Company: Deloitte
Date: 2014-08-07
Overall rating: 1/5
Employment status: former
Experience level: Junior

Something you need to know about Deloitte bonuses
Pros: Deloitte pays bonuses, but read below for the catch.
Cons: Deloitte taxes your bonus, but if you leave before the agreed-upon time, they won't help you get your taxes back.  Let's use round numbers as an example.  If you received a $5000 bonus in 2013, taxes were withheld on that bonus in the year they were paid.  If you leave the firm in 2014, and your agreement requires you to repay your bonus, Deloitte will neither reflect the repayment in your 2014 W-2, nor will they issue a corrected 2013 W-2 to reflect your lesser compensation.

Again keeping with round numbers, if you get a $5000 bonus in 2013, and then in 2014 you earn $50,000 but leave the firm and pay back that $5,000 bonus...at the end of the year your W-2 will say you earned $50,000, not $45,000.

Deloitte will file a W-2c to recover for themselves the additional social security and medicare taxes that THEY paid on your $5000 bonus, but they will file no such paperwork in order to help you out.

Just beware:  median stay at Deloitte is around 12 months.  Most people who get bonuses end up having to pay at least some of it back.  And the people who pay it back get no help from Deloitte in recovering the extra taxes paid on their bonus.  They'll help themselves, but they won't help you.