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ratings and compensation season

And here we go....
We're in that time of year when rumors are swirling about compensation increases and ratings. Some firms have already told their employees. Their friends at other firms hear the increases and then gossip with their peers. It then filters up and down the ranks. The speculation you hear is non-stop and is noise for the most part. I've heard ranges as low as 5% and as ridiculous as 25%. Gotta love the staff associates during these times. The funny thing is that the firms have lowered the bar so much last year than even a 5-8% raise for staff associates would make some of them happy. Have to give credit to the firms for successfully pulling off this heist.
Ratings are another big discussion point at the firm. It's funny how people sometimes try to glean information about ratings without being too direct. For the most part, you hear complaints about how people get shafted by the ratings committees. The primary complaint is that the reviews don't reflect the final ratings. This could be due to various reasons - lack of a cpa, 1 bad review that tends to stand out, etc. etc. Especially with trainings at this time of year. Boy, when you put a bunch of staff associates and seniors in rooms and they're not working, the chatter levels go up 2-3 notches. Then they realize soon and in the end, when it comes down to the $$, the ratings don't really matter. The $ variance between employees of different ratings is, no pun intended, immaterial.

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Comments

SamSeiko said…
Wow you're in Big4 eh? Although I'm not one of the big4 but I feel the same thing like you did during this season of compensation (salary increment) month... Everyone is asking around HOW ARE YOUR PERFORMANCE BEING RATED? No one can answer lolz...
July 22, 2010 at 4:08 PM
Kauditor said…
Dear officer,

I came accross your blog, and find your blog kinda interesting and truthfully a reflection of an auditor life.

I'm an auditor too, and glad to see that there's a blog around telling the world about an auditor's lifestyle. Keep it up.

By the way, I am maintaining a blog:
htt://myauditing.blogspot.com

Would you mind we do a exchange link that will be mutually beneficial? Kindly drop me an email at myauditing@gmail.com, if you're interested. See ya
July 31, 2010 at 10:02 AM
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