In what must be among the most candid insider assessments the Firm Spy has yet received comes the following information from a Deloitte spy:
I am an employee of Deloitte … I have been actively involved in “counselling” out under-performers… We’ve had about 6 people leave our team in the last 6 months because of this. Partners will be giving themselves bonuses for FY 2009. Yes, that’s right! Despite all the gloom, pay freeze for us shit kickersand all the cost cutting to training and development, Partners will be getting bonuses. Depending on their performance, Partners will receive between 5% to 20% of their base pay as a bonus… Only people getting a promotion will receive a pay rise in July. Latest news is that the new base is about 15% less than what was paid to a similar person just 6 months ago. Well, I guess some-one needs to fund those bonuses.
don't be fooled by his good looks, Toadfish is a juvenile delinquent
If true, this information would put paid to the repeated Deloitte denials that the firm is ‘managing’ workers out of jobs. But more than that, if the claims about a ‘new base’ are true, new Deloitte workers (will only grads be affected?) will be the beneficiaries of the most draconian pay reduction yet witnessed among any of the Big4. However, more than anything else, if partners are using ‘double digit growth’ as a justification for the rumoured bonus notwithstanding that such a bonus will cost jobs, then the Firm Spy hopes there will be … Double Digit Deloitte Delinquents!
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