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PA Pay review??

 
forum comment
#0 PA Pay review??
 
Anon
30.01.11 00:00
 
Has anyone any idea what the payrises will be like in April? Am positive that we were told that there will be a pay review of most grades? I can't see how PA can afford to do this either.
 
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forum comment
#0 RE: PA Pay review??
 
are you serious
31.01.11 00:00
 
Ha ha ha ha ha. Best joke I've heard in ages.
 
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forum comment
#0 RE: RE: PA Pay review??
 
George Osbourne
31.01.11 00:00
 
There is no need for PA to follow up on its promises to staff - given the state of the economy and the broader job market - so it quite obviously won't. As an organisation it will always put the financial interests of its Partners far ahead of its staff despite having stated a "motivational" intention to look after its people.
 
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forum comment
#0 RE: RE: RE: PA Pay review??
 
Barny Rubble
31.01.11 00:00
 
Couldnt agree more. PA has said they are looking to increase base salaries and reduce bonues.My concern is that PA this year will give a nominal increase and then reduce bonuses, whereas the reduced bonus should only apply from next year. If that makes sense. I certainly dont trust the management. Redundancies all over the place with low bonuses expected, no pay rises for years and still the fat cats at the top with all the shares make a killing as the share price continues to increase dramatically. Seems pretty clear whose interests they have at heart...
 
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forum comment
#0 RE: RE: RE: RE: PA Pay review??
 
interested
31.01.11 00:00
 
Why is the share price increasing? An increase in the total value of the company (but a constant share volume), or is share volume reducing due to lapsing of shares (but not great growth in the company value)
 
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forum comment
#0 RE: RE: RE: RE: RE: PA Pay review??
 
anon
31.01.11 00:00
 
Yes, at the same time the theoretical public value of the company must be tumbling (if anyone were foolish enough to buy it) the internal share price will keep rising as it's valued on a net asset value basis. So any profit left over after bonuses are paid will increase the net assets of the company. So it's rising for the first reason you give.From a briefing I had from someone in Corporate, it's also rising for the second reason you give, plus the effect over time of the rising share price - as the price rises, they issue fewer and fewer shares as part of the bonus awards, and more and more shares come back as people retiring or leaving sell their shares back to the company. This is why the shares are golddust to anyone with a large number of them - i.e. the top few in charge.The upshot of this is the pay award thing will be an inevitable shafting - risible increases if any, at the same time more of the bonus pool swiped to try and reward partners, most of whom are not big shareholders and now (relatively speaking) never will be. So we will suffer in the downturn, and not see the due reward from any recovery.Don't expect this to change - would you change the system if you were a big shareholder given the above?Abandon this sinking ship...
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: PA Pay review??
 
Get a grip
01.02.11 00:00
 
Oh come on! Why do PA people think they are anything special when it comes to pay rises and bonuses? Do you read the news? Millions of workers won't be getting pay rises or bonuses - they'll be happy with a job. Quit moaning - and if you don't like where you are and you're really that special go and get another job somewhere else.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Barny Rubble
01.02.11 00:00
 
Get a grip,People at PA arent complaining about not getting bonuses and pay rises. People are complaining that the upper management are still getting significant returns through the vast amount of shares they hold in the company (its estimated that 97% of the company is owned by 3%), while they stiff the rest of the company. Even through the downturn, PA has remained profitable, the problem however is that all this profit has been syphoned off by the senior partners though an increase in their share price, while the worker ants at the bottom fail to see any pay rises or bonuses. Even through the redundancy period where PA was laying of hundreds of staff, the share price still was increasing to reward the fat cats. Fair enough to not get a payrise or bonus if thats reflected across the company, but not fair to get the upper management screwing everyone else. One big pyramid scheme if you ask me.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Get a grip
01.02.11 00:00
 
Hi Barney,Its so unfair...From Wikipedia: 1 % of the world population own 40 % of the global assets. The richest 2 % of the world population own more than 51 % of the global assets, the richest 10 % own 85 % of the global assets.Looks like PA mirrors the rest of the world...Fortunately, I'm sure the staff at PA are educated enough to recognise the inequality of their specific situation and skilled enough to change their situation if they don't like it.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Wilma
01.02.11 00:00
 
What's staggering is seeing PA send its stooges on to these forums to divert attention away from its bad behaviour by spreading the "life isn't fair... get over it..." message, while at the same time the organisation insists to its employees - and worse still to its potential new recruits - that it is a good employer. The deceit is quite breathtaking.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Get a grip
01.02.11 00:00
 
Hi WilmaNot a stooge. Never worked at PA. Never will. Just someone who is tired of reading about how bad PA is and folks like you bleating on about it. I need to employ one of my own lessons and do something about it rather than complaining on here. Good bye.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
anon
02.02.11 00:00
 
I see that PA are recruiting again at senior levels. Who would want to join a sinking ship?
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Really do get a grip
10.02.11 00:00
 
Wilma - why does someone have to be in PA just because they state the obvious. If you don't like somewhere for whatever reason, go somewhere else. That should be clear even to people like you.Interesting that the PA ship has been sinking for the last couple of years but hasn't got round to being sunk and it keeps making profit and people keep joining.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Anon
10.02.11 00:00
 
Why do you bother replying to threads in which you purport to have no interest - you're either a troll or, far more likely, a stooge. Because we all know PA spends time posting to these threads in the normal damage limitation effort as opposed to actually taking notice of these issues and attempting to address them.Come on, do you think PA's selection criteria deliberately targets whingers and complainers who would rather sit and bemoan their lot on here than do something about it?Or could it just be that the company's management style really is that bad?Suggest you get a life. We have a grip on the issues, senior mgt does not.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Big fan of PA people shooting each other
10.02.11 00:00
 
Look, can we all just agree on the following…People who post on PA threads are either genuine PA consultants (low quality, can’t get a job elsewhere)ORCompany stooges (low quality, can’t get a job elsewhere)Whether you hate PA and want to leave, or you love it and defend it (of your own accord or at managements direction) is immaterial - low quality, can't get a job elsewhere.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
POE bear
11.02.11 00:00
 
With utilisation at 50%, and constant squabbling between the ex-BOP and ex-POC camps, I'm not holding my breathe
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
Anon
11.02.11 00:00
 
There is another category - people who were admittedlly silly enough to go there in the first place but who are high quality and got out and want to warn others not to make the same mistake. Funny thing is I am now on the hiring side for consulting firms and have never touched PA.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
we'll see
17.02.11 00:00
 
"Even through the downturn, PA has remained profitable, the problem however is that all this profit has been syphoned off by the senior partners though an increase in their share price, while the worker ants at the bottom fail to see any pay rises or bonuses."You haven't grasped how the share price works. It's the same as it's been for a long time, as is the way bonus is distributed. It's a formula, not a discretionary allowance.+1 for the little or no increase brigade despite a written promise to give everyone with a 2 or above a rise.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
I know
17.02.11 00:00
 
It's not just a formula. It's highly judgmental.
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
anon
20.02.11 00:00
 
"It's a formula, not a discretionary allowance. "Complete twaddle.The bonus figure is based on an entirely arbitrary rating, which the employee cannot challenge. Because factors like utlilization are added in, it makes it look more open but that's all just part of the smoke and mirrors that PA sells to its staff.A nice low bonus (before employer taxes and deferred elements are knocked off) is motivational - don't you know.Be happy you have a job, you grunt
 
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forum comment
#0 RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: PA Pay review??
 
So glad I got out
05.03.11 00:00
 
"The bonus figure is based on an entirely arbitrary rating, which the employee cannot challenge"Absolutely true, and worse than that it is utterly galling to see those who continually scratch the right backs get a nice easy time, with bonuses, long term assignments fed to them and promotions regardless of capability.An utterly execrable environment, and I am glad to say that the fresh air once you leave it behind is just wonderful....
 
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