London: Professional services group KPMG says its appointment of 52 new partners in the UK reflects its business optimism.
- Total number of partners increases to 613
- Female partners make up a third of promotions
Of the new partners, 29 have been promoted from within the firm, with 23 external hires, appointed over the last financial year. Combined, this takes the total number of partners in the firm to 613. KPMG has a staff (including partners) of approximately 11,500.
Simon Collins, UK Chairman of KPMG, commented, "This year's new partner intake reflects our optimism for growth over the coming months and years ahead. Our new partners bring a wealth of experience, ranging from cyber security and talent management through to disruptive and innovative digital technologies. We continue to see high demand for our services from the wide range of businesses in the financial services industry and, accordingly, a third of our newly promoted partners are specialists in this sector. I am confident that this year's partner appointments put us in a strong position to address the business issues and opportunities our clients want to tackle most.
"Currently, 15 percent of our partners are female. This is not where we want to be. However, I am pleased that we have seen more than double the number of successful female partner candidates this year compared with 2013. A third of our newly promoted partners are women, which is a testament to a significant effort to remove any barriers to the best talent coming through the firm; whether this is through initiatives such as unconscious bias training, or actively encouraging a more inclusive culture where diverse talent can thrive. While we have seen results internally, there is more work to be done on our external hires, hence our introduction of assertive diversity benchmarking on all external agencies we use, to compare the level of diversity in the candidates they supply."
Commenting on the firm's overall recruitment strategy, Collins went on to say, "We take seriously our role as a responsible employer and we are determined to ensure open access to our profession. We are working hard on our approach to both internal and external appointments of partners but this ethos also permeates our entire recruitment process. We are hiring more graduates and school leavers than ever before — 1,000 students this year — and are striving to ensure we recruit from as diverse a pool as possible. We also have more targeted schemes, such as our 'STARs programme' which has already awarded nearly 100 school leavers from Tower Hamlets, Newham and Hackney apprenticeships at the firm. As one of the UK's large employers, it is our duty to ensure our staff reflects the society we work in, with and for."