Business
KPMG repays more COVID-19 pay cuts amid scramble for professionals – The Australian Financial Review
KPMG will give staff a one-off COVID-19 thank-you bonus worth 4 per cent of their annual salary funded by a sharp rebound in client demand.
While we have relatively modest revenue growth year on year given COVID impacts, our momentum and pipeline are continuing to build well. It is very pleasing to be able to look forward with a bit more predictability than has been possible recently.
KPMG CEO Gary Wingrove. Renee Nowytarger
The bonus payment fully offsets the COVID-19 pay cut the firm made to staff pay last year. After three incremental repayments, staff had given up 1.3 per cent of their annual salary.
The bonus means those who had…
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