A partner told me that raises for top performers will be in the 20% ballpark. Don't know if this is true. It was from a very Senior Partner in an Upper Midwest (not Chicago) office. He could just be talking.
This is a Senior Associate 2 in the audit practice who has simply had enough of the glitz and glamour of the Big 4. As far as this 20% business, that would be a pretty handsome number for the audit practice, but when we initially sized things up last month, we speculated that E&Y would pay the top performers well and this seems to be the first sign that they are setting a pretty high bar. Discuss and email us with any other numbers you're hearing partners throw around.
Relatively ominous link on our internal homepage saying “get ready” “the next level is coming” as of 6.6.11.
We’ve confirmed this “next level” with several people and also that there is a video that Klynveldians are watching. We’d really like to see some screen shots of this, just to get some context. In the meantime, we encourage you to speculate about this “next level” and why you have to “get ready.” I’ll kick things off:
A) Tim Flynn’s retirement party is going to be epic.
B) Omaha Steaks announces a special “KPMG Package” that will drive the other, non-meaty firms crazy.
C) KPMG seeks revenge on PwC with their own competitive poaching efforts by offering the head of the mailroom at 300 Madison a 10% raise and a Phil Mickelson autographed hat.
D) Your ideas.
UPDATE:
Supposedly, this is the transcript to the video (still no screen shots, it’s called “Print Screen” people!). Our tipster wrote, “Interesting video that gives very little hint to what the ‘Next Level’ is other than lots of talk of a ‘high-performance’ culture. Maybe it has something to do with changing performance review structure a la PwC. The video definitely gives an ominous feeling as if the KPMGers in it are running out of time and people aren’t adapting to the changing market fast enough for their liking. All in all pretty strange vibes.”
Welcome to the Next Level – Video Transcript
[VARIOUS VOICES DELIVERING SHORT PHRASES]:
The market’s changed…
In order to compete in today’s world we have to keep up with change…
It’s a mindset… It’s a way of behaving…
It’s about a continuous journey…
Our ambition is greater than where we are today…
The attitude is contagious…
We’re not satisfied…
It’s really about taking it to that next level.
Keep us updated.
UPDATE 2:
Another tipster hears that it has something to do with the-next-level.com but “[I] don’t really know what they plan to do with it.” Poking around the site, it appears that it would be related to “Developing the Next Wave of Senior Leaders” but I’ve checked out for the week and don’t have the will to dig further right now.
UPDATE 3:
Well, the video finally made it’s way into my inbox and I’ve posted it on the next page for your viewing pleasure (I realize Klynveldians have seen it already).
After watching it a number of times I still can’t make heads or tails about what the “next level” will be but hopefully it’s does just to this movie trailer-esque video.
