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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!
Senior manager is a large bottle neck to partner. This could be a retention strategy to keep good senior managers. Dont sweat it for now.
Pwc4 it's not a promotion to make a current assurance service manager into a director. They already are the same level that we call director in tax. The new position is not one before partner, its two before partner.
Pwc4 we do understand that perfectly, and the communications are very clear that the new level is the one above manager. They are re-titling the current assurance senior managers to a new title in the same position, and adding an additional level below them.
Pwc14 thanks, although 🙄🙄 at keeping it confidential for now. Stupid.
Also, PwC14, click the link for assurance in Tim's email and you will see that the senior manager position isn't changing and will not be the new position. Director is the new position they are creating. Like I said, it may be different for you tax folks, but for assurance, director is the new position
“All assurance senior managers will be retitled to director and we will introduce the new senior manager level below director"
Oh my god. Why doesn’t he get it?
He just started but prob won't actually say anything about it.
Exactly, current managers (ie me) have something to worry about!
Let me give you a little more to digest. This is all setting up client service staff to take tours in IFS to better understand how the business runs. That is why IFS was adjusted too.
I'm not making that comparison. All I'm saying is that it doesn't matter what change goes into effect, there will be a forum on fishbowl to complain about it ... and I find these types of threads entertaining. I didn't say anyone was stupid (nothing wrong with being skeptical, it is what the firm expects you to be). Nor did I say anyone was being a child. What I do urge you to do is have a very honest discussion with some partners about your career and also your mistrust for the firm. I will say that the firm is not good about outreach to tell you about your individual future but is better if you are proactive, open and honest.
PwC22 - not a partner. Just someone who had some very bad times at the firm and felt as though they (the firm) weren't interested in me/my career/etc. finally got to the point that I talked to a couple partners that I worked with and had what I felt was an okay enough relationship with to be honest and it ultimately helped for me. No lecture ... just advice freely given. Will it work for all ... no. But I personally wouldn't work for a company that I don't trust at all.
I think this is how KPMG is too? Have a director role before partner
In full disclosure I will probably be promoted to director before 2019 where this kicks in but I kind of like the distinction between manager and senior manager.
Retitlement not retirement
Well it doesn't make any sense to retitle a person who has been a senior manager for 1 or 2 years. It said ALL so I'm assuming it means all. Which is absurd.
Whoever is a senior manager as of June 30, 2019 will be retitled on July 1, 2019...even if they were promoted effective July 1, 2018
In tax we haven't had senior manager before. Senior manager in audit= director in tax. They aren't giving the current assurances senior managers a promotion, they are just giving them the same title as their tax counterparts when they add in the new level underneath, so they aren't essentially denoted.
No PwC13, this is clearly over your head. This is not a new senior manager role they are delineating, it's a new director role. Therefore all those that are senior managers should not be guaranteed to be directors just because they happen to be a senior manager on June 30, 2018. One year of being a senior manager does not make a director. I'm simply saying that retitling someone after they are a senior manager for one year makes zero sense. It would take away that person's ability to get another promotion bump in the future
Pwc13 and pwc14, you are both in tax and don't understand that director is new for assurance. You can't possibly squeeze in some sort of new level between manager and senior manager in assurance. The new level for assurance is director. It's whatever comes after senior manager. My issue is that someone who is not an experienced senior manager will be retitled to director when they don't have the experience level of a director. Maybe you should reread the info from Tim