KPMG to invest $100m in talent initiatives and tech advancements

Of the total investment, $30m will go to salary adjustments.

KPMG will invest over $100 million in the next five years in manpower initiatives, including salary adjustments, comprehensive learning opportunities, and leading-edge technology adoption.

Of the total investment, $30m will go to salary adjustments, benefiting eligible staff up to the manager level across Audit, Tax, and Enterprise Risk Services.

KPMG’s audit professionals with certifications from the Association of Chartered Certified Accountants or CPA Australia and tax professionals with the Accredited Tax Practitioner certification will also receive salary enhancements.

The professional services firm will raise salaries starting in October.

KPMG said its improved remuneration aligns with the latest Accountancy Workforce Review Committee recommendations.

In 2022, KPMG already introduced a 20% pay increment in salaries of eligible staff.

$25m, meanwhile, will go to comprehensive training and upskilling programmes for KMPG’s employees.

KPMG's training initiatives include critical skills such as futurist capabilities, artificial intelligence, data literacy, analytics and ESG, among others.

The remaining $50m will go towards technological advancements, including emerging technologies and generative artificial intelligence development.

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