KPMG cuts pay for US partners on gardening leave as talent war rages

Partners in the US arm of global accountancy firm KPMG have been told their gardening leave pay will be cut by 50% if they leave for a rival firm.

The move is the latest effort to stymie a poaching war among the Big Four firms. KPMG’s decision stands out among its other three rivals – EY, Deloitte and PwC – and would likely force firms nabbing talent to scramble for more cash to top up payments of staff they’re luring away.

Source: KPMG cuts pay for US partners on gardening leave as talent war rages