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Hello everyone!
Can anyone please explain the promotion process followed here and specially at LCCI? If there's any minimum criteria like X no of years in a particular level, etc. followed while checking eligibility of an employee?
And also - what's the hike/increment range usually at the time of promotion?
Eli Lilly and Company.
Any leads would be highly helpful.
Thank you!
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I don’t think they will be automatically promoting anyone... they would never do that. More likely they will just continue their trend of spending more time in roles. 3-5 years manager 3-6 years SM and then who knows how many at Director prior to partner. Don’t feel like this increases the time they keep you. If you don’t make PwC your life above all else you’ll get coached out. Seen it happen to way too many folks who wanted to spend a tiny bit of time with their family...
Just another way for Timmy to cheap us out of the money we deserve. I'm sure my promotion raise from manager to senior manager will be much smaller now that there is a director level. And all those poor folks getting "retitled" will get screwed over because they won't get the promotion bump that those beneath them will eventually get. Please just take away some of the crap "benefits" like identity theft protection and discover and well being rewards and give me cold hard cash. I don't value these benefits as much as I would a pay increase!
Who cares if the title changes? It's the same level. It's current managers (or almost managers) who won't be making director/sm in the next year who have something to worry about, nothing is changing for current senior managers. Just watch the webcast lol. Let mike explain it.
Not sure why this is an issue. If typical path was 3 manager and 5 director (or SM), I would think new path would be 2 manager, 2 SM, 4 director. Pay could easily be kept the same as before, given that there is not a significant jump in pay from manager to director like there is with Assoc to senior and senior to manager.
Haha true! I just think it's crazy that you could be a senior manager for 1 year then automatically get retitled to director. Just looks like another way for the firm to screw us out of promotion bonuses, sizable raises, etc.
...yeah. So why would the new lower level senior managers have the same title as the director equivalent senior managers? This is clearly over your head
I wish I could help you understand this pwc4. Keep researching, eventually it will click. In the meantime, feel free to reread my comments and pwc14s post above
The assurance one says the same thing pwc4. Current senior managers are being retitled. Not promoted.
Is Mike actually going to explain it? So far it's been 15 minutes of bullshit fluff.
Ever since I heard this was in the works I couldn't wait for this post. I knew it didn't matter what was communicated and that there would be complaints about too long of a notice (cause the last time they gave only 6 months that was too short), it's a cost play to screw us, it's a time play to keep us here longer, etc. you pretty much hit them all. However, I will say the harmonization of global roles will be helpful as the firm could go to one platform and have cost synergies (as well as those geos that had many levels would save more than we will). The only real change in the us will be in lieu of 5 - 6 years of snr manager it'll be 2-3 years each at snr manager and director.
You're comparing apples to oranges if you really think that screwing 6-year manager promotes out of 20% of their bonus months before they were set to earn it is analogous to title changes. Further no one here is complaining about not enough notice. The notion that this will not impact compensation or timeline to partner is laughable. Not only are we all adults here but we're also not stupid.
More update, effective 2019 so those who got promoted this year will have to make director in 2 otherwise they will be considered senior managers.
What's really crazy is that everyone that is a senior manager in June 2019 will be promoted directly to director. So there will be a VERY small number of senior managers in 2020. Only those that will be promoted to senior manager as of July 1, 2019.
@pwc5 that is what the email said. On July 1, 2019, "all assurance senior managers will be retitled to director and we will introduce the new senior manager role below the director"
Correct EY2. In tax, we call them Managing Directors.
@pwc4 I wouldn't rather have the cash. Discover is awesome.
What happens to Managing Director role?
MD is sill there but that is more for people getting passed over for partner. I think what will actually happen is everything stays the same expect you spend 3yrs as SM then promoted to director until you are ready for partner. As compared to sitting there as a SM for 5 plus years waiting for partner. There won’t be a promotion pay bump to director just the normal raise you would receive going from 3rd SM to 4th year.
Pwc 4, do you really think they'll pay us instead?
Why they are delaying until 2019 is beyond me? Can people really not cope with 6 months notice of a change? Watch managers leave who can’t be bothered to wait around.
Who received the email? I haven’t seen anything yet
Managers and above got the email