KPMG awards staff minimum of £2,000 pay rise

KPMG to consult employees on pension contribution cutsAudit, legal, tax and advisory services firm KPMG has awarded its 15,800 UK employees a salary increase as part of its £51.7 million investment and commitment to them.

Employees will receive a flat pay rise of either £2,000 or £4,000 depending on their role, which will be backdated to 1 April. Pay increases will be pro-rated for part-time employees and partners are not eligible for the rise.

This increase is in addition to the organisation’s annual pay review, which takes place at the beginning of its financial year in October.

In a recent update to partners, Jon Holt, chief executive of KPMG UK, announced that he hopes to match last year’s bonus pot of £100 million for employees based on current trading performance, with the potential for overall reward to be higher still if it beats expectations.

“Despite the volatile geopolitical and economic environment we’re operating in, our business is performing strongly,” said Holt. “We have ambitious plans to grow further, and attracting and retaining top talent is at the heart of our strategy. By investing in our people we will ensure we have the best experts in the market to advise our clients.

“This is just one element in the extensive package we offer to our people, from professional training and career development to support to work flexibly and wellbeing support. We are investing in this further and I am looking forward to announcing more details at our all-colleague event in the summer.”