It was with thanks to a courageous KPMG insider that we reported last week that the venerated Poo Poll resulted in an emphatic assent to the ‘Temporary Work Arrangements’. We will now give you the second installment to that post.
Again, these comments are allegedly an excerpt from an email sent by Duncan McLellan, Partner-in-Charge of Audit 2:
“Firstly – it’s no news that this year was difficult for the economy, the business world and KPMG. Our Group has performed very well in this environment with a real focus on finding new work, getting paid better for overruns, improving efficiencies and being flexible with our resourcing. We’ve won many new audits, had people working on significant acquisition and equity market transactions, earned over $1.2m of fees from client secondments, kicked off significant climate change work and the Advisory Group income is somewhere near $3m, well up from last year. Importantly, keeping everyone busy meant we did not need to go down the path other less busy group did with redundancies. That too was assisted by the way we managed staff numbers. Numbers have fallen by 20-30 over the course of the year through the hiring freeze (secondees/contractors), a few less grads and by not extending all the secondee contracts as would usually be the case. We are cogniscent that this places some extra workload on existing staff but this year has shown it is manageable. I expect people resources will also be tight in 2010.
Hmmm… ‘managing staff numbers’, ‘less grads’, a ‘hiring freeze”, a couple of dozen less staff and an expectation that ‘people resources will be tight in 2010′. Perhaps it is time to update the ‘Frequently Asked Questions’ section on the KPMG website:
Q. What are your work hours like?
Full-time KPMG employees work 7.5 hours per day, plus one hour for lunch.
Will KPMG workers keep their jobs if they clock on at 9am and clock off at 5:30pm?
Send the Firm Spy your news and views!
Loading...
