Compensation Watch ’21: Grant Thornton Is Dragging Its Feet On Announcing Mid-Year Raises
Last week after we got a tip on mid-year raises being imminent at BDO USA, I wanted to know what—if anything—was going down at Grant Thornton. It seems the Purple Rose of Chicago has been keeping mum about salary adjustments for employees, according to a few GTers who have posted on the usual online chatter sites.
You would think the seventh-largest accounting firm in the US, which saw revenue increase by 2.6% in FY 2021, would sock away a little extra money for employee appreciation. But so far radio silence from management, outside of mid-year raises were being considered, according to a tip we received last week:
There was an audit all-hands call a few weeks ago and the national audit leader said they were considering mid-year raises, but nothing official has been communicated at this point.
However, there might be some good news on the horizon:
There is a firm-wide call scheduled for December 17th, which I suspect will include an announcement of mid-year raises.
We hope so. If not, there likely will be a whole slew of Grant Thornton employees taking their talents elsewhere in 2022. And who could blame them?
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