Following the release of the firm’s partner pay gap data, KPMG has published the firm’s ethnicity pay gap, including partner pay
Following the release of the firm’s partner pay gap data, KPMG has published the firm’s ethnicity pay gap, including partner pay.
The figures show a 14% median and 34% mean gap for the firm as a whole (partners and employees) and 14% median and 9% mean gap at partner level.
The firm first published its employee ethnicity pay gap in December 2017, which was 11.7% (median) and 13.9% (mean).
Bill Michael, UK Chairman at KPMG said: “We have to get real about diversity and we cannot do this without transparent data.
“Our current pay gap is not acceptable. We have worked hard to increase the female and ethnic minority representation within our organisation at senior levels, including the introduction of GROW and Beliefs, Biases and Behaviours programmes, but we have a long way to go. Our statistics show that we still have more men than women in senior positions and we still have more white colleagues than black, Asian and minority ethnic (BAME) colleagues in senior positions. It is only through increasing diversity at senior grades that we will close our pay gaps.
“Having a diverse mix of talented people to advise our clients is fundamental to our commercial success and we are committed to getting this right.”
- Established an Inclusive Leadership Board, which provides a check and challenge to the Board and considers whether or not the firm is embedding inclusion and diversity in its processes and procedures.
- Introduced a black heritage reverse mentoring scheme with the help of the firm’s African and Caribbean Network which was piloted by members of the Executive Committee and has now been rolled out to the wider partnership.
- Developed an innovative graduate recruitment programme including LaunchPad which has delivered a significant improvement in the diversity of our student intake over the last three years
- Expanded its award winning GROW programme, a 360-degree development programme, which helps diverse talent discover their personal work and leadership style, understand brand and develop authentic stakeholder management to maximise their career potential.
- Launched its Beliefs, Biases and Behaviours programme. This consists of a thought-provoking collection of resources and face-to-face workshops, targeted at all colleagues, focused on increasing awareness of bias and the impact this can have on the decisions individuals make and the behaviours they exhibit. KPMG has mandated this programme for senior leaders.
Notes to Editors
Zoe Sheppard, Head of Press Office at KPMG: 07770 737 992 / firstname.lastname@example.org
Louis Clark, Senior PR Manager at KPMG: 07770 644 382 / email@example.com
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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