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As a new hire, I can tell you myself and at least one other are planning to leave our office in the fall. And I know of at least 3 others who are barely hanging on.
The drawback of work from home has been onboarding new hires and establishing a workplace culture that makes a sense of belonging. Without that turnover for new hires suffers. PA is already bad enough at retention.
It's honestly pretty difficult to gauge when I don't see people at the office
A2 here and we had a group chat set up for everyone in my hire class (Former Risk Assurance). Between the pay freezes, split between Assurance and Advisory, and admittedly heavy workload this past busy season it's been a ripple effect of people leaving. I think close to 1/3 of the group chat no longer works at the firm.
Sometimes I feel like a dope for sticking around but can't be arsed to do anything when I'm just working in my pajamas all day during a pandemic.
The only thing I’d say is that I get that. I’m an S1, so it wasn’t that long ago for me. A1 year is tough for everyone, and without any in person interaction I can imagine it’s much harder.
That being said, a year really isn’t that long, and it goes by pretty fast. I still think it’s worth it, but obviously do what’s best for you.
We’ve been seeing more A2s leave than A1s- no A1s have left my office. A1s here were actually brought on at a higher salary than experienced associates, which is a little sad because I don’t think the new hires really even work.
We’ve had one or two super star A1s, and the rest I’m 99% positive sit around and wiggle their mouse to stay green. This fall will be terrible. The new A1s will start, the old new hires will not have learned anything from this year, and seniors/managers that stay keep getting shit on
Except they technically were. Initially their base salary was set to be about 3K higher than the previous class to account for market adjustments, but when raises for non-promotes were frozen they reduced it to match the experienced associates.
Fast-forward, GT then gave them the 3K back as a “signing bonus”, which I bet is being included in their payroll each period as a deduction. Deloitte does something similar with their interns’ “signing bonuses” and just fronts them a portion of their salary prior to starting. Either way, it’s pennies but not exactly a great message from GT.
Could be different for your office, hence why I said “my office”.
I think it has to do with new hires struggling integrating while being 100% remote. I have a new staff that has expressed feeling like that can’t get help when they need it and not getting enough training.
Same here... tbh I think it effects my performance.
Yah I’m midsize I already have know new hires that are gonna leave after busy season Is over.
Problem with A2s leaving pre-senior. No such problem with A1s.
Not a problem. Yes, A1s leaving would be a big pipeline issue. It’s not a problem we’ve had at my office yet.
My office has been losing managers.
One of the guys I started with (in September) is leaving already.
I feel like WFH there’s less also less pros to balance out the cons
I left as an A2 last fall and it was the best thing I’ve ever done for my mental health. I could tell everything was hitting the fan, and based on my friends still at the firm, it’s getting even worse. The combination of no raises (coupled with the fact that I was making the same as people I was training), overworking since there are no home and work boundaries, and the reward of more work if you go above and beyond, makes it all just a hellish work environment. It about cost me my sanity.
For Bay area, our A2s are only making <2k more than our A1s. Given the mass exodus of seniors and managers this past year, many A2s I know have been leading audits, many of which are EGCs and IPOs. Don't know what HR is doing in regards to recruiting, but they need to do better to get us staffed. Every audit I know is short of people. I have a group of A2s that I hang out with and mostly everyone is only staying for their visa or until they're done with their CPAs.
I’m so glad I got my exams done before I started. I can’t imagine doing it now.
A2 who just put in their two weeks and is feeling relieved af
Agree, 5 of us started within the same market in 2019. I was the last one to leave in March 21. Average tenure 1.5 years, as PwC1 said no pay raises, tons of work and no development opportunities
EY West may or may not have a chat with a lot of new hires in it (couple hundred). I occasionally scroll through and have seen multiple "status unknown" which indicates they left. Not a substantial amount, but definitely noticable. Also, I know personally a lot of staff 2s quit before senior combined with high FY20 attrition has led to staff 1s (myself included) taking on substantial amounts of work we arent trained for. WFH and understaffing to the point I'm the only staff on 2 large publics, has me considering quitting in fall (after CPA exp).
There is an attrition problem with new hires specifically? That’s def. bad if there’s a chunk of ppl leaving before even making senior. Have heard of the issues on normal attrition but not as the first year level.
Some offices have had 2-3, some as many as half a dozen, all in the middle of busy season too. I don’t know that I’d say it’s a problem with new hires specifically since firms are bleeding people all over the place, but it seems worrying.
Wow. All these people moving and yet I can’t find an A2 position. Looking to move to a different city.