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Anyone want to sell me their CFE books ?
Taking BEC tomorrow... any suggestions/ advice?
I hope my manager rotten in hell!!!!😡😡😡
Beyond ready for the holiday & PTO coming up soon🙌🏼
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For professional service firms, we plan on a certain amount of growth and a certain amount of turnover When those are not as planned, you slow down hiring or have layoffs.
Really, the economy and market are not that strong. Not a lot of IPOs and acquisitions/divestitures. Companies managing earnings and challenging what they spend
I was a casualty of the KPMG lay-offs in 2023. The reason given was not enough people left the company as they had budgeted for and had to let people go. They let go of people in my group who were fully chargeable for that upcoming tax busy season.
Unpopular opinion, but the best and brightest aren’t being let go - for the most part. Nor are the best and brightest the ones being truly replaced with offshoring.
Ultimately - and not a lot of folks want to hear it - it’s up to those that remain onshore (if you want to blame offshoring) to perform at a high level. Mediocre is not going to pass it anymore in an employers’ market.
This is BDO tax for sure. They're sending majority of the work to India to be cost efficient so some of the staff struggle finding work and have to reach out to other offices to get their billable hours. Managers give little support and career advisors is a joke.
Also have to deal with the politics in the office. If one of the "popular" managers don't like you then other managers will have that first impression. You need to be liked by the right people in your team to be safe...and get more work and experience in various projects. I've seen so many staff deal with drama like we're in high school...after 10 years working there, nothing has improved to make me proud to be at BDO.
The economy is NOT strong.
RSM1 — the problem is people saw the 2021/2022 job market either as young employees or in college and didn’t realize what a normal labor market looks like so they think something that’s more normal is a weak economy. So therefore anything that says otherwise is evidence of a coverup.
The actual story that statistics bear out is that no one is quitting and hiring because of economic uncertainty brought about by the administration. That doesn’t equal a bad economy overall. It just means the labor market is stable but stagnant, which isn’t the same as weak.
High interest rates makes borrowing more expensive for companies. This borrowing is used for growth so this would obviously limit it. No growth = no hiring
I agree with OP. Firms are being short sighted and foolish.
Recession indicator?
US anything (labor, products, etc.) costs more. Period. This is something some folks have a had time understanding as they seek to “move manufacturing here” ok…proceed. Let’s see how that goes.
I see most jobs are remote now because it is cheaper not to have a actual work location. I prefer to work on-site to preserve my work/life balance.
The economy being strong is what the media tells you. As a finance guy, the economy is not strong right now