From the mailbag:
When are you going to start a compensation discussion for EY?
Let me explain how this works - Adrienne and I are not mind readers. We cannot see you maniacally wringing your hands waiting for something to hit the wire so you have a place to bitch when you find out how much better life is in the Chicago office. Also! We don't camp outside the E&Y offices and immediately accost every dejected-looking professional in business casual (because that more or less describes every E&Y employee) to find out how their performance review went and if they're happy with the raise and bonus they received. You have to email us, perferably with details or rampant, yet reasonable, speculation, about what will be handed down for audit, tax, advisory, groups and your office, level within the firm, etc. That will help set things up a little better than a plea for a thread that will undoubtedly turn into a debate over which side of the Mississippi KPMG falls on.
Now, then. Back in May we heard of rumors of top performers receiving ~20% raises. At that time, we asked Turley's Troops to keep us informed with rumors as the fiscal year came to a close, but we've heard exactly nothing since then. Over the years, it has become obvious that insiders at E&Y are a little more tight-lipped, but seriously. This is money we're talking about here. If emailing us a few details makes you nervous or you feel loyal to Jimbo and Steve or the manager who has verbally abused you into Stockholm syndrome, and that causes you to hold out on us, then we'll simply go back to digging up facts on Jim Turley after he's verbally accosted by washed-up 80s action stars. It's your choice.
Okay, so if there have been significant developments inside Ernst & Young for compensation season, you may discuss here and now. Enjoy.