After a place behind RSM US in 2022 Fortune BCTWF is KPMG, the second Big 4 firm in the rankings behind Deloitte at No. 24. It’s not too often that KPMG finishes ahead of PwC in anything, so the house of Klynveld should celebrate that achievement as long as it does. may.
For the most part, people seem to enjoy working at KPMG. According to the Great Place to Work site, partner of Fortune each year, for the BCTWF, 86% of KPMG employees say the company is a great place to work, which is the second highest among the Big 4 (Deloitte is at 88%). Other GPTW results on employee happiness at KPMG include:
- 93% say they felt welcome when they joined KPMG.
- 92% think management is honest and ethical in their business practices (this percentage was probably MUCH lower in 2017 and 2018).
- 92% say they are offered training or development to advance their professional career.
This is the 15th time that KPMG has made Fortune‘s BCTWF in the ranking’s 25-year history. Over the past five years, KPMG has been ranked:
- 2021: 39th
- 2020: 32nd
- 2019: 36th
- 2018: 29
- 2017: 12th
Here’s why KPMG created this year’s BCTWF, according to Fortune:
KPMG is not just acknowledging the impact of the pandemic on workers, it has deployed a host of tools to help them cope. To guard against burnout and overwork, the professional services firm has introduced camera-free Fridays and two annual company-wide breaks that give employees at least nine consecutive days off in the winter and in summer. For mental health, employees or their family members can access up to 10 free counseling sessions. In order to cover the cost of a home office setup or other remote work expenses, everyone received an additional $1,000. For children and parents struggling with remote learning, KPMG has created a resource kit and made it easy to create learning modules. These pandemic-era arrangements have reinforced the company’s long-standing commitment to career development, which is offered in the form of mentorships (about 13,000 of them) and numerous training programs in leadership that in recent years have placed greater emphasis on women and other underrepresented groups.
On top of all this, KPMG’s employee retention maneuvers included changing its 401(k) contribution policy and reducing the vesting period from five years to three years, and granting all employees mid-year raises that went into effect on April 1 (in addition to the usual raises and bonuses that employees received last fall), although many KPMG employees began to panic on April 15 when their new, inflated paychecks didn’t reach their bank accounts right away. And KPMG dumped Phil Mickelson in February.
Stats to note:
- Employees: 35,526
- Number of job offers: 4225 (as of March 2022)
- Number of job seekers (last 12 months): 303,935
- Average number of candidates per opening: 23
- Number of new graduates hired: 4,600
- Percentage of women: N/A (46% according to KPMG’s 2021 DEI Transparency Report)
- Percentage of minorities: N/A (35% according to KPMG DEI 2021 Transparency Report)
- PTO limit (days): 37
- Number of sick days: Varied
We will continue our coverage of Fortune 2022 BCTWF throughout this week.
Fortune 100 Best Companies to Work For: Deloitte #24 (2022)
Fortune’s 100 Best Companies to Work For: Plante Moran #30 (2022)
Top 100 Fortune Companies to Work For: RSM US #40 (2022)
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