EY
3.6 of 5 4,121 reviews
www.ey.com London, United Kingdom 5000+ Employees

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1 person found this helpful  

A cog in the BCM audit wheel

FS Assurance (Current Employee)
London, England (UK)

ProsAn excellent place to bolster your CV

Exposure to wide range of clients/areas in Financial Services

Great networking abilities

ConsPoor remuneration: Payrise of 0% for majority of qualified staff through to Senior Management in 2013, Bonus scheme has not paid out since 2011. Highly rated staff received inflationary payrises, vast majority of other staff received 0%.

Expect 60+ (and even 70+) hour weeks for multiple weeks throughout 'busy season', but don't expect to be rewarded. These hours were common for the first 4-5 months of 2013. Refer back to poor remuneration point above.

Unacceptable reward in respect of workload demanded. Department believes it is paying market rates for salaries, however leavers are often getting at least 20% payrises leaving for similar level roles outside of the Big 4. Although it cannot afford to match financial institutions it is not offering nearly enough other benefits to compensate for the hours that the staff have to work. The resignation of a significant number or recent promotees is testament to this.

Huge staff turnover issues and understaffing - partner group has not listened to years of calls for more staff. Only a staffing crisis has forced recruitment.

Clients now appear to dictate fees (often fee decreases) even if workload is similar to the prior year. Partners are too worried about losing audit clients than making a case for maintaining fees/fee increases. Staff workload and pay have suffered as a result.

Promotions process is not transparent, and gives very little feedback as to areas for improvement, or strong achievements.

Advice to Senior ManagementListen to the Senior Management group with regards to: a) resourcing issues; b) remuneration. Short-termist decisions are badly affecting the mood and performance of the department. Trickle new staff members in as other staff leave - don't wait until there is a cavernous hole to fill.

Stop allowing a small number of panel members to run riot in your round-table process.

Offer more in the way of training - particularly focused on the sub-levels of the department (I.e. create IB specialists, Retail banking specialists etc.)

Stop focusing on only a small number of star individuals and forgetting about the wider department. If the rest of the department are demotivated and leaving, the stars will (and have) too.

Accept that you cannot run the department understaffed - you have saved money in the short term, but you will incur huge recruitment fees when existing staff leave and your managers will have the task of training up significant numbers of new teams.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Only work with less sleep, less pay and least social life.

    Executive Assistant (Current Employee)
    Bangalore (India)

    I have been working at EY full-time for more than a year


    Pros: Learning, Knowledge, Expericed persons on the job. Cons: Bad Worklife Balance and too much of politics. Advice to Senior Management: Do something to reduce the stress No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company… More
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Good work experience, bad people experience

    Staff Consultant (Former Employee)
    Vancouver, BC (Canada)

    I worked at EY full-time


    Pros: The company has global reach which can allow for training… Cons: the people at the office was unlike other offices, everyone worked as… Advice to Senior Management: Try to keep talented employees instead of having individuals leave… No, I would not recommend this company to a friend More
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