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By Reuters Staff 2 Min Read FILE PHOTO: The KPMG logo is seen at their offices at Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause//File Photo LONDON (Reuters) - Global accountants KPMG said on Monday that Jon Holt has been elected by partners to head its 2.3 billion pound ($3.17 billion) UK arm, which faces a potential fine and major industry reform. Holt, head of audit since 2019, takes up the CEO job immediately until September 2025, replacing Bill Michael, who resigned after reports that he told partners to “stop moaning” about the impact of ...

The Racism Racket ‘Complete and utter crap.’ That’s how Bill Michael, until recently UK chair of global accountancy firm KPMG, described the concept of unconscious bias to his apparently stunned staff. ‘There is no such thing as unconscious bias’, he elaborated. ‘I don’t buy it. Because after every single unconscious-bias training that has ever been done, nothing’s ever improved.’ As is the custom nowadays, Michael issued a public apology before tending his resignation. This is a shame because his comments were not that far wide of the mark. As I explore in a new report ...

(AP Photo/Martin Meissner) ‘Complete and utter crap.’ That’s how Bill Michael, until recently UK chair of global accountancy firm KPMG, described the concept of unconscious bias to his apparently stunned staff. ‘There is no such thing as unconscious bias’, he elaborated. ‘I don’t buy it. Because after every single unconscious-bias training that has ever been done, nothing’s ever improved.’ As is the custom nowadays, Michael issued a public apology before tendering his resignation. This is a shame because his comments were not that far wide of the mark. As I explore in a n...

Why ranking employees by performance backfires 7 Apr, 2021 01:27 AM 4 minutes to read Grading employees by performances creates unintended consequences. Photo / Getty Images Financial Times By: Sarah O’Connor When Bill Michael, the former chair of KPMG, told staff to "stop moaning" in a virtual meeting in February, one of the issues they were complaining about was the "forced distribution" model used to assess their performance. This way of appraising people is a zombie idea. No matter how many times it proves disastrous for a company's culture or morale, it refuses to die...

Why ranking employees by performance is a disastrous process that demoralises staff It is a zombie idea that refuses to die about an hour ago Sarah O'Connor “We grade children in school, often as young as nine or 10, and no one calls that cruel. But somehow adults can’t take it? Explain that one to me.”   When Bill Michael, the former chair of KPMG, told staff to “stop moaning” in a virtual meeting in February, one of the issues they were complaining about was th...