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Big 4 accounting firms performance bonus

  • 14-07-2013 12:25pm
    #1
    Munitions
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi all, how much would an auditor in a senior level position (say 4-5yrs experience) at PWC, KPMG, EY, Deloitte be earning for their performance bonus? am trying to get a feel of the market rate before accepting a job offer. Thanks ahead!


Comments

  • #2
    Da GOAT
    Registered Users, Registered Users 2 Posts: 453 ✭✭Da GOAT


    why would they give non managers performance bonuses, i think your answer is nil.


  • #3
    Munitions
    Registered Users, Registered Users 2 Posts: 2 ✭Munitions


    Da GOAT wrote: »
    why would they give non managers performance bonuses, i think your answer is nil.

    Why wouldn't they give bonuses to non-managers?


  • #4
    Legwinski
    Registered Users, Registered Users 2 Posts: 799 ✭✭✭Legwinski


    Da GOAT wrote: »
    why would they give non managers performance bonuses, i think your answer is nil.

    I've heard of first year trainees getting performance bonuses in Deloitte


  • #5
    Da GOAT
    Registered Users, Registered Users 2 Posts: 453 ✭✭Da GOAT


    Aha Shake wrote: »
    I've heard of first year trainees getting performance bonuses in Deloitte


    Ok I see what you mean, i was thinking more along the lines of profit sharing type performance bonus

    Generally during your contract you will be graded a rating for your years work/effort. lets say a rating of 3/5 is standard, a 4/5 rsated person gets a little bit more. As far as I know its not big/significant money.


  • #6
    blackwhite
    Registered Users, Registered Users 2 Posts: 9,175 ✭✭✭blackwhite


    Aha Shake wrote: »
    I've heard of first year trainees getting performance bonuses in Deloitte

    They possibly meant that they got a bonus for passing exams - the big 4 do not pay "performance bonuses" to staff below manager grade.


    Some of the firms operate "above and beyond" type schemes where you might get a one4all voucher or similar for a particularly exceptional performance, but there are minimal enough awards (think EYs was €250 max; PwC give three/four per year to teams - the award usually being a generous budget for a dinner out for the team).


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  • #7
    Legwinski
    Registered Users, Registered Users 2 Posts: 799 ✭✭✭Legwinski


    blackwhite wrote: »
    They possibly meant that they got a bonus for passing exams - the big 4 do not pay "performance bonuses" to staff below manager grade.


    Some of the firms operate "above and beyond" type schemes where you might get a one4all voucher or similar for a particularly exceptional performance, but there are minimal enough awards (think EYs was €250 max; PwC give three/four per year to teams - the award usually being a generous budget for a dinner out for the team).

    This was definitely on top of the passing the exam bonus but may have been for exceptional performance.


  • #8
    T L
    Registered Users, Registered Users 2 Posts: 84 ✭✭T L


    blackwhite wrote: »
    They possibly meant that they got a bonus for passing exams - the big 4 do not pay "performance bonuses" to staff below manager grade.

    That is not correct for all of the big 4.


  • #9
    20 Times 20 Times
    Registered Users, Registered Users 2 Posts: 6,220 ✭✭✭20 Times 20 Times


    T L wrote: »
    That is not correct for all of the big 4.

    it is where i am


  • #10
    LightningBolt
    Registered Users, Registered Users 2 Posts: 1,639 ✭✭✭LightningBolt


    Little Pea wrote: »
    it is where i am

    Christmas bonus or a performance bonus? Can you be specific? Getting an extra €1000-€2000 in salary over the course of a year wouldn't be counted as a performance bonus.


  • #11
    T L
    Registered Users, Registered Users 2 Posts: 84 ✭✭T L


    LightningBolt wrote: »
    Christmas bonus or a performance bonus? Can you be specific? Getting an extra €1000-€2000 in salary over the course of a year wouldn't be counted as a performance bonus.

    Why not?


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  • #12
    blackwhite
    Registered Users, Registered Users 2 Posts: 9,175 ✭✭✭blackwhite


    Aha Shake wrote: »
    This was definitely on top of the passing the exam bonus but may have been for exceptional performance.
    T L wrote: »
    That is not correct for all of the big 4.

    There are different pay grades for people on different ratings - but I have yet to come across a member of staff below management grade who received an annual bonuses based on performance.


  • #13
    blackwhite
    Registered Users, Registered Users 2 Posts: 9,175 ✭✭✭blackwhite


    T L wrote: »
    Why not?

    A bonus is a lump sum paid out every now and again (usually annually or semi-annually).
    Being on a different pay scale means you are getting a different salary.

    Please tell me that you know what the difference between salary and bonus is?


  • #14
    T L
    Registered Users, Registered Users 2 Posts: 84 ✭✭T L


    Sorry for the misunderstanding. I consider the difference between a higher salary due to high performance and a once off bonus payment due to high performance to be pretty negligible. I am aware of the former in the big 4 for grades under manager, not the latter.


  • #15
    ari101
    Registered Users, Registered Users 2 Posts: 2,835 ✭✭✭ari101


    Exam passing bonuses (taxable and one off non-taxable), retention bonuses to stay to a certain date, exam prize bonuses and slightly varying levels of annual pay increases based on performance grades inexcess of average (500-2000 difference for exceptional vs average grading) are the only salary items beyond standard pay I have come across in my time for below manager level. No strict performance one off bonuses which not exam related - however this may not be true of all...


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