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Deloitte scraps partner retirement cap
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KPMG takes bold step towards inclusivity with 26 weeks equal paid parental leave
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KPMG chief executive Andrew Yates. Source: supplied.
KPMG has a new boss in Australia with Andrew Yates starting as CEO last Thursday. And he’s wasted no time in addressing the accounting firm’s paid parental leave scheme extending it to 26 weeks, with no “primary” or “secondary” carer status and regardless of how long a staff member has been with the firm.
This sets a massive benchmark on paid parental leave across Australia, given very few firms offer such lengthy paid stints of leave. It’s also revolutionary given that those employers that get anywhere close to offering 26 weeks, don’t do it regardless of “primary” carer status and usually request a waiting period of 12 or so months of employment before an employee can access it.
New KPMG boss lifts paid parental leave to 26 weeks
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Consulting giant KPMG will offer staff 26 weeks flexible parental leave for both parents, new chief executive Andrew Yates has announced on his first day in the job.
In what the company says is a new benchmark for Australia’s largest employers, the announcement comes without waiting periods, tenure guidelines or distinctions between primary and secondary carers.
KPMG Australia’s new boss Andrew Yates started in the job on Thursday.
Mr Yates told staff the new leave entitlement could be taken flexibly to suit each parent within the first 24 months of the child’s birth – applying to all parents regardless of gender, and covering adoption, surrogacy and foster care. Compassionate leave for parents facing pregnancy loss and miscarriage has also been extended.
Lights, Camera, Budget: Who made the VVIP lists for Canberraâs night of nights
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Generally, the second Tuesday in May is the only night of the year when the often-ignored national capital can truly feel like the centre of the nationâs attention. At least, for the 30 minutes of the Treasurerâs budget speech.
And after the COVID-inspired and socially distanced non-event that was budget 2020, the political crowd and bandwagoners turned out in force for what is expected to be the last budget ahead of the next federal election.
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