would be more cost effective to our clients and our firm to do per diem.
PwC doesn't either. But it's really engagement specific.
I believe the origin at EY is because the audit engagements do not pass expenses to the client and there is a universal expense policy that includes exceptionally dumb rules like $50/person for BD dinners