View this email in your browser

Do more hours worked translate into better bonuses?

In this edition of the newsletter, we’re taking a look at self-reported hours, and how different ranges of average hours worked impact bonuses and job satisfaction.

We’re also bringing back the first company that ever supported Big 4 Transparency as our newsletter sponsor!

I hope you had a spooky Halloween, LumiQ (this edition’s newsletter sponsor) is here to talk about something even spookier: Your CPD requirements.If you’re a CPA, you know how much trouble it is to stay on top of your CPD. Some people take expensive courses each year, some subject themselves to the free webinars put on by the firms. I choose to enjoy my CPD. LumiQ has podcasts with interesting topics and guests like the CFOs of TD, Slack, and Yelp, that are all pre-approved to count toward your CPD hours. The platform also tracks your requirements and how you’re progressing to make filing your report a breeze.

As a promotion to our readers, LumiQ is offering 5 free hours of CPD for you to try it out! The best part is that many employers are willing to cover the cost for employees to help you meet your CPD requirements. Check them out here, and see how much more enjoyable CPD can be!

Now for the analysis

The first part of the analysis was done using the fields for the last bonus received, and the self reported average weekly hours worked. We broke out hours worked into 3 groups: 35-45 hours, 46 - 55 hours, and 55+ hours. The goal was to see if folks reporting higher hours were on average receiving higher bonuses than their peers. I looked at this in many different ways, breaking it out by service line, by level, etc, and there was never a clear or significant indication that more self-reported average weekly hours led to higher bonuses. So next time it’s approaching bonus season, you can maybe breathe a little easier so long as you’re a strong performer, knowing it’s less likely to impact your bonus.

The next part of the analysis was to see how hours worked impacted job satisfaction. Unsurprisingly, the group working below 45 hours on average had the highest reported job satisfaction, rating their satisfaction as a 6.93 out of 10. The group working between 46 and 55 hours a week rated their job satisfaction the lowest, at 6.05 out of 10. Finally, the group self-reporting average weekly hours above 55 hours ranked their job satisfaction at 6.31 out of 10. Unsurprisingly, average weekly hours worked were a strong factor to job satisfaction, but I was surprised the difference was not greater. I’ve worked roles that I would place in each of those 3 categories, and for myself, I believe that my job satisfaction increased drastically as I changed to a role requiring less hours.

And finally, if you’re looking to spice up your career, look no further!

Here are the opportunities on the Big 4 Transparency Job Board:

1. CFO Associates is hiring a Senior Tax AccountantRemote, USA$60k - $90k

2. Deloitte Bermuda is hiring an Audit SeniorRelocation to Bermuda funded by the firm$80k + Bonus

3. Dark horse is looking to support CPAs to launch their own practiceRemote, USAEarnings uncapped, based on your entrepreneurial success

4. CFO Associates is also hiring a Client ControllerRemote, USA$60k - $90k

Copyright (C) Want to change how you receive these emails?You can update your preferences or unsubscribe