KPMG has delivered a flat salary increase of between £2,000 and £4,000 for all of its UK employees.
According to a Linkedin post by the firm’s chief executive, Jonathan Holt, this marks an additional £51.7m investment into the firm’s people.
The pay rises have been given to 15,800 KPMG employees in the UK, excluding its 766 partners and associate partners.
Based on its current trading performance, the firm is also expecting to match its £100m colleague bonus pot from last year.
Holt said the pay increase has been deliberately designed so junior colleagues feel the greatest benefit now, and the increase is separate to KPMG’s annual pay review later in the year.
He added that the business is performing “strongly” and KPMG is making “great progress” on its strategy, and the firm wants to recognise that contribution and address some of the immediate pressures on them.
Holt said: “Ensuring KPMG remains a great place to work is about much more than just how we recognise and reward our people. So this is the first in a series of measures we are developing to bring this vision to life, building on all of the fantastic things we already have in place.
“I’m really excited about the future of our firm and I’m looking forward to announcing more in the coming weeks.”