KPMG | Workers told to hand in THIS item to cut costs

Workers told to hand in THIS item to cut costs

As part of a job function, employees may receive perks and will be given equipment to help them carry out their tasks. Whether it’s a company mobile or laptop, each can enhance an individual’s ability to get the job done.

This was something a large majority of KPMG employees were privy to. However, while many members of staff were provided with a work phone, the financial services firm has since told hundreds of its UK employees to hand in their mobiles as part of a cost-saving initiative, reported the Financial Times.

The Big Four company shared an internal memo with its staff outlining that it would start collecting phones in October, which marks the first month of its financial year. It said:

“We will be starting the process... over the course of October, to give colleagues time to make alternative plans in the event they don’t already have a personal mobile.”

Those working in non-client facing positions and junior staff in administrative jobs will be among the most heavily impacted.

This move marks the company’s latest attempt to cut costs after it informed 630 secretaries and personal assistants that around a third of them would be made redundant. In addition, KPMG said it would encourage partners to file their own expenses in a bid to save resources.

KPMG went on to tell staff that the costs of the business were higher than any large firm in its international network and the most expensive of The Big Four, which includes the likes of Deloitte, EY and PwC.

The memo added: “To realise our growth ambition, we need to improve our profitability by building a leaner, more responsive cost base. This will help free up funds to invest in the future of the firm.

“We will be sharing lessons learned with other parts of the business, especially where colleagues are largely office-based.”

KMPG declined to specify how many employees would be impacted by the recent decision. However, an insider revealed that they believed the changes were being applied to staff below its rank of senior manager.

A KPMG Spokesperson commented: “Over the past year we have invested in a range of technologies to support our people, which enable them to work from home or the office with ease. As a result, we have less need for mobile phones in certain areas of the business.

“This does not affect anyone whose role requires a high degree of travel or where they need to be contacted out of hours by their clients, customers or team.”

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