Gptw.docx

LOYOLA INSTITUTE OF BUSINESS ADMINISTRATION ASSIGNMENT

NAME: K.Karthighadevi

SUBJECT: Human Resource Management

FACULTY: Mr. Alston Rozario

ROLL NO: DH18012

GREAT PLACE TO WORK

“You get to decide where your time goes. You can either spend it moving forward, or you can spend it moving forward, or you can spend it putting out fires. You decide. And if you don’t decide, others will decide for you.” - Tony Morgan

EY is a great firm with some great people involved. Like any large corporation (or in this case partnership) there will be a number of different takeaways and positive/negative experiences dependent upon location (on a country, state, and office level), business segment (audit, tax, advisory, transactions), and level within the company.The best partners at EY know their industry in and out on top of their understanding of accounting. Since these firms are located globally in most of the countries. You get to work with people of diverse cultures. You may even get to travel internationally.These firms provide ample opportunities to network with your seniors and juniors. There are various networking events such town halls, annual dinners, monthly lunch/dinner with team, co-curricular activities, etc. Since you will be working with a lot of clients during your tenure, there are fair chances that you will develop a network with your clients as well. The journey with EY explains you how networking and marketing your brand can be made a creative activity. The ideal of networking that I learnt from EY is that you have to focus on divinity in people.

EY explains how crucial business processes are to the country's development. EY motto is that there are no friends in workspace, only colleagues (supporters or guiding lights, they won't go the extra mile for you as a friend would have).EY gives a better work life balance and therefore was ranked 29th in the Forbes list for best places to work at. The best part with EY was the learning environment which included one to one sessions and team meetings, so that newbies could comprehend the deeper concepts of auditing. With new procedure of evaluation in EY, the power has now shifted. But hierarchy remains the same. At the lowest level, there are analyst which has 3 levels i.e. analyst -1,2,3 followed by senior and then after spending some days (year )being senior, one becomes manager and then senior manager. Senior managers are promoted to either “executive director” or “partner". Your promotion is subjective and depends on various factors of new evaluation method. You don't need to be extraordinary to climb these stairs; you just have to be normal and loyal to company. EY is great (that also depends on what management you have worked with) and you would know that once you start connecting with people on a more diviner level and sometimes, go the extra mile for them, which would show the much needed quality in modern times : caring attitude. Every organization is known for its uniqueness what makes EY different from any other working organizations is the power structure and the flexibility. EY comprises of budding talents and they majorly recruit from fresh out of college graduates. This enhances the team diversity and there is a pool of freshly talented people waiting to explore the world. Working with these young minds 20’s something shows fresh ideas and concepts. They are immensely talented and represent creative thoughts. At EY cultural gender diversity is vast. They have a very specific campaign about “building a better working world.” This actually differentiates them from the other big 4 because they have a slogan and they stick to it in all their marketing campaigns.

EY is also known for their transaction advisory services practice. They are really the only big 4 company that considers their transaction advisory services

division a separate division than their advisory practice. The EY transaction advisory practice is growing at a pretty healthy rate too. A culture of mediocrity –Once you work at EY you will start to get a lot of head hunters contacting you for other jobs. Usually the best people leave for better opportunities. This is in part because good people will find great opportunities and the fact that EY doesn't do much to reward top performers. EY also has a strict rating system and will encourage the bottom people to look for other jobs. With the top gone for better opportunities and the bottom coached out you are left with the middle. EY has been rated top employer so many times, it stopped coming as a surprise.People are generally very friendly. And the work hours are demanding, but the pressure is manageable.Once you’ve joined, you are assigned to a counselor. This is someone who is supposed to guide my career decisions, which is pretty helpful. It is a place that causes you to grow, and in your own speed too.They are meticulous, straight forward, career oriented, and best part is being employee friendly. Also, it is one of the best companies for women; they have hundreds of programs to foster career growth of young women, new mothers, expecting mothers etc. Female empowerment:the ratio of men to women was 1:2. Women are at the top posts and you will hardly find any cases of sexism or inequality here. Also, if you are a mother EY is great as you can work out a work from home scheme and there is also a crèche in the office itself. Lots of activities: EY loves all kinds of festivals (even yoga day was celebrated!), comedy shows are conducted, fun games are held every other month and a lot of goodies and snacks are given. You can be a volunteer and help planning events too. There are a lot of youngsters and you will find singers, dancers, artists etc. There are lots of fun activities to do during breaks. They have a gym, massage parlor and pool tables.     

167,000 Employees 9.9% Employee Growth 6x Number of Applicants to Existing Jobs 35 Average Age of Employees 21% Women in Executive/Senior Management

Interns at Ernst & Young do far more than collate reports this year, the company sent more than 2,300 interns from 27 different countries to its International Intern Leadership Conference. This annual event brings together highperforming interns throughout the company’s global network. There they meet their peers, participate in learning activities and have a little fun, too. Some of the company’s most senior leaders spoke at the conference –

including Chairman and CEO Jim Turley – emphasizing the importance of having a global mindset and acting inclusively. Here are few more reasons as to why EY is a great place to work in the changing times. 93% of people are proud to say that they work at EY. Its also ranked 52 in Fortune 500 companies to work for (2018) and people companies that care 2017 as 29th place. EY brings the topic of mental illness, addiction and any other personal challenge to the forefront, helping to erase the associated stigma in the workplace. Through learning events and online training, videos and regular communications, our people learn how to notice the signs that someone may be struggling and how best to connect them with resources like EY Assist, EY Advantage, This holistic program offers a $500 reimbursement toward pre-approved fitness and health programs, refinancing of student loan debt at a lower interest rate, and an assistance service that can help EY people with anything from planning a vacation to party preparation and more. Family-friendly leave: After one year of service, EY moms and dads are eligible for 16 weeks of fully paid parental leave. EY is one of only 15% of companies to offer paid paternity leave, according to the Society for Human Resource Management. More than 1,700 people at EY took paid parental leave in 2017 — half are men. And EY salaried employees can take up to 10 days (up to 80 hours) of paid time off annually for personal and family care needs, such as attending to a sick child or an elderly dependent. Virtual health care: EY people have access to “on the go” medical treatment options, which include online video conference consultations, diagnosis, treatment and prescriptions. EY Navigate: EY offers all our people a unique, no-cost financial wellness experience where users can create an actionable path forward for managing their financial journey. Users can access financial planning advice through an interactive website, dedicated phone line and app where information is organized by goals. The monthly webinars include chat-room features so planners can answer questions in real time. Flexible working: At EY, the goal is to build a flexible culture so all EY people can succeed personally as well as professionally. Working flexibly means they can determine what hours they work during the day to accommodate personal commitments ranging from appointments to activities involving their communities and more. They also offer formal flexible work arrangements for people who require regular, more structured flex time. WORK-LIFE BALANCE PROGRAMS:  Flexible schedule  Telecommute option

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Job sharing Compressed work weeks Subsidized On- or Off-site Fitness (100% have access) Onsite Amenities (The EY Assist Daily Life services provide research for locating fitness classes, massage providers, yoga studios and other health-related services. Some local offices provide health fairs that include onsite massage, nutritionist advice and food samples.)

DIVERSITY:  Global Diversity & Inclusiveness Officer oversees diversity and inclusion practices  Written policy prohibits discrimination based on (at a minimum) age, disability, race/ethnicity, religious beliefs, gender and sexual orientation  260 events a year connect employees with peers from different racial/ethnic, religious or country-of-origin identities.

They look for candidates with a global mindset so it can be confident they will be able to succeed in our global business environment. The ability to persevere through challenges to accomplish your goal is a quality we see in our successful people.EY’s purpose — building a better working world — is behind everything they do. “When we meet someone who shares our purpose and desire to leave a legacy for others, has the right skills and knowledge, and has the drive to help clients succeed, we know that person will be a great fit.” Year after year, they continue to experience substantial growth, which means great opportunities exist in all their service lines. EY is easily one of the stead fast growing companies and is slowly emerging in the high ranking global market. A great organization shapes the future leaders and one of the best places where the future leaders are molded is EY. With the culture and gender friendly environment, and flexible and easy going environment to work with where the talent of the individuals are recognized and opportunities are given to fresher’s and young minds, EY is one of the great places to work with in the changing global environment.