Related Posts
Apps for keeping track of billable hours?
More Posts
I wish I was rich.
How to check bench ageing in Virtusa?
Additional Posts in Accounting
Work Stations? How 'bout nap stations? 😴
How would you improve K-12 education?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
45 hour weeks are September to the 2nd week of November. It's used to compress schedules during peak busy season. It's primary for FAIT professionals working on SOC or Channel 1 clients. This time of year it's not hard to hit 45 billable hours. For my teams I buy an occasional lunch or team happy hour.
Essentially that your career progression grinds to a halt after you leave PA. Im a senior 3, my friend who I started with left at staff 2 to become a Tax analyst in industry. Since then she’s since just a tax analyst and makes 35k less than I do. Most of us just try to survive to manager so 6 figures guaranteed till the day we die.
They are just trying to make sure you hate your life.
They assume you lie/are unproductive for 5 hours a week, so they make sure you give them 40hours if work, while they bill 45 and capture that delta.
Do what I do...do 40 productive hours, bill 45
PwC 2 pass the loud that you are smoking. Nothing has worse profitability than assurance.
Woah that seems extreme. If anyone wants to split a referral bonus, RSM does not enforce such policies.
Don't worry rsm1 your partners will soon copy it and call it workplace innovation
I think you guys might be confusing top line revenue with bottom line profitability
Cost nothing to work you. While expensive to hire.
PwC 3 ditto, audits are often done on 70% discount
Trying to get more out of the current employees
Since when? In FSO Advisory, haven't seen anything about this
Advisory practices are struggling to meet the profitability of tax and assurance.
I honestly can’t recall when I’ve a 40 hour week.
Nah PwC 2 is right...some particular jobs have huge profitability but advisory as a whole is less profitable.
How is advisory less profitable? When i create the initial budgets for projects I'm instructed to aim for a margin of 40%. Audit really gets higher than that?
Pwc3 the firm makes a bulk of its money from audit services. Even if advisorys margins are better it's typically less recurring and doesn't equal the amount that the firm makes off audit
This did come out on the EY side at least in NY we had a meeting about during the office visits
There was an email sent out about it in august
It's 45 hours for the whole year
I can recall when I billed 40 hours working 60 pretty readily though