Business
KPMG repays more COVID-19 pay cuts amid scramble for professionals – The Australian Financial Review
KPMG will repay staff another portion of the 20 per cent pay cut it instituted when COVID-19 hit in a bid to retain staff as the professional services sector scrambles…
KPMG CEO Gary Wingrove said on Wednesday the most recent repayment was on the back of anticipated revenue for the 2021 financial year sitting 2.7 per cent above plan, and all divisions performing to or above plan.
We have maintained the momentum generated in the first half of the year … and, given our performance, we are now able to make some choices on how we deploy the benefits, he said.
As I have said before, our priority is returning the salary adjustments to our people that occurred in July…
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