London | For many years, to become partner for one of the Big Four accountancy firms na like you don win lottery. Na golden ticket to job for life, with plenty money and respect. But things don change.
According to reports from Financial Times, KPMG and EY don begin to quietly demotivate some of their equity partners for UK. Dem remove dem from the top position wey dey own the firm and share profits, and instead give dem “salaried partner” roles.
People wey know about the matter tell FT say this move na to concentrate profits among the best performing partners. E no be say dem dey fire anybody, but na serious shift for the culture of these firms.
For inside the Big Four – KPMG, EY, Deloitte, and PwC – to be equity partner mean say you get share of the profit and you get say for big decisions. But now, some partners dey lose that status.
One person wey get knowledge of the matter say KPMG don remove some partners from equity and give dem salaried role. EY do similar thing. The demotion no dey public, but e dey happen.
This development show say the old model of “partner for life” don dey crack. The firms dey face pressure to improve profits and performance, and dem dey take action to make sure say only the best dey stay at the top.
Analysts say this trend fit spread to other Big Four firms for UK and maybe for other countries too. E be like say the job-for-life guarantee wey partner used to enjoy don begin to fade.
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