Comp Watch ’11: Bellyaching By McGladrey Employees Seems to Have Paid Off

[caption id="attachment_40127" align="alignright" width="150" caption="Photo credit*"][/caption]

Residents of the blue and green arches got news of their raises (or lack thereof) back in July and the results were mixed. Some we’re pretty happy while others could barely afford to celebrate with their own punch and cake party.

One way or another, the sound of the incessant bitching reached someone of importance in the Great Lakes Region because a tipster passed along the following:

Intended Audience: External Client Service Associates through Directors

You said it – and we listened. During this past performance review our leaders delivered what they thought was a ‘good news’ message about your October 1st salary increase. “The market is flat, business is below plan, your performance is great, and this is really a good increase – all things considered.” And yet, many of you still felt that your hard work and long hours and extra effort was not being recognized.

Now it’s time for us to step up and do what is right – for you! YES – You’re important to us and important to our success. You work hard all year and pull out all of the stops during the ‘busy seasons.’ Interesting phrase, “busy seasons” – we are always busy, and then there are those times when we feel we have delivered more than we even thought we could deliver. To recognize this and thank you for your hard work and commitment to our clients, effective October 16th [Yes, this was three days ago], you will be receiving a base salary increase! These raises are in ADDITION to any October 1st increases which were communicated during the most recent annual review cycle and will show up in your October 31st paycheck. The increases were determined by level and applied consistently across lines of business and geography. Anyone hired on or after May 1, 2011 are at market so no salary adjustment will be made.

There was a great deal of thought that went into the decisions that were made to continue to move salaries in the right direction. We looked at the market and considered how quickly it has moved, we revisited our competitors’ compensation data, compared this to what you are earning and what you could earn in comparable jobs at other accounting firms, and then made a decision to make adjustments so it is even more competitive than before.

You deserve this – and we’re glad you shared your thoughts with us so we could make some changes.

The Great Lakes Management Team

Well, this sets a very dangerous precedent, doesn’t it? Any year too many Mickey G’s employees find themselves slightly dissatisfied with their raises, they’ll simply piss and moan until someone at the adult table gets annoyed enough?

The questions now are 1) What the second raise will be? 2) Will that will satisfy the masses? 3) Would handing out autographed posters of McGladrey-sponsored golfers have solved this whole problem?

Your reactions are welcome below.

*Dustin Bradford.

Residents of the blue and green arches got news of their raises (or lack thereof) back in July and the results were mixed. Some we're pretty happy while others could barely afford to celebrate with their own punch and cake party. One way or another, the sound of the incessant bitching reached someone of importance in the Great Lakes Region because a tipster passed along the following:

Intended Audience: External Client Service Associates through Directors You said it – and we listened. During this past performance review our leaders delivered what they thought was a ‘good news’ message about your October 1st salary increase. “The market is flat, business is below plan, your performance is great, and this is really a good increase – all things considered.” And yet, many of you still felt that your hard work and long hours and extra effort was not being recognized.

Now it’s time for us to step up and do what is right – for you! YES – You’re important to us and important to our success. You work hard all year and pull out all of the stops during the ‘busy seasons.’ Interesting phrase, “busy seasons” – we are always busy, and then there are those times when we feel we have delivered more than we even thought we could deliver. To recognize this and thank you for your hard work and commitment to our clients, effective October 16th [Yes, this was three days ago], you will be receiving a base salary increase! These raises are in ADDITION to any October 1st increases which were communicated during the most recent annual review cycle and will show up in your October 31st paycheck. The increases were determined by level and applied consistently across lines of business and geography. Anyone hired on or after May 1, 2011 are at market so no salary adjustment will be made. There was a great deal of thought that went into the decisions that were made to continue to move salaries in the right direction. We looked at the market and considered how quickly it has moved, we revisited our competitors’ compensation data, compared this to what you are earning and what you could earn in comparable jobs at other accounting firms, and then made a decision to make adjustments so it is even more competitive than before. You deserve this – and we’re glad you shared your thoughts with us so we could make some changes. The Great Lakes Management Team

Well, this sets a very dangerous precedent, doesn't it? Any year too many Mickey G's employees find themselves slightly dissatisfied with their raises, they'll simply piss and moan until someone at the adult table gets annoyed enough? The questions now are 1) What the second raise will be? 2) Will that will satisfy the masses? 3) Would handing out autographed posters of McGladrey-sponsored golfers have solved this whole problem? Your reactions are welcome below. *Dustin Bradford.

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Compensation Watch ’19: Partners Are Down with IPP

I got an email the other day about the latest Rosenberg MAP Survey being available for purchase, and because I don’t have an extra $500 laying around (and neither do The Powers That Be at Accountingfly), I went looking for highlights from this year’s survey instead. And I stumbled upon some updated info about income […]

UPDATED: How Are Public Accounting Salaries Stacking Up for 2020?

By now you guys and gals in public accounting have most likely had compensation discussions with your respective firms. We assume that some of you were pleased with the outcome. But it’s probably more realistic to say that a majority of you were somewhat or extremely disappointed. While they might not have the most up-to-date […]