Accounting

So KPMG is getting a lake house and Deloitte has DU. Any Pdubers on here know if the firm is making some sort of central campus or are we to cheap?

likehelpfulfunny
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Been here 2 years and still haven’t been to DU. all virtual trainings. Despite all the hype and hoopla.... Deloitte can be cheap too 🤷‍♂️

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You must be in the wrong service line lol audit goes almost every year I’ve personally been at the firm 6 years and been there 7 times

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Andersen was an innovator and industry leader with its centralized training campus in St Charles Illinois. And the benefits (monetary, culturally, technically, quality, etc, etc) were substantial. I applaud any firm that invests in training for it's people. If done properly, the ROI is unmatched. ps...at Andersen, the only time I had a roommate was when I was a brand new staff at our initial training (1st week with firm, local training and commuted from home..... weeks 2 and 3 in St Charles with a roommate and it was great). And of course all meals were provided. I was probably there another 10-12 times in a single room. I think there may have been a few local/regional trainings at hotels and levels below manager picked roommates.

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likehelpful
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IIRC Andersen built Q Center as part of a settlement for Mattel auditing impropriety back in the 60’s. Used to be an old women’s college; that’s why the rooms are so damn small!

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Possible PwC did a feasibility study and determined it isn’t worth having a large campus. I would estimate that Big Four trainings are 25-30% effective on average. People have chargeable work, some material is already known or repetitive, etc. I would rather my firm spend money on the training content and technology upgrades rather than resort-like training centers.

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The networking aspect is huge. I look forward to in-person trainings, feel more engaged, and learn more. By contrast, online trainings just feel like a chore.

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I live right next to KPMG lakehouse. Been watching it get built and looks pretty cool so far. Kinda an interesting idea, wonder if the other B4 will follow

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Post pics? ;p

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I think it is cheaper in the long run too since it covers lodging, meals, possibly even transportation to the airport (airport is literally next door) which is why I think it’s a pretty cool/interesting concept. This would be beneficial for the other B4 to do too

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likesmarthelpful
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I’ll admit I’m a little skeptical on Lakehouse. I think there’s a lot of “showcase” items that are either going to be limited or not actually useful but sound good on marketing materials

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L&D here - have not heard of plans for a training facility. We are being pushed to digitize much of our training. For the record, the roommate policy for staff is not something I’ve ever been a fan of, unfortunately that directive comes from leadership.

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likehelpful
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We are losing talent by being so cheap.

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I’m a 35 year old woman with 3 kids, and had to have a roommate when in training at PwC (I’m below manager). It was super weird, since my roommate was a 24 year old, and brought a guy in the room at night.

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KPMG2. that's a great story.

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Didn’t we all have these owned facilities before and we all sold them off? I’m not sure any firm avoids this because they are too cheap. It’s probably cheaper in the long run to have your own facility

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For the skeptics: the MPA advisory team in my office was working on the lake house. Sounds like training is gonna happen a lot more often. I think it’s super well intended. They say its already booked for training every week next year.

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Honestly, I’d join KPMG just to go to the lake house for trainings. 😂

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likefunny
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The way PwC runs trainings these days I’d be surprised if opening a campus is cheaper. We stay at third rate hotels and use PwC office conference rooms during the day.

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Nah, Deloitte and KPMG (coming soon) have better facilities for sure.

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New hire classes are bigger every year. Makes sense to invest now. EY should ditch the Q Center. It was good for it's time, but it's obvious the building is not able to make the updates n needed to keep up with the 21st century.

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Q center feels like a combination hotel/white collar prison/sanatorium.

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Super pumped for the Lakehouse, still wish it’s called Kamp KPMG tho. Yeah the firm invested $400M +

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funny
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We could have even called the bar The Klub! Or Klijnveld’s!

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