So this might be a better place to post this and ask this question: Uncle D has announced explicitly that most people won’t get a pay raise & bonus this year except for those promoted and high performers. Amid this crisis, are companies including other big 3, MBB, FAANG, boutique consulting firms still giving high raises and issue stocks? Can you share the impact from your firm?

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

So in summary:
Traditional consulting - shrinking / wait and see
Alix / FTI / bankruptcy guys - business is up

Very insightful everyone

like

I 2nd the above. Though I have to say the nature of the work that we do (I’m thinking about our consulting practice, which drives a significant majority of the business - not bankruptcy or restructuring) lends itself well to times of uncertainty and fear.

I don’t think business is “up”, but it hasn’t been affected enough to impact our staffing, hiring, or comp.

Disclosure: heavy emphasis on “I think”, this is purely anecdotal as leading metrics of firm performance (in period sales, staffing, pipe , etc.) are way above my pay grade.

No express changes at Accenture, but lower revenue means less money in the bonus/compensation pools, which means promotions will get it first, then high performers, etc.

People who are spending months on the bench (for any reason, their fault or not) probably shouldn’t bank on seeing a raise.

like

First we instituted no raises, then mandatory PTO usage, and just finished round three of lay-offs on 04/30.

Don’t worry though, Managers and up still received their bonuses.

“People (don’t) matter, (only) results counts”

like

Oh god

No impact here. Though I’m sure billable hrs will be slightly below budget for the next couple of quarters.

like

EY has cancelled bonuses and reduced promotion bonuses for SMs.

like

No effects to bonuses or promos were likely going to pick up hiring after this stabilizes

like

Korn Ferry has issued a temporary pay cut through end of August, but there are no impacts to bonus - it will remain the same. Unclear on pay raises. That’s pretty good for D - back in ‘09, they did all promos without a raise.

like

D2, man, I must’ve been in the wrong group!

like

KPMG cut bonuses for everyone, but it seems promotions are going on as usual. May be a smaller pool of promos tho

Related Posts

How much is the salary of program manager role in Canada google offers? I am currently working as sr.TPM with Amazon and looking for change.

like

Hi. I am wondering what salary other psychiatric nurse practitioners are earning. Thank you!

like

I’m getting paid $133K as a M at Accenture (AFS) in DC. Been at the company 5+ years. Consistently ranked a top performer. I feel totally undervalued. Trying to talk to HR. Thoughts on what I should ask for? I know federal makes less than commercial. Considering leaving for Deloitte GPS

like

Hello fishesh is it worth joining Accenture for 10 lakh P/A fixed with 1 lakh joining bonus?
Current salary- 6.5 lakh
Yoe- 3
Designation- Analyst

like

What are people's thoughts on hiring freezes in the M&A/ M&A Tax space? There are salary freezes and layoffs (especially at EY Deloitte), but will a hiring freeze be put in place? No matter how (cont)

like

What are effective ways of asking for a raise?

like

Tax SM/M comp in Austin?

like

What is the salary range for senior consultants at Accenture?

like

Does anyone work at MBB in the life science domain or adjacent? Would love to network and learn about your experience!

Anyone with insights on the corporate strategy and other strategy-oriented roles at Visa Inc. in terms of wlb, growth opportunities, comp. etc. How does it compare to Stripe, Square, etc.? Visa

like

I know it’s been talked about here and there, but can we get an actual list together of all the salary cuts/reductions Lewis Brisbois has surreptitiously done in 2022? I know for a fact that for people significantly off their annual targets, that L&E did across the board salary reductions at the six month mark and I know the NY General Liability group did similar ones. Just trying to get a sense of things as the year winds down. Its all making me nervous. Thanks!!

like

Should I pursue backpay for a botched market adjustment? My annual review’s market adjustment was based on incorrect word-of-mouth “data” (1 year less exp in my role than reality). After 2mo of pestering HR and eventually elevating it to my manager, who sent it even higher, it was corrected. Got a higher title and +9% salary adjustment. However.. there’s no mention of backpay for the ~2.5mo they took to correct it. Any advice for how to approach this?

like

Fishes 8.2 YOE, wipro has offered me 26.5 ctc+1 lakh JB, business analyst skill set, data analytics space, band b3..hope this salary would be good enough for next 2 years atleast?

like

Anyone in the AML/Compliance field? I have been an analyst/investigator for almost 3 years and have moved up with small salary increase two times ($5k in total over 2.5 years). I have a CAMS certification and have been on multiple projects while always meeting or exceeding expectations. I feel like my company pays fairly low compared to the rest of the industry but don’t want to be greedy as I am continuing to move up.

like

What matters more to you, salary or title? I'm weighing two opportunities... one would be a lateral move in the sense that I'd have the same title, but would definitely be making more money. The other is a better title with more authority, but likely wouldn't be making more money when it comes down to it.

like
like

Fun compensation discussion. No vc and no salary increase but you have done really well this year and remained as strong performer, managed revenue, contributed to sales and established a brand. 🤔.

like

Will it be a good move to join IBM GBS in 7A band. Also what are supplimentary benefits other than salary? like bonus or variable pay or something like that. How a regular day in IBM will be?

Let's talk money 💰

Why are there glass ceilings on salaries in NL?

Considering that cost of living has gone up significantly here, doesn't the market need some adjustment?

Is salary just a function of years of seniority?

I do understand the case of better WLB and social benefits than the US. Hence not a direct comparison.

Anyone who understands the market willing to share their take?

Thanks!

like

I was discussing my recent job search with some friends and we got into a small debate. I stand firm on not wasting my time applying for a job that doesn't post the salary with the job description, anyone else do this? I feel like anytime I have interviewed for a job that didn't post the salary, they end up lowballing me during the offer phase.

like

More Posts

Any pharma clients in Can/US doing in-house creative (CD/CW)?

like

Polls are not going to accurately predict coming election. Map. Is probably going to shift.

Virginia - > Blue
Rustbelt - > redder
Florida and Arizona - > ¿? ¿? Never know what these ppl r gonna do

like

What’s the best place to look for a wedding guest dress? I need formal and cocktail and am struggling to find something that doesn’t look super plain Jane 😩

like

How can you tell if you dislike audit or dislike your engagement? I’ve only been at the first for 8 months and it’s starting to get hard to tell lmaoooo

likehelpful

Hi guys

Can anyone let me know what are perks of joining Nokia? Or if there's any? What can I expect?

helpful

Hi all - anyone have any insight into Shearman's Singapore office? Curious to know about reputation, culture etc. Thanks in advance!

like

One of my coworkers wasn't here yesterday. I just found out he had taken the day off without telling anyone, so I had to work an extra busy shift. Should I report him?

like

Can I use the mic on my phone for filming a project, or will it make a big difference to buy an external one?

like

I recently got married and we’ve been trying to have a baby for the past 3 months because we’re both eager to have kids. I feel like we’re not having sex (2or so a week) enough to catch the ovulation windows. We work a lot and sometimes we’re not in the mood for sex after a long day. I’m 27 and all I’ve ever wanted to be was a mom and now I feel like it’s starting to happen but I feel like work is getting in the way. Anyone else feel/felt this when trying or am I just overthinking it all?

like

Second time in two months I’ve had counsel on the other side (corporate) jump down my throat. Felt like classic partner browbeating (senior) associate (me). Eight years post-law school and I’ve never had people talk to me like this before. I know I did nothing wrong, but I just feel straight up incompetent. I hate this.

like

How do you ask for a signing bonus at a big four?

like

Hi All,

Looking for a referral into any of the MBB. I am in Deloitte India right now with 3 years of experience. Been working in the Consumer sector for a year especially in Food processing.
Please let me know if you can help with a referral

Thanks

like

All these virtual holiday events make it feel like were just being assigned to do more dishes.

likefunny

Does anyone have any recommendations for good side hustles for a full time physical therapist?

like

People with massive followings on tiktok categorizing themselves as actors on insta 🙄

funnylike

I am admitted to the full-time MBA program at Cornell, Goizueta, and Gtech Scheller.

I am planning to build a successful company. Any thoughts on which B school will be suitable to raise funds and make valuable connections?

👋🏾 Hello,
Help Please: @
HR Profesaional looking for a new role remote or hybrid Arlington (DFW), TX
Interest: Employee Relations, Recruiting, HR Manager etc.

Masters in HRM, SHRM-CP
7+ years HR
5+ years Management
5+ years Sales
5+ years Logistics/Transportation

like

It feels like customers treat me with a higher degree of disrespect because I have an accent, and that makes it hard for them to believe I understand what I'm saying

like

Anyone can share the review of Tech Mahindra. How is there danamon project for AWS cloud profile.

Additional Posts in Consulting

Moving my mouse ferociously so that Skype does not default to an "away" status while watching Netflix...Gotta love being "remote".

like

Which has the best downtown between Alpharetta, Marietta, Johns Creek, Milton?

like

My new firm is giving me a choice between PC or Mac. Work will be a lot of Excel, PPT, research, and video calls. Which should I get? I have two external monitors (Dell / Acer) but sounds like they would provide an extra monitor if I wanted.

like

Is it just me or do you feel more at peace on a plane now than anywhere else lol or is this just sad

like

Actual photo of me, the manager on this project

Post Photo
likesmartfunny

Is a part time mba to a top school worth it? Does it matter or not if you plan to move to industry in the future?

like

It’s my birthday! What do you all do to celebrate when you’re on the road? Want to mark it a bit more than the usual room service in a beige Sheraton Hotel...

like

if you give your 2 weeks can your employer fire you on the spot? if so, do you not get paid for those 2 weeks

like

What are the best consulting firms for strategy that are non-MBB? Not implementation and such

likesmart

As an advisory cyber strategy manager making $150k base, why I cannot find a career case justifying MBA cost?

like

Happy Independence day to all Indian and Pakistani friends. Those who don't know, Pakistan Independence day is on August 14th and Indian independence day is celebrated on August 15th.

likehelpful

Article in the HBR about research on mindfulness suggests meditation reduces motivation. “Mindfulness is demotivating "

likefunny

Any Deloitte fish here part of the Assets and Solutions Group? Good place to work?

like

Deloitte 🐠, Qq about the well-being subsidy- how exactly is it paid out? I entered a 60$ well being expense and on our paycheck last week it appeared as an extra line gross income “well being subsidy” for $60.00, but then also showed up under deductions as “well being subsidy” for $60.00, I tried to reconciled the amount but it seems like I actually didn’t get the money? Any insight here?

like

Who here is left handed? I get so happy when I meet another lefty like myself. Lol.

like

Who's in CDP on da bench? ☀️🌊

like

Chicago SPG people: Westin river north or Westin Michigan ave?

like

Alvarez & Marsal Alvarez & Marsal CPI bonuses this year….?Alvarez & Marsal

like

How often do H1-b transfers get rejected? Have an attractive offer from a big firm with a strong history of H1-b applications, but not sure if its worth the risk. Any inputs will be appreciated.

like