KPMG employees will get automatic employer 401(k) contributions — without a match — and many more benefit perks

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Workers will also get more parental leave and lower healthcare premiums

KPMG, one of the Big Four accounting firms, is changing the benefits and compensation for its employees in a move the chief executive characterized as a way to “make the complicated simple” and give its workers “the flexibility they need.”

“I believe part of my job is to build support systems that help our people when they need it most,” KPMG Chairman and CEO Paul Knopp said in a statement highlighting the changes. This change is one of many the company is implementing in light of the effects of the pandemic, which also includes giving parents 12 weeks of paid parental leave and giving all workers nine consecutive days off twice a year. The company is also reducing employee health care premiums by 10% next year with no change in benefit levels.

 

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