Question for PPMDs. I heard that a long time ago we used to get paid for the overtime hours we put. When/why did that change? Could you ever see this coming back?

like
Posting as :
works at
You are currently posting as works at

EY stopped overtime in 1997. The starting salaries and raises in Oct97 incorporated the switch from getting paid OT to a straight salary. It is never coming back to the B4, or other firms, I imagine.

like

I assume positions were re evaluated at some point to determine if positions were exempt or non-exempt from overtime under FLSA. My understanding is that CPA positions are exempt from overtime

like

its been litigated several times in states like CA and associates and even seniors have been found to be non-exempt, but pwc makes employees signed a forced arbitration clause that precludes employees from forming a class action lawsuit. pwc knowingly violates labor laws because its cheaper to just settle individually

like

Uh, pretty sure this has been litigated tons of times with the opposite result you’re saying.

The entire purpose of requiring employees to be CPA candidates is that it’s the primary defense against claims they’re non-exempt. You’re requiring they maintain a speciality license or be in the process of obtaining it. That pushes them into exempt.

like

We were paid overtime in the early 90s. We banked the first 80 hours (to use as extra PTO) and were paid overtime the rest of the year. It was over by mid to late 90s. We got a decent pay raise to account for the overtime and they increased our PTO by 80 hours.

like

From memory, PW (pre PWC days) was the first to eliminate overtime. I remember because Arthur Young (pre EY days) paid OT. We lost a number of candidates to PW because it looked like PW paid more.

I don’t think major firms will ever go back to paying OT to staff.

BTW, until the late 70s or early 80s, major firms had you ‘bank’ your fist 80 hours of OT as comp time (additional vacation). If you didn’t use the time you got paid the following year. Really delayed getting paid!

like

Related Posts

I am starting a 4-months internship at a company B in January. However, I just heard from a company T that they will interview me for their full time position.

Company T is paying me way more (twice) than Company B. And I like company T more. However, they want me to start working in February if I get this position. If I end up getting the offer, I will have to quit my internship at Company B, almost immediately after I begin the internship.

Is this okay?

like

Hi folks,

If a person resigns on April month when yearly reviews are going to happen and bonus are being sent out.
So, can he get the performance bonus because he served the last whole year with dedication?

It would be helpful if managers can answer this because they are the people who approves or decline this request.

like

What can be maximum pay that can be offered when I am switching from Dara Engineer III at Walmart to Data Engineer II at VMware ?

like
like

As a lateral after many months my appraisal starts and is hike good in ibm?

Hi All,

Received offer from IBM.
Could you please comment the monthly take home .
Thanks
IBM

Post Photo
like

IBM Infosys Today I cleared technical of IBM

Any suggestions for techno-managerial round please.

How much salary expectations i should say in hr round

I have 8.5 CTC and 2 lpa allowances right now in my hometown city Indore

I have 4.5 years and experience and interview was for Azure data engineer/spark

like

VML Sr Art Director position assuming 7-10 years experience. What’s a fair salary expectation for the Midwest? Chicago/Kansas City area.

like

I got 50% hike in Infosys however in accenture, I got 20% mid year hike and 30% hike promise in Dec'22 to match Infosys. Should i stay in Accenture or move to Infy? which company is better?

like

Hi everyone,

I wanted to leverage the hive mind in finding out how best to negotiate a verbal offer for a 100%-remote Product Manager role in NYC, with a IT infrastructure/digital services firm (MNC but non-American):

Base salary: 120k

Sign-on bonus:10k

Bonus: 15%

No stock options

How competitive is this, and what should I negotiate for please? The written offer comes after verbal agreement.

I've 10 YOE in tech project management; 7 in product management.

like

When do we get the annual hike and bonus mail in Novartis and secondly whats the cutoff date for being eligible for hike

like

I have two positions open - 1 developer (goLang+ Networking) and QA lead. For Referral please reach out to me. No issue for salary range for perfect candidate.

like

Has anybody successfully leveraged a job offer into better conditions at the incumbent firm? I.e. office transfers or better case opportunities - not compensation. Or do people get offers and take them as a matter of course?

like

Could you please tell me in-hand for the below

Infosys Tata Consultancy Accenture HTC Global Services Cognizant IBM

Post Photo
like

Hi fishes, what's the fixed range for B30 Engineer 2?

I'm looking to apply for a Principal , Prod Svs. App Support position in Chennai.

Does anyone what the typical salary range is for this designation?

YoE: 13
CCTC: 21.3L

Hey everyone,
I just applied for
Citi bank for an AML compliance analyst position. It’s a hybrid position in Tampa FL. Any feedback on the company, salary, Company values, benefits please and thank you. Citi

like

Larsen & Toubro Infotech What is the yearly hike % in Larsen & Toubro Infotech ? And how much % of variable pay we can expect?

like

Please suggest,
LTI 24 with variable,
ZENSAR 21
XORIANT 25
I've to decide asap.

like

More Posts

How long were you a senior in FDD before things started to click? Really enjoying everything so far but feel like I am behind my peers. Been about 7 months now.

like

Anyone know if the wellness subsidy would cover an office chair? Or does D cover office supplies or nah? Looking to upgrade my home office. Thx!

like

For those of us working with Healthcare clients or in Healthcare, what can we start doing to accelerate healthy change in the industry. It seems like so many people need support and guidance with OCM.

Looking for Remote/WFH roles in Analytics domain - Senior Consultant/Team Lead/Asst Manager. Have 3.5 years of exp in Banking analytics domain. 6.5+ years total. Open to other domains as well like Marketing Analytics, Insurance, etc.

Kindly let me know in case of any available opportunities.

like

I feel like being gay just adds another layer of difficulty while trying to date in consulting.

like

OK! Confession time. I am a hypocrite. I judge people@if they ghost me on Grindr, at the sametime I do it a lot. I feel ashamed now

likefunny

To NYC members: Anyone here planning on sitting for FAR in December or January and would like to join a weekly (or biweekly) study group on the UES?

like

Please advise. I am trying to keep the CV short but I feel I am really underselling myself. TIA

Post Photo
like

Staying at a Hilton currently and have had tons of minor issues in the 3 days We’ve been here. Room wasn’t ready for 45min after check in time, AC did not work, maids did not clean room...continued

like

How is Fujitsu for SAP Functional having 8yrs exp, offering 25 fixed.

like

Any insight on Aesthetic Medical Device Sales? Interviewing this week.

like

If you can’t sleep before an interview should you ask to reschedule? As in, how bad does it look to ask to reschedule?

like

Hello everyone. I have applied for a junior Java developer position, and tomorrow is my interview. Can anyone let me know what topics are asked in the interview? This will help me prepare for and crack the interview. Also, if anyone can let me know what OFSS does, is it part of Oracle or a different company?

I already got a job offer in Singapore and had submitted all the docs required to HR. My question would be how long is the EP's processing time? And what are the chances to have my EP application rejected? I have 4 years of experience at my current firm, is that too little?
Tyia

like

2 friends from college just stayed up with me for 4 hours to make last minute edits to my horrid Wharton essays. Admit or ding I’m grateful to have friends like this in my life.

likeuplifting

Anyone from accenture capability network in sap s4? Please dm or comment. I have some doubts

like

Has anyone tried to get an extension on an offer and they push back?

like

Need advice and help.

I have realized I grew up in a household where my dad did not treat my mom as an equal. He belittles her, is rude and convinced his way is the only way.

It is painful to say, but some of this shows up in me and in my relationship. I am starting to catch myself, and it to me seems to be more of a reaction than anythjng that is ever intentional.

Wondering if anyone has dealt with something similar, and any success in making changes besides therapy. Cont. in comments

helpful

Is $1K/day under or over for freelance ACD in NY?

like

Additional Posts in Accounting

Did someone get fired in the new manager training in Orlando after getting drunk?

like

Does anyone work at Protiviti? What is it like working there? How is the IA department?

like
likehelpful

For those a little farther along, when did you go from feeling like a grunt following orders to feeling more like you had control/in the driver’s seat?

like

One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

like

Is it possible or even allowed to take a leave of absence to focus on getting the CPA exams done?

like

Everyone talks about career suicide if you leave big 4 too soon, but shouldn’t overall life satisfaction be more important?

like

Any experience with Alvarez & Marsal? They’re recruiting for tax positions. Any and all information regarding pay, company culture, etc is welcome. Thanks!

like

Help! I accidentally clicked on enable content and I’m about to cry 😭

likefunny

I pity those who revel in the "accomplishment" of have 100+ YTD utilization. Y'all got suckered by the firm.

like

It's been a tough year. Have any auditors out there negotiated their salaries upwards? If so, what did you say, and how was it received? I am newly promoted and wondering if that is a good move or not.

like

People who are single/live alone, how much a week do you spend on groceries, food, and alcohol? I feel like I average around the $100 mark and not sure if that’s reasonable.

like

People who moved from Big 4 Tax to industry, what job titles did you apply for?

likehelpful

new mgrs and SMs what did you think of the milestone? impressed or not impressed?

like

If minimum wage is increased to $15 dollars, what else do you think will be affected? Do you think other salaries will increase, do you think there will be a jump in prices, or will there be no changes besides less people in poverty?

like

Any thoughts on Financial Service auditing Deloitte NJ vs PwC Asset Wealth Management auditing in NYC? I prefer NJ location cuz I’m currently living in NJ but also see audit at PwC more interesting? Anyone have any ideas on their clients? Who has better and bigger clients? Is it worthy to move to NY for PwC opportunity?thx

like

I’m a third year associate who is planning on putting in my two weeks on Friday... accepted a job at a regional firm in the same LoS. Should I hand a physical letter of resignation to my lead partner?

like

Why do guys don't ask girls on dates anymore? I know this guy likes me, he already told me friends so but hasn't acted or done anything in respect to us hanging out alone, such as get food

like

Does anyone know why managers call themselves “Executives”? In my mind, I only consider Senior Managers and up an Executive. Just curious if anyone else thinks it’s a little bit of a stretch.

like

Advice on working hybrid with team members completely virtual with some team members in the office? Struggling to maintain a positive attitude when it feels like managers rely on those who show up disproportionately to those who are fully virtual.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal