Employer Y Offers $10,000 Bonus to U.S. College Grads Delaying Initial Employment
Title: EY Postpones University Graduate Start Dates in the USA, Offers Bonuses – A Fresh Look
Hey there! So, it seems that EY Parthenon, the strategy and deal advisory unit of Ernst & Young (EY), is delaying the start dates of graduates in the United States from fall/winter 2025 to at least March 2026. The company also offers a $10,000 bonus for those who opt for a start date in fall 2026. Now, that's a twist, isn't it?
According to sources, the initial start dates were scheduled for fall/winter 2025, but due to uncertain market conditions, they've been pushed back. The new start date is flexible and depends on the development of the situation. If graduates prefer to stick with their cohort, they can start in March 2026 at the earliest.
However, EY isn't just tidying up schedules; they're sweetening the deal for latecomers. If you can wait until fall 2026, they'll chuck in a cool $10K. If neither option suits you, you can bail on the employment contract, keeping your original welcome bonus intact.
This isn't a new move for EY or its Big Four counterparts like PwC and Deloitte. As per reports, they've been shuffling grad start dates for the third year running in the USA due to economic uncertainty. Interestingly, EY is the only Big Four company still sticking to this practice in 2022.
EY confirmed that only a small number of new hires are affected by this change, and they're keeping the lines of communication open with them. The main goal? To deliver a top-notch professional development experience at the outset.
Now, you might wonder, is this a thing in Germany? Fear not! EY Parthenon Germany isn't following suit, according to their spokesperson.
Interestingly, labor law expert Pascal Croset points out that in theory, similar moves could happen in Germany. Even if contracts have been signed, companies can terminate employment before it begins, though many contracts include exemptions for this step. If a company decides to pull the plug on the first day of work during the probation period, they'd need to give a two-week notice.
So, there you have it! While the reasons behind EY's decision aren't clearly stated, factors like economic conditions, resource optimization, strategic reorganization, and incentives might be at play. Regardless, it's an intriguing move from a global consulting giant. What do you think about this shift in recruitment practices? Please share your thoughts!
- In light of the postponed start dates for university graduates at EY Parthenon, individuals pursuing finance careers or seeking business-related opportunities might find the offer of a $10,000 bonus for a fall 2026 start date appealing.
- As businesses strive to adapt to uncertain market conditions, careers in finance and business may witness more flexibility in recruitment practices, such as delayed start dates and incentives, much like the adjustments currently seen at EY.
