![]() ![]() With inflation remaining stubbornly high at 8.7pc in May, some staff are expected to experience real-term pay cuts. Last month, the Big Four firm warned its 25,000 UK staff to expect smaller pay rises and bonuses this year amid a slowdown. Twelve months later and the outlook for Britain’s consultants looks markedly different as economic uncertainty hits demand for advisory work. Riding high after an “exceptional” 12 months for its consulting arm, partners at PwC UK last year took home a record seven-figure payout, while its rank-and-file staff were handed a 9pc pay bump before bonuses. The Telegraph wrote about advisory work drying up across the pond and warns that PwC cheaping out on bonuses is only the beginning. 21 with 4,572 local workers, about an 8% increase in the same period. ![]() ![]() 12 on the list with nearly 7,000 local employees, almost an 11% swell since 2021. Other leading accounting firms such as New York-based Deloitte and Ernst & Young also reported upticks in their Chicago headcounts. The audit, tax and advisory services firm reported a 6.4% increase in its Chicago workforce, with 2,863 local employees. New to Crain’s top 25 is New York-based KPMG. On average, these 25 employers, which are headquartered outside the city, only saw local employment grow by 0.3% in 2022. Out-of-town employers barely saw growth in their Chicago workforces last year. The financial services company will move all 3,100 of its employees from 200 Berkeley Street in the Back Bay to the new space, located near the Seaport at 115 Federal Street, in the fall 2024.Ĭrain’s Chicago Business wrote about out-of-town employers and gave us some numbers on Big 4 headcount in the Windy City: ![]()
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