What was rumored in posts on the usual chatter sites yesterday turned out to be true this morning: PwC is handing out 5% adjustments in pay, or a “Timmy Stimmy” as one PwCer called it on Reddit, effective in January.

Unlike Deloitte, which gave mid-year comp adjustments to Green Dotters who they deemed had salaries that weren’t competitive in their market, PwC is apparently giving 5% raises across the board.

I checked in this morning with a senior manager at PwC to confirm the mid-year raise, and he/she responded, “It is true. 5% of course is better than 0% especially given where inflation is now and will likely continue trending up.”

Most PwCers on Reddit and Fishbowl seem pretty happy with the 5% mid-year raise, even if it’s below the current inflation rate, because of how generous PwC was with raises last June.

The ball’s in your court now, EY.

Related articles:

Compensation Watch ’21: How ’Bout Them Raises At PwC?

Compensation Watch ’21: Deloitte Puts Mid-Year Raises On the Table

The post Compensation Watch ’21: PwC Employees Are Getting a 5% Bump In Pay appeared first on Going Concern.

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