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Q: Big4 - Yearly salary increment

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  #4681 (permalink)  
Old 05-01-2022, 10:06 AM
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So far, EY is work from home still. No news from upper management or comments yet. I wonder why they lease so much space if everyone WFH-> I guess this is the new way going forward

but efficiency of junior staff is lo

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  #4682 (permalink)  
Old 05-01-2022, 10:55 AM
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Can rename thread to yellow? Seems like most posts is about yellow

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  #4683 (permalink)  
Old 05-01-2022, 01:00 PM
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Can rename thread to yellow? Seems like most posts is about yellow
EY people either too free or the work culture really so horrible.

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  #4684 (permalink)  
Old 05-01-2022, 01:27 PM
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I am free in yellow. It seems on paper I had alot of work to do but reality is different. With WFH , I actually have less " impromptu" meetings to attend, only I myself truly know how much work I do , It is easy to make it seem like im doing more to my bosses.

Unlike working in office where people can see what im doing.
I am actually collecting money in my bank but going for exercises and lunch& dinner dates. I can even book afternoon spin class. Life is good
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  #4685 (permalink)  
Old 05-01-2022, 01:28 PM
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s://.acra.gov.sg/docs/default-source/default-document-library/public-accountants/audit-quality-indicators-disclosure-framework/aqi---industry-information-(dec-2021)44b7e3c301eb4e5f8060324d6033b90f.pdf

Attrition rates are off the charts, insane
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  #4686 (permalink)  
Old 05-01-2022, 01:31 PM
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s://.acra.gov.sg/docs/default-source/default-document-library/public-accountants/audit-quality-indicators-disclosure-framework/aqi---industry-information-(dec-2021)44b7e3c301eb4e5f8060324d6033b90f.pdf

Attrition rates are off the charts, insane

12month ending sep 2021

Big 4 attrition rate - 31% to 43%, Average 38%

Non big 4 - 31% to 103%(!), Average 62%
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  #4687 (permalink)  
Old 05-01-2022, 01:41 PM
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How do you end up with 103% sia

The whole firm quit and even one replacement guy quit!?!
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  #4688 (permalink)  
Old 05-01-2022, 01:42 PM
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Originally Posted by Unregistered View Post
I am free in yellow. It seems on paper I had alot of work to do but reality is different. With WFH , I actually have less " impromptu" meetings to attend, only I myself truly know how much work I do , It is easy to make it seem like im doing more to my bosses.

Unlike working in office where people can see what im doing.
I am actually collecting money in my bank but going for exercises and lunch& dinner dates. I can even book afternoon spin class. Life is good
======================

I spend most of the time delegating work
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  #4689 (permalink)  
Old 05-01-2022, 03:23 PM
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Quote:
Originally Posted by Unregistered View Post
s://.acra.gov.sg/docs/default-source/default-document-library/public-accountants/audit-quality-indicators-disclosure-framework/aqi---industry-information-(dec-2021)44b7e3c301eb4e5f8060324d6033b90f.pdf

Attrition rates are off the charts, insane
Why the ratio of partner to staff or the ratio manager to staff is lower in Sep 21 than Mar 21?

I assume it include new joiners in Sep, so Sep numbers should always be the best. Attrition too high until new joiners cannot even bump it up?
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  #4690 (permalink)  
Old 05-01-2022, 05:01 PM
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Quote:
Originally Posted by Unregistered View Post
I am free in yellow. It seems on paper I had alot of work to do but reality is different. With WFH , I actually have less " impromptu" meetings to attend, only I myself truly know how much work I do , It is easy to make it seem like im doing more to my bosses.

Unlike working in office where people can see what im doing.
I am actually collecting money in my bank but going for exercises and lunch& dinner dates. I can even book afternoon spin class. Life is good
Depends on your engagement

Those small non-listed entities are the best to audit. No strict timelines, workpapers are straightforward, can slowly do while bluffing others you are busy.

Those large MNCs are the worse to audit. $1million audit fee but audit team only got 4 people doing fieldwork. Many quarterly reporting deadlines and stupid meetings with client, partner. Also got ACRA inspection so everything must do nicely.
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