Comp Discussions

Comp Watch ’11: Sit-downs at PwC Starting This Week

From the mailbag:

Any rumors on PwC comp going around yet? Partner discussions are supposed to start this week and go through next.

After all the discussion around PwC’s new compensation structure one may have thought that was enough to keep people talking for months. Fortunately, plenty of mini-BoMos out there are anxious about this year’s compensation adjustment and since the fiscal year ends next Thursday, it’s not a wonder. Sooo, if you’ve been (un)fortunate enough to have your little money chat let everyone know how it went. Don’t spare the details: office, level, practice, etc.

KPMG Comp Discussions: Mid-Atlantic Says ‘No topic is off-limits’ and Possible Cuts in the Midwest

We’ve heard of at least one instance in the Detroit office where a manager’s pay was cut approximately 4%. At this time, it’s not clear if it will affect the entire Midwest region or just the Detriot office, so let us know the details for your office, regardless of location.
Meanwhile in the Mid-Atlantic, we received the text of an email that states that “no topic is off limits” in the comp discussion, which will hopefully invite some colorful discussion. If any other regions have a similar communiqu&eacute, kindly pass it along. We love reading emails. The text of the email that lists things that you should be prepared to discuss, appears after the jump.

During the week of October 4, our Midatlantic area Audit partners will be conducting Project Future discussions to address your individual compensation as well as personal and professional growth opportunities at KPMG. Project Future is an initiative that allows you to discuss various topics with firm leadership.
While the current state of the economy is on everyone’s mind, I encourage you to take this opportunity to share your experiences, interests, and short- and long-term career goals. You should also use this time to discuss the firm’s plan for growth, including new client opportunities and recent wins.
Remember, no topic is off-limits during the Project Future meetings, so bring your list of items to discuss. Here are a few items you should be prepared to talk about:
• Compensation
• Future engagement assignments, including your utilization, chargeability, and overtime hours
• Industry and career interests
• Your experience working for KPMG
• Personal and professional growth
• Tips on how to build a great career at KPMG
• Sabbatical program
• Promotion outlook
During the week of October 4, your assigned Project Future partner will contact you to schedule a convenient time to meet. If you don’t hear from your partner, please contact your local HR manager.
This is the fourth year we have conducted Project Future discussions, and I hope you continue to find value in meeting with your partners.
Thank you.

If you’re more comfortable discussing the points above here, please do so in the comments. And if you’ve got other suggestions of what you’d like to discuss, or care to expand on “Project Future” mention them as well and of course, share your euphoria or lack thereof with us after your sit-down.