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KPMG Advisory Comp

KPMG Advisory Comp

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Published by Caleb Newquist
KPMG advisory compensation memo
KPMG advisory compensation memo

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Categories:Types, Business/Law
Published by: Caleb Newquist on Jul 11, 2013
Copyright:Attribution Non-commercial


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Outlook for 2013 Compensation
 A Message from Lynne Doughtie and Carl Carande
As we head into summer and the start of the fourth quarter of FY13,we want to provide you with an update on our firm’s performance, aswell as information about our plan for employee compensation.We are pleased to report that the firm is on track for a good year, withoperating results expected to be ahead of plan. This is great news,and a direct result of your hard work and contributions. And, while westill have three months ahead of us, we are confident that, workingtogether, we can finish FY13 in a strong position.So what does this mean for FY13 compensation? As we have said inthe past, our philosophy is that as the business does well, we willshare those rewards with our people. And this is exactly what we planto do in Advisory this year, particularly as it comes to our variablecompensation awards.
Variable Compensation
Assuming we remain ahead of plan, we fully expect that
the average
variable compensation award will be
toward the higher end of theguidelines that we originally communicated in November of 2012
.As a reminder, individual performance ratings will remain theprimary factor in determining your FY13 variable compensation. Thisis reflected in the following tables which include VC award ranges bylevel:
FY13 VC Award Ranges – as communicated in November 20121-Rated 2-Rated 3-Rated
Director 11 - 15% 8 - 11% Up to 7%Manager 11 - 15% 8 - 11% Up to 7%Sr. Associate 9 - 13% 7 - 10% Up to 6%Associate 7 - 11% 6 - 9% Up to 5%
Note: Employees must have been hired on or before April 30, 2013, to be eligible
Lynne Doughtie
 Vice Chair, Advisory
 Carl Carande
National ManagingPartner, Advisory

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