It has been far too long since the Firm Spy has received anything from its (formerly very lively) KPMG spies. Nothing really substantial, in fact, since we broke news that the KPMG Poo Poll had received Royal Assent from the requisite 70% of staff. The upshot of this was that if “market conditions deteriorated significantly”, KPMG partners would have the option of placing staff on a leave of absence on 30% pay, among other things.
Now, it appears KPMG partners have decided this deal was too generous. We received the following anonymous tip from a KPMG spy last night:
KPMG are offering “voluntary” work agreements over the christmas break. In effect, divisions which are still slow on work, have been encouraged to take leave under the same terms as the temporary work agreements, but you pick when you take the leave. Therefore, voluntary – and means PR wise, the firm never exercised it’s right to put people off on 30% pay. All the while other divisions are working overtime, and they refuse to allocate staff from other slow divisions, as even though there are staff doing nothing – this would allocate the income away from their cost centres. The staff in the busier divisions are disappearing at the hint of a better offer. Perhaps KPMG needs to be thinking about the whole more than the sum of its parts, especially while it’s falling to pieces.
Oh, we get it – if enough volunteers sign up for a Christmas “voluntary work agreement” – the old scheme of forcing people to take leave at 30% pay wont be invoked. Excellent number-crunching! … is a hoarded “good” banned KPMG audit partner responsible?
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