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PA Bonus last year

 
#1 PA Bonus last year
26/01/2010 07:58

PA Bonus

Ladies and Gentlemen

would it seem likely that a Manager/Principle Consultant at PA would have achieved a bonus of around 15% last year? I am more than a little sceptical....

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#2 RE: PA Bonus last year
26/01/2010 08:12

Timmeeee to PA Bonus (#1)

In the practice formerly know at BOP (now called POE), a PC with a very high 2 or a low 3 would have got 15% (so would be a median performer or just above).

That 15% is quickly diluted by employers NI (taking it down to 13.5%) and the three years deferred element - taking it closer to 10%.

Pay rises last year (and this year) were nil.

Bonuses likely to be a LOT lower this year in many practices.

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#3 RE: PA Bonus last year
26/01/2010 23:45

PAer to Timmeeee (#2)

Any news on pay deals this year?

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#4 RE: PA Bonus last year
27/01/2010 05:38

Another person to PAer (#3)

Based on prior performance from PA, and the noise coming from the partner group, I would say its somewhere between nada and nil. (Could be zero at a pinch)

Don't forget that pay cuts were being mooted not so long ago. Now get back to work

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#5 RE: PA Bonus last year
27/01/2010 11:09

Mars a Day and ZB and Forum Fan to Another person (#4)

I am curious to know two things:

1. What is this obsession people have about discussing PA on here?

2. Does anyone really believe the posts people put up any more?

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#6 RE: PA Bonus last year
27/01/2010 13:38

Forum fan and PA to Mars a Day and ZB and Forum Fan (#5)

What is the fascination that some people have with slapping down PA threads. If you work in PA you would understand why we need to talk openly about the company. If you don't like these threads - then don't open them.

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#7 RE: PA Bonus last year
27/01/2010 15:01

Mars a Day and ZB and Forum Fan to Forum fan and PA (#6)

Forum fan and PA - if that was aimed at us you clearly need to get help with your reading and understanding skills. It wasn't slapping down any threads. None of us work for PA. Your comment about needing to talk openly ignores the fact that most of the posts are (apparently) inaccurate, clearly posted by people rejected by or managed out by PA. When someone in PA gives a positive view of the company the usual whingers wade in saying they must be management. I also suspect there are a number of competitors who take the opportunity to stick the boot in with other companies.

 

The irritating thing is the threads are the same dreary whinges time after time. There is nothing constructive put there. In response to the normal response that people wanting to join a company need a true picture of what the (any) company is like is totally devalued by the nature of the posts that appear.

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#8 RE: PA Bonus last year
28/01/2010 19:23

Snickers A Day to Mars a Day and ZB and Forum Fan (#7)

There an argument that says an organisation gets the level of debate that it earns

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#9 RE: PA Bonus last year
29/01/2010 13:44

Anon to Snickers A Day (#8)

Snickers a day - possibly. But the quality of the posts is a reflection on the type of professionals (really hurts typing that word on here) that frequent this forum.

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#10 RE: PA Bonus last year
29/01/2010 14:45

PA Bonus to Anon (#9)

Sorry people if I have inadvertantly kicked something off again about PA. I had a candidate using his existing package in the UK as the benchmark for negotiation on an overseas role. I expressed my surprise when he spoke about bonus and just wanted to see if what he said had any truth to it. No bigger on agenda on PA for you conspiracy theorists out there. It wasn't me....it was the one armed man.....

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#11 RE: PA Bonus last year
29/01/2010 16:34

Anon to PA Bonus (#10)

PA bonus - why weren't you up front about who you are and why you were asking in the first place?

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#12 RE: PA Bonus last year
30/01/2010 16:46

No axe to grid - some facts to Anon (#11)

last year there were almost no pay rises, but bonuses were paid. Bonuses depend on your individual performance, the level you are at, and where you sit in the firm.

Last year was surprisingly in line with previous areas from my understanding - i.e. 2=20%, 3=30%, 4=40% of base salary. All percentages are gross bonus so before employers taxes, NI, deferred bonus and share purchase schemes. All figures are approx too.

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#13 RE: PA Bonus last year
31/01/2010 05:21

Timmeee to No axe to grid - some facts (#12)

Varies massively by practice. The figures that no axe to grind has identified are from the Government practices, where they have lower bases and higher bonus. For others, such as the practice formerly known as BOP (now POE / Sourcing), you could expect a higher base and bonuses about half that level.

NB At PC level, the gross 15% figure translates into about 6% nett once both employers and employees taxes and a huge deferred element have been deducted.

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#14 RE: PA Bonus last year
31/01/2010 09:18

Grindstone to Timmeee (#13)

In the interests of providing a complete picture it is also important to note that for the last (2009) bonus round about 20% of the staff scored a "1" and did not receive any bonus.

Theoretically the "1" score would have put them in the "underperformer" category, although ordinarily that group would only account for 10% of the staff, and the size of the group was increased to 20% as a way of trying to force headcount reduction.

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#15 RE: PA Bonus last year
31/01/2010 11:07

anon to Grindstone (#14)

@ PA Bonus

Given the high number of 1s and 2s awarded in 2009, 15% bonus sounds a bit high for PC level in the current trading environment.

Why not ask the candidate to prove it? They should have a soft copy of their reward letter that they could show you.

It is likely that a future employer will ask to see evidence of current earnings, in any case. I know I had to show PA my latest payslips before I joined.

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#16 RE: PA Bonus last year
01/02/2010 21:45

Nigel to anon (#15)

If 20% of the workforce is under-performing on a '1' score surely that is also an inditement of the firm's management for recruiting such low calibre people isn't it? As a publicly declared ethical company I do not believe that PA would change the goalposts like this just to avoid redundancy, that can't be right, can it?

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#17 RE: PA Bonus last year
02/02/2010 07:35

anon to Nigel (#16)

Why not ask the candidate to prove it?

What is this, the X-factor or something? The recruiter is supposed to be brokering a mutually acceptable deal between employer and candidate, not asking 100 questions about the fine detail of his current remuneration so that he can lowball and offer 5% more than some abritrary existing remuneration point paid for doing a different job with a different employer.

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#18 RE: PA Bonus last year
05/02/2010 00:58

PAer to anon (#17)

Just been told that despite getting a 4 at year end and making MC that I need to be 'realistic when it comes to pay rises and bonuses'.

Great! Any similar stories?

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#19 RE: PA Bonus last year
05/02/2010 14:09

Anon to PAer (#18)

PAer - the year end process isn't finished yet so how could you possibly know that?

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#20 RE: PA Bonus last year
05/02/2010 15:23

Anon to PAer (#18)

PAer - the year end process isn't finished yet so how could you possibly know that?

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#21 RE: PA Bonus last year
06/02/2010 11:33

Another PAer to Anon (#20)

"Just been told that despite getting a 4 at year end and making MC that I need to be 'realistic when it comes to pay rises and bonuses'. "

I'd say we will see a lot of this. I'd imagine that, in order to quell the haemorrhage of good staff from PA, that more 3s and 4s will be doled out this year with little or no pay rise. The company will plead poverty, as it has done for the past few years while the partners continue to rake it in.

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#22 RE: PA Bonus last year
19/02/2010 20:38

PAer to Another PAer (#21)

So lots of 2s and 1s being handed out at the moment. Let's hope the partners are picking up their fair share.

Any more news on the likely bonuses?

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#23 RE: PA Bonus last year
20/02/2010 14:56

PAer to PAer (#22)

Don't hold your breath ! Rumour is that they are worse than last year

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#24 RE: PA Bonus last year
20/02/2010 18:35

But to PAer (#23)

Last years bonuses were a record high - it obvious they'd be lower this year

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#25 RE: PA Bonus last year
20/02/2010 18:55

Mr Burns to But (#24)

A record high last year?! Hee hee

Brace yourselves for a record low this year.

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#26 RE: PA Bonus last year
20/02/2010 23:49

Bored with PA people to Mr Burns (#25)

Do you idiots really not know we have just had a bit of a financial problem out here in the real world?

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#27 RE: PA Bonus last year
21/02/2010 18:12

ex-PA to Bored with PA people (#26)

But PA is not the real world - it is a UK public sector consultancy with no strategic direction or future

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#28 RE: PA Bonus last year
21/02/2010 20:00

PA through snd through to ex-PA (#27)

There is the "PA Way" and there is the, er.......well, nothing else in the entire universe. We are always right.

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