Company Prospectus[1]

Company Prospectus[1] - Ernst and Young 5 Times Square New...

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Ernst and Young 5 Times Square New York, NY 10036 Ernst and Young not only is among one of the largest and most well-respected professional services firms in the world, as of year 2007, next to its status as one of the Big Four auditors, it is also the 7th largest private company in US. The firm is the result of series of mergers of ancestor organizations. The oldest originating partnership was founded in 1849 in England, initially known as Harding and Pullein. Then in 1989, the final merging with Arthur Young created Ernst and Young. According to Business Week, Ernst and Young employs 107,000 people in 140 countries. In the U.S., it has 25,000 employees in 95 locations. while maintaining its focus on providing professional services in auditing, accounting, tax, and transactions, the firm also provide supports to business positions in various areas including government relations, human resources, legal, marketing, and office administration. Ernst and Young says it believes that people who are fulfilled in every area of their life perform better and are happier. Creating an inclusive and flexible work environment for everyone is vital to the firm's overall strategy. In terms of salary, Ernst and Young claims to base salary on the value that each worker brings to the firm. They offer different awards in recognition of going "above and beyond."
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Benefits are a significant part of what the firm calls its "People First" culture. In 2005, Ernst and Young introduced new benefits including permanent four-day holiday weekends around Memorial Day, Fourth of July, and Labor Day. Concierge service for all employees rolled out in early 2005 and helps carry the burden of everyday tasks. A service for Back-Up Child Care, as well as Adult Care, was also introduced to reduce the stress of juggling caregiving and career demands. Additional bereavement benefits were also offered to aid families during times of loss. Also, the company has generous parental leave benefits and policies. Traditional benefits such as health and dental insurance, 401[k] plan and pension, flex spending accounts, pretax commute programs, and tuition reimbursement are also offered. Faced with climate change challenges, Ernst and Young decided to face this new situation as opportunities. The firm seeks to respond to stakeholder expectations, current and anticipated regulation, and rising energy costs by investing in future generation technologies. It views this as an opportunity toward better innovation, efficiency and competition. This accelerated corporate response to climate changes had been reflected in its global venture capital investment trends. As reported on Business Week, after one year at Ernst and Young, Jasmine Rieder,
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Company Prospectus[1] - Ernst and Young 5 Times Square New...

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