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Rising Star
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no specifics in the article but still... not a great look for us.
"Parental leave, annual PTO, a pension plan, and IVF funding have been reduced or cut for a group of employees who fall under the "Center" talent model, which broadly refers to employees in internal support roles, such as admin, IT support, and finance.
The changes are slated to come into effect on January 1, 2027, according to a document sent to the Center talent model in March."
It’s the delivery center models
Pro
We are seeing now what I have predicted for years: employee caste systems within companies. A lesser menu of benefits for the "employees determined to be of lesser importance". Didn't Deloitte just add 50,000 new jobs in India and lay off a bunch of others?
I started to see this many years ago in private equity. GPs had an entirely different (read: better) health insurance system from the others. But what we see here is the adding of a new layer of employees determined to also get lesser benefits.
Ah yes, the race to the bottom.
The NHS is a death sentence, look at how many billions in taxpayer money they pay out per year in malpractice settlements and how many woefully unqualified to outright murderous doctors they employ. It’s theatre to make it seem like there’s something for those who don’t get private insurance from their employer, when in reality it’s just killing people.
It isn’t a good look…supporting staff are the ones that take full advantage of the benefits that are given because they have the time. The client serving teams are too busy and overworked to take full advantage. Quite a few of us with spouses on the support staff and they actually get to use all lot of benefits and work normal hours.
Older, married, and female
Rising Star
Makes sense!
not to be that guy, but Deloitte doesn't have shareholders. it's a private company. same principles apply though.
Didn’t they announce this a few months ago?
Disgusting move, but not surprising. Several years ago, the partner group realized that the PPMD pension fund wasn't sustainable at the current benefits rates, so they changed the rules and benefit levels for newer partners and MDs. Then under the excuse of Covid, they started laying off MDs that were getting near their full qualification date. This happened to several of my friends, all top performers for years, so it was far from coincidence. Now they're going after the general employee pension fund. For the last few years, the annual pension funding notice has reported assets are lower than its liabilities (i.e., underfunded). They need to make up for this somehow, so now we're seeing the impact.
Is this for USDC or Specialists?
You mean second-class citizens? No one talks to you if you tell them you are from ES. All those useless sales people who call them client engagement partners just want to talk to the revenue generating side which they think are the ones who sell some BS product to the clients aka slideware backed by no substance.
Wagey wagey back in cagey