Ernst & Young
Headquarters:
5 Times Square
New York, NY 10036
Employees: 130,000
CEO: James Turley
Privately held
Website:
http://www.ey.com
Company News
Career Page
Ernst & Young is one of the world's
top professional firms offering services related to accounting,
audit and risk-related services, tax, and transactions. In Europe,
the firm also provides legal services.
Ernst & Young has over 700 locations
in 140 countries.
Clients of Ernst & Young are in a broad
range of industries including financial services, health sciences,
technology, communications, entertainment, real estate or retail
and consumer products, among others.
In fiscal 2007, Ernst & Young reported
revenues of $21.1 billion, up from $18.4 billion the previous
year.
Globally, Ernst & Young supports 26
industry sectors, and operates Global Industry Centers for half
the industries that it serves. The Centers are dedicated to bringing
insights to clients, sponsoring dialogue among industry stakeholders
and linking our professionals to facilitate collaboration and
knowledge sharing. Member firms provide specific services for
industries on a country-by-country basis.
Employment has grown by 16,000 during the
past year.
Ernst & Young was named one of the
100 Best Companes to Work For by Fortune magazine in 2007.
History
The founders of Ernst & Young never
met. A.C. Ernst and Arthur Young were both very different people.
Young, born in Scotland in 1863 and a graduate of Glasgow University,
was privileged and soft-spoken. His interest in investments and
banking eventually led him to accounting. He migrated to the
United States, settled in Chicago and, in 1906, founded Arthur
Young & Co.
By contrast, the outgoing Ernst, born in
1881 in the United States, in Cleveland, was basically self-made.
Following high school, he worked as a bookkeeper and, four years
later in 1903, joined with his brother, Theodore, to start Ernst
& Ernst.
Ernst pioneered the idea that accounting
information could be used to make business decisions-the forerunner
of management consulting. He also was the first to advertise
professional services.
Young was profoundly interested in the
development of young professionals. In the 1920s he originated
a staff school; in the 1930s, his firm was the first to recruit
from university campuses.
Both firms were quick to enter the global
marketplace. As early as 1924, they allied with prominent British
firms-Young with Broads Paterson & Co., and Ernst with Whinney
Smith & Whinney. In 1979, Ernst's original agreement led
to the formation of Ernst & Whinney.
A.C. Ernst and Arthur Young died within
days of each other in 1948.
In 1989, the firms they started combined
to create Ernst & Young.
Benefits
Health & Welfare
Medical Coverage
Dental Coverage
Health Care Reimbursement Account
Dependent Day Care Reimbursement Account
Vision One Eye Care Program
401(k) Plan - Matching contribution of 25% of the first 6% contributed
after one year of service, 50% of the first 6% contributed after
four years of service.
Retirement Plan - Vesting after four years of service
Financial & Legal Protection
Group Term Life Insurance
Group Universal Life Insurance
Group Variable Universal Life Insurance
Long-Term Care Insurance Plan
Accidental Death and Dismemberment Insurance
Business Travel Accident Insurance
Short-Term Disability
Long-Term Disability
Supplemental Long-Term Disability
Group Legal
Life Management
Flexible Work Arrangements
EY/Assist (24/7 access to trained professionals and licensed
counselors)
Adoption Assistance
Parental Leave of Absence
Vacation and Personal Days - 15 to 25 days per year plus 3 personal
days
Holidays - 8 observed holidays each year
Commuter Benefits
Mortgage Referral Program
Matching Gifts
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