CM – KPMG confirms 4% pandemic bonus

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KPMG has now confirmed that employees will receive a one-time thank you payment amounting to 4 percent of their annual salary.

The one-time payment will be made separately and in addition to the performance review and reward of the four large companies at the end of the year. It was given in recognition of the “contributions and resilience of employees in difficult circumstances” throughout the pandemic.

« I am very pleased that our positive momentum has continued, » said KPMG Managing Director Gary Wingrove on Thursday Employees. « Thank you for your efforts. You have all contributed.

 » It is an appreciation and a thank you for your contribution to working with us on the challenges of Fiscal Year 21. « 

Plans for a » Thank You  » were first announced in February after KPMG posted better-than-expected half-year results but the company hadn’t finalized the value of the payment and tried to return an additional portion of the wage cuts it initiated at the height of the pandemic .

KPMG employees saw a 20 percent wage cut for four months from May to August 2020, but the company eventually repaid a third of the cuts in May and June.

KPMG did so at the end of last year half of the cuts repaid in July and August 2020 before another part was returned in February.

The company recorded in the past Last year sales increased 7 percent to 1.9 billion US dollars. COVID-19 caused the 12 percent target to be missed.

Jotham Lian is the editor of Accountants Daily, the premier source of breaking news, analysis and intelligence for Australian accountants. Prior to joining the team in 2017, Jotham wrote for a number of national mastheads including the Sydney Morning Herald and Channel NewsAsia.You can email Jotham at: This email address is being protected from spambots. You need JavaScript enabled to view it.
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Jotham Lian is the editor of Accountants Daily, the premier source of breaking news, analysis and intelligence for Australian accountants. Prior to joining the team in 2017, Jotham wrote for a number of national mastheads including the Sydney Morning Herald and Channel NewsAsia.You can email Jotham at: This email address is being protected from spambots. You need JavaScript enabled to view it.
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KPMG confirms 4% pandemic bonus

Ref: https://www.accountantsdaily.com.au

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