Life of an auditor

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 th...

This is compensation meeting season....and apparently the markets are not that hot, so the raises are not that hot from what I've heard. But I heard a really good point from a manager that I wanted to put out there..."the staff get overpaid, senior get underpaids, but managers and above will always get overpaid."