Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

This is what EY did and it led to a mass exodus. The new charge out rates will artificially lower the margins and staff got squeezed.

Can explain how increasing charge-out rate lower margin? Audir fees will be higher, no?

Originally Posted by Unregistered

Can explain how increasing charge-out rate lower margin? Audir fees will be higher, no?

Audit fees higher? Dont make me laugh leh, client always choose cheapest quote

Originally Posted by Unregistered

This is what EY did and it led to a mass exodus. The new charge out rates will artificially lower the margins and staff got squeezed.

last time my engagement didn't book anyone to check the FS after the senior left so the manager taichi everything to me while i was on another engagement.

I think I helped the CB company saved a lot of money

Originally Posted by Unregistered

Actually is low audit fees (that are not in line of the increasing audit job scope, increasing size of business of recurring clients, actual manpower and time requirement, etc.) root cause for all the unhappiness?

PwC has increased the charge-out rates for most its employees from 1 Jan 2022 onwards. To what extent will that alleviate the current problems?

u mean pay rise?

Originally Posted by Unregistered

Hearsay blue increasing fresh grad pay this year, anyone can confirm this?

What is A1 now?

Originally Posted by Unregistered

What is A1 now?

3200 with bonus

Originally Posted by Unregistered

u mean pay rise?

Increase charge out rate dont mean shi t if clients continue to pressure for lower fees. And spineless big4 will just continue to undercut one another. this is a problem of their own making.

Originally Posted by Unregistered

3200 with bonus

Surely a second upper honors graduate can do better.

Unless you’re just second lower.

Originally Posted by Unregistered

Surely a second upper honors graduate can do better.

Unless you’re just second lower.

what about those ntu grads in mid-tier? kena lowballed like siao

Originally Posted by Unregistered

Can explain how increasing charge-out rate lower margin? Audir fees will be higher, no?

You mean just by internally increasing your charge out rates you expect all your clients to guai guai kowtow and increase fees for you? Hahahah.

You will find out top line doesn’t change, but margins keep getting lower and you can’t book the same number of hours for staffing but wait, why costs increase but our salaries didn’t hahaha.