Which consulting firms have cut compensation or made adjustments due to coronavirus, US or abroad? I heard LEK but any others?

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

Summary for LEK US - mandatory 3 week unpaid leave for all employees, performance bonuses cut 50% for top performers and the percentage cut increases as performance lowers with “average / on track” employees receiving $0, early promotions cut down (even for some employees that were decided on getting promoted before covid, but decided to not enact given current state). Lastly, purely speculation here, but LEK 401k match comes out of profit share for the year, and the firm will most likely have 0% profit share this year so no 401k match for employees. Sharing this info to drive transparency in the industry and to share that you are not alone if you are experiencing similar changes.

likesmart

I work for a firm in an adjacent space with LEK and similar story - 30% pay cut for all employees except associates and 50% pay cut for MDs albeit our base salaries / bonuses also are10-15% higher than comparable B4 bases to begin with. Our pipeline froze immediately and pivoting from PE DD to distressed funds right now takes time and is very competitive so it’s been a hard hit over the last month.

like

Deloitte operates independently in each country. In the USA, we’ve made our promotion criteria harder (mainly to SM and to M). We’ve also essentially frozen experienced hire recruiting. Partners are reducing compensation.

Bonuses, raises, etc. are still in the air for staff - I expect them to be touched but it really comes down to how the next month shapes out.

like

Microsoft services- I was given 3 months paid more parental leave and my targets were reduced to make our q4 more attainable.

like

What about at BCG OP?

Yeah I definitely feel that. Plus very blurred lines between family life and work life making it that much harder to deliver great value

like

Related Posts

What is the max pay range for Principal Database administrator role for 10+ years experience in fidelity investments Bangalore location ?

like

Anyone ever gotten COVID before an exam? I just got it and I test Saturday. I called about it and they said to cancel it and I might get either a refund or extension. If anyone has had this happen did you get an extension? If so, how long was it?

like

I am done with my HR round. And said I am selected in Siemens, balewadi, but not yet received the offer letter. Its been a month now They are waiting for approvals. Any idea when will I get the offer letter.

Hey, I have around 4.5 yoe, curr CTC 14.2 LPA fixed, I got an offer from Optum Labs @ Grade 27, What would be ideal salary for my exp level and grade*. Location : BLR

like

Any help for Java backend interview with Optum?
Please suggest some interview questions i can prepare for Optum

like

What are the health benefits given by Verizon ? What is the floater sum insured for the family ??

Does Comcast match the offer if we have a better offer from another company? Has anyone tried it? Comcast

like

I was recently reached for my performance review and had some negative points which are actually irrelevant to my job description tho, but has affected my compensation negatively. Has this happened to anyone in Deloitte.

like

How many would move to ZS Hyd if there was one? :) PS. Just thought to understand what is the strength of interest. Nothing official about it :D

like

Hello friends,

How is stratacent as a company to join?

like

When salary will be credited and the time??

Hi fishes,

As i have recently joined EY GDS as Consultant, Can someone let me know of an estimated hike %age the company awards?

I know it depends on the service line and the individual, just wanted to know an average amount

like

How long does it take EY GDS to hire? I've applied for some positions (bcom fresher) on June last week. For 2 positions (Core AMS- Staff & GDS.SaT_VME_BVals_Analyst) it's showing "we'd like to progress you to the next step in our recruiting process" since July 1st. It's been 10 days, but no update/email/phone calls. Can somebody help?

like

Guys how’s the innovation associate client of health care domain in persistent?
For .netcore azure developer.

like

Hello Fishes I am working on SCCM/MECM (Infra) domain. I have cleared my technical round for IBM, so now I am waiting for the salary discussion call. I do have total 5 yoe. Current CTC : 6LPA Current Company : HCL So I would request you to please lemme know what amount or range of salary I should ask ?HCL Technologies IBM EXL Service

Hi fishes, Had discussion with TCS HR and he told he need to take approval for 21.5LPA as my current CTC is already on an higher level, My YOE is 7+ now , Will they offer me 21.5 lpa? Does the approval take place in TCS or just HR is ghosting me ?

like

It looks Verizon India is following Hybrid work model in 2022

Any idea about what would be the work model in 2023 HYBRID or WFO ?

like

Need insights about citi joining process. After 1 and half month recieved offer letter this Monday and I have accepted it on same day along with joining date. But till now they have not initiated BGV process. Will everything take this much time in citi !! How smooth is the joining process in citi?

What do you think about Retention Bonuses? Is it a good or a bad thing? Love to hear your thoughts on this.

like

In house insurance defense comp. What’s the highest paid and lowest paid companies? Which companies give bonuses? Please provide yoe and salary.

like

More Posts

Capgemini and Capgemini Engineering work location are same in Noida?

like

I’m prepping someone’s tax return who I see everyday on tv. It’s kind of cool being privy to a celebrity’s confidential financial information. 😁 I’ve also prepped a famous athlete and actor last week.

likeuplifting

Anyone looking for new opportunities with middle market firms after the 9/15 or 10/15 deadline? Message me if you are interested in BDO. Most tax positions are still fully remote or flexible. Busy season you average around 55 to 60 hours, rarely goes over 65.

likefunnyhelpful

Would anyone be able to share what comp is for B4 SM1 in audit in NYC?

like

What does it mean when your application goes from under consideration to application submitted with No HR screening.

like

Hello good fishes! I had informational exchange with the hiring manager. Now going for technical interview. The role is in Privacy and have not done much of coding in last 6 years. Any suggestions what I should study to get through? This is for a Principle position.

like

Hi
Which company should I join -
Infosys or Cognizant or Mobile Programming LLC?

like

Any other junior tax lawyers here feeling discouraged by how steep the learning curve is? 🥲 I started remotely too and training has not been the best…

like

Have a blessed Sunday!

Post Photo
like

Moving to Dubai to start with Kearney in November.

Considering buying an apartment instead of renting as my parents are in the Middle east and gives greater control over living costs (landlords seem difficult?).

Anyone here owning an apartment in Marina? As Australians we are keen to have shops, cafes, gyms in walkable distance…any other areas apart from Marina that can offer this?

Appreciate any guidance or insights.

like

Best recruiters out there for senior strategy roles in London?
Looking to talk to someone about my next step

like

מה שלום כולם בימים אלה?

like

Hello everyone, I'm trying to get into real estate investing. Some of the books I've read have talked about buying a multi unit property and utilizing investors to get the necessary capital. Does anyone have experience in getting investors? How do you identify investors who may be interested? Are there any sites where you can invest in or post investment opportunities?
Thank you in advance.

like

Bangalore m tip dedo kidhr milega ghar

like

Hi guys,

Any one who has been recently got selected in TCS and has access to ibegin portal.
Need your help.
I am not able to access the Ibegin portal from yesterday as its showing "Sorry we have too many users"
Need to accept the offer by today as its the last day

If anyone can help.🙏🏽

LnT Infotech is hiring Pan India for below roles:

Interested people can drop their email id's and Names with respective Job Id's .

Post Photo
like

American Express Hi Fishers, I'm working at FIS and my client is American express.We were not given a holiday on diwali nor on Guru purab.But people working in Amex were on leave.Why is it so?

IM LOOKING FOR JOB OPPORTUNITIES IN MECHANICAL ENGINEERING FIELD

ANYONE IN UAE
PLEASE REFER

like

Can anyone share the mapping of Deloitte levels to Proserve levels? I am a Senior Manager at Deloitte and recruiter just called me for a senior advisory consultant role but that feels like 2 levels back at least from a Deloitte perspective.

like

Does IQVIA release offer in the name of Foresight IT Solutions And Consulting India Private Limited?
Please confirm asap.

like

Additional Posts in Compensation in Consulting

Wondering what the comp is for SC’s & M’s at Canadian firms? All these American numbers are making me feel very underpaid...

likehelpful

Hi Sharks 🦈,

Need some suggestions: My current company is on a layoff spree and 2 rounds are already done and I can foresee another round coming very soon.

While I am trying to switch to other companies, I’m not able to reveal the real reason from my side for the job change, as if I say, it’s because of layoff fears than it’ll reduce my negotiation power.

What other reasons can I give as I’ve just completed 9 months here and it’s too soon for any other company to take me in.

likeuplifting

Ugh I just signed to fix my house’s mortgage interest rate at 2,73% for 2years. Instantly regret it.

like

Hello folks, any credit card suggestions with good benefits and cash-back? Please advise. TIA

like

Qualified Dividends: I’m expecting $650-$750 qualified dividend in 2021. Salary and base about $250 total. Questions: what tax rate will the qualified dividend be taxed at? The 15% or 20%? Also, since it’s technically a long term gain, do I have to pay an state and local on the income? Been reading for a bit and I can’t seem to find a clear answer. Thanks fishies!

like

Scrum Master with 3 YOE, 1yr in agile. Technical background. Secret clearance and working in Federal. Two in demand certs (SAFe SSM & SGP). Currently making 103.5k in DC. Realistically what is the highest I can negotiate for at competing firms?

like

I have an interview with Korn Ferry for an associate principal role and am curious about others’ experiences have been with work-life balance here. Also, I have an idea of what I should be compensated in this type of role, but any insights on how they pay compared to others would be helpful. Are you traveling during the pandemic or have client interactions been virtual? Lastly, if you are a consultant here, are you on billable hours? My current consulting role is not - so this would be new.

like

To keep it general across tier 1 consulting firms...what would be the typical pay band for a practitioner with ~6 years experience and a MBA

like

Can anyone tell me the salary range for a consulting associate at Huron? Strategy and operations. Huron.

like

AWS raises just came out and I got a 55% raise 🥵 thanks uncle Andy. Leave consulting, come to tech

likeuplifting

salary band for Accenture Management Consulting 2nd year Manager in Chicago (Tier 2)? Was offered $120k base. Thoughts?

like

EYP fish - Just received an offer as an experienced hire senior consultant for 160k. I didn’t get a sign on bonus despite asking for one. Is this in line with what everyone else is experiencing?

like

My Associate stint is ending next year, and I need to start thinking about my next move. What’s the right comp I should be targeting with 4 YoE (2 in VC, 2 in consulting), in unicorns vs PE vs CVC?

Current TC is roughly 175-300k (carry is complicated and variable) in MCOL.

like

What’s a good estimate of the base salary for a Deloitte Senior Manager in the Fed Cyber Risk space?

like

I have an interview for an AM position at a prop tech company. It’s my first AM role after doing sales. Is it common for AM’s to not receive any further compensation outside of their basic salary (so no commissions, bonuses or equity).

like

Not sure if this is the right place to post this but who do you all use for financial management/financial advisors? My stuff is getting a little complex with some real estate and retirement accounts.

like

Why do there seem to be so many comparison threads of achieving XX salary/net worth by age Y?, especially amongst younger people? Is this the fallout of social media and do you think it’s a generation-wide thing, or just contained to folks in “preftigious” circles?

like

Anyone know what TC is approximately for Bus Dev Manager role at DraftKings?

like

What’s your current billable rate and salary?

like

What are the wages like in Singapore for consultants and techies? I can parse this on Glassdoor/Payscale/Monster, but it’s not clear how country of origin affects pay, if at all.

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