August 21, 2018

Bonus Watch ’14: EY Auditors Get a Pat on the Back

We're hearing a couple rumors that the audit practice is giving out free money, anyone else?

Some people are understandably skeptical (though obviously aren't familiar with the phrase don't look a gift horse in the mouth):

FYI EY leadership awarded all Assurance Staff through Senior Managers $500 in the 5/30 paycheck. Leadership has never issued an across-the-board "bonus" like this. They must be alarmed by how many people have been rushing the exits. Not that this will make any difference.

While others are stoked — STOKED, I tell you — at a free pittance:

Subject: EY Assurance – WE GETTIN PAID!

All of EY Americas Assurance staff through sr manager just received a $500 bonus payable 5/30!  Gross payment, of course, but it's nice to finally receive a higher net "thank you" than my senior manager once taxes are factored out.

Hey, nothing wrong with being treated to a nice dinner out (with drinks!) and a few XBox games for all your hard work.

Keep an eye on those paychecks, kids, and if you have bonus news to share with the class, you know where to find us.

Related articles

Rumor of the Day: Comp and Bonus Pools at Big 4 Seriously Depleted

We’re not trying to ruin your Friday but at the very least, this might encourage some of you to get your drink on a little earlier than planned.
Rumor received late last night that a Big 4 CEO was asked about compensation and bonuses at some grin n’ grip and he responded that the compensation adjustment and bonus pools for all the Big 4 firms was going to be down 90%.
This fits together nicely with the rumors of freezing and/or cutting pay that have been going around. Okay, now try to get some work done or figure out where you’ll be having that three martini lunch.

E&Y Appreciates the Little People

E&Y’s Dallas office sure appreciates their new associates because they’ll be the only ones getting pay raises this year. It’s either that or they want to the put them in the position for additional ridicule until the fresh batch of new associates comes on.
According to the tip we received, the announcement was made at the townhall meeting today and this is first office of any firm that we’ve heard of to make an official announcement to employees that pay was being frozen.
Those being promoted to a new level (e.g. SA to Manager) will receive bonuses but no details were given. We’ll update as we learn more.