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KPMG’s “Flexible Futures” Works!

Posted on: Tuesday, January 12th, 2010
Posted in: HR FYI, Blog | Leave a comment

Sabbatical fans have watched with wide eyes as global mammoth KPMG/Britain hit hard times, sought solutions beyond firing, and found success

Their “Flexible Futures” concept offered TIME in exchange for money.  And 80% of the target employees took advantage of one of the options.  Yessssss!

Standing O to all involved:  To KPMG for its compassionate efforts to keep staff employed; to the workers who found a way to trade money for time (what a gift!); and to the families that no doubt made some sacrifices to adjust to the new budget and schedule.

KPMG Employees Say “Yes” to Sabbaticals

Posted on: Thursday, January 22nd, 2009
Posted in: HR FYI, Blog | One comment
Amidst a tsunami of layoffs worldwide, some savvy firms are trying something more innovative, hopeful, and humane:  offering sabbaticals or reduced workweeks. Accountancyage.com reports that when KPMG UK put together such a program for their employees, an astounding 400 out of 550 partners jumped in line.  Could it be that time is the new money?    
More than 80% of KPMG’s UK partners have applied to work a four day week or take a sabbatical after the Big Four firm announced a scheme last week aimed at avoiding redundancies.The voluntary scheme, announced last week, is one of the first of its kind by a big accounting firm. Eight other countries within the KPMG group are thought to be considering similar schemes.
       

GM also has the same idea, as reported last month and blogged about by yours truly right here.

First off, kudos to KPMG.  Se…

A Tale of 2 Offers

Posted on: Wednesday, February 11th, 2009
Posted in: HR FYI, Blog | Leave a comment
The recession in England rages on, and Sabbaticals continue to make headlines at major newspapers as companies create new ways to keep trained workers, yet cut costs.  At KPMG, a heavy-hitter accounting firm, 69% of the firm’s 11,000 partners have volunteered to take a Sabbatical or work four days a week, both at reduced pay.  In labor-intensive Jaguar Land Rover, the opposite is happening:  Only 15 of 2,200 workers at the Vauxhall plant offered time off with 80% pay have signed up. 
 
KPMG keeps sweetening the pot, which no doubt is helping draw get more takers.  They’re now aiming for 75% participation.  Wow. 
 
Meanwhile, at Jaguar Land Rover, where employees can make 80% of their salary not to work for a while, the enthusiasm for the offer is negligible.  One employee sums it up this way,
“I’d rather be at work doing nothing than sittin