BusinessPeople In BusinessKPMG tries to lure more staff to cut hours

KPMG tries to lure more staff to cut hours

Only one-third of staff have accepted

KPMG has changed the terms of its four-day a week flexible work offer in a
bid to entice more of its 11,000 staff to sign on, the Financial Times
reported.

Rather than dock staff a full day’s pay, the firm said in an email to staff
that four-day workers would only lose 10 per cent of their existing pay. This
was on condition that 75 per cent of the firm agreed to take part.

UK staff were last month asked to volunteer to work either a four-day week or
take extended unpaid leave for up to 12 weeks per year.

Just one-third of staff have so far agreed to cut their hours, but to be
effective in reducing costs two-thirds would need to accept the offer.

Related Articles

KPMG global asset management head joins Bristol Water as chief exec

Accounting Firms KPMG global asset management head joins Bristol Water as chief exec

12m Stephanie Wix, Writer
KPMG UK breaks £2bn barrier, while partner pay falls

Accounting Firms KPMG UK breaks £2bn barrier, while partner pay falls

1y Stephanie Wix, Writer
Advisory services push KPMG International to 8% growth

Accounting Firms Advisory services push KPMG International to 8% growth

1y Stephanie Wix, Writer
Ex-KPMG senior partner joins Urban&Civic as audit chair

Audit Ex-KPMG senior partner joins Urban&Civic as audit chair

1y Richard Crump, Writer
PwC questioned over BHS ‘going concern’ audit

Accounting Firms PwC questioned over BHS ‘going concern’ audit

2y Chris Warmoll, Writer
MPs hear from trio of Big Four firms over BHS advice

Accounting Firms MPs hear from trio of Big Four firms over BHS advice

2y Chris Warmoll, Writer
Friday Afternoon Live: KPMG axing dozens of partners and HMRC's new CEO

People Business Friday Afternoon Live: KPMG axing dozens of partners and HMRC's new CEO

2y Accountancy Age, Reporters
Former KPMG chairman to head up ICC board

People Business Former KPMG chairman to head up ICC board

2y Fraser Simpson, Reporter