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You mean creating an artificial set of boundaries for motivated competitive people is demotivating? I’m shocked!
Don’t expect mid-year cohort adjustments even with mid-year promotion. I think the latter is real but don’t expect the same volume of them at mid year as at YE
PwC1, are you in Advisory?
How has it changed things?
I believe partners are constrained by the model as to how staff salary/title movements can occur. When staff don't get the compensation increase or title they expect there can be a full year cycle before a retry, within that time they weigh the choice of staying or leaving the firm, and I don't think there is much partners can do to appease them.
^ not true. We now have a mid-year promotion cycle.
We'll see how that materializes this year. I'm wondering whether there will be cohort adjustments mid year and how many actual mid year promotions.
What is a cohort adjustment? Are you referring to the overnight? I’m not familiar with the term cohort.
No, PCS
Then the cohort model does not apply to you. It’s for Advisory only