KPMG recognised as a Top 75 employer in the 2020 Social Mobility Employer Index
KPMG recognised as a Top 75 employer in the 2020 Social
KPMG UK remains a strong performer for social mobility, ranking third in the Social Mobility Employer Index 2020. This year’s position sees the firm hold a top-3 ranking for the fourth consecutive year.
The Index was created by the Social Mobility Foundation in 2017 and ranks UK’s employers on the action they take to ensure they are open to and progressing talent from all backgrounds. It highlights the employers who are doing the most to change how they find, recruit, and advance talented employees from different social class backgrounds.
Employers were assessed across seven key areas, with these being their work with young people, routes into the company, how they attract talent, recruitment and selection, data collection, progression, experienced hires, and advocacy.
Commenting on the news, Kevin Hogarth, UK head of people at KPMG, said:
“KPMG has taken a leading role on social mobility for a number of years, believing it to be not merely a matter of fairness but an economic necessity – and that necessity has by no means diminished in the face of COVID-19.
“The firm is very committed to widening access to the profession. Having recently hired over 600 graduates and over 200 apprentices, we are clearly in a position to make a difference to the lives of many young people.
“The firm also looks closely at socio-economic background, including whether its people attended a non-selective state school or were the first generation in their family to attend university. Only with this data can we truly measure and make progress.”
Sarah Atkinson, chief executive of the Social Mobility Foundation, said:
“I am delighted that KPMG committed to entering the Index this year despite the challenges businesses have faced in the wake of the pandemic. Now more than ever, we need to see businesses play their part in the levelling up agenda.”
The Rt. Hon. Alan Milburn, chair of the Social Mobility Foundation, added:
“As the Covid-19 crisis continues and the UK descends into a sharp recession, more will need to be done to avoid a job catastrophe, for young people particularly. Already 60% of the jobs that have been lost since the pandemic began have been among 18-24 year-olds.
“I urge those sectors of our economy that are not represented in this year’s Index to participate in 2021 and commit to joining the ranks of those employers who are already making such a difference to young people’s life chances.”
Notes to editors
For additional details, please contact:
Simon Wilson, KPMG Corporate Communications:
T: 0207 311 6651 / 07785 373397
KPMG Media Relations: +44 (0)207 694 8773
Antony Haddley, Communications Manager, Social Mobility Foundation
T: 0203 778 0520
About the Social Mobility Employer Index
The Social Mobility Foundation’s Employer Index was established in 2017 to encourage firms to become more accessible to individuals from lower socioeconomic backgrounds. The methodology was developed in collaboration with the Bridge Group, a non-profit consultancy that uses research to promote social equality.
The Index is comprised of two elements, questions directed at employers, and an employee survey, which was introduced in 2018. The former assesses employers work across seven areas: their work with young people, routes into the employer, the attraction of staff, recruitment and selection, data collection, progression of staff and experienced hires and advocacy. The latter is to add qualitative insights and contextualise the data provided in submissions. Employers are then benchmarked against one another based on the results.
In 2020, questions asked to employers and employees remained the same to give employers consistency. Since 2017 a few questions have been tweaked, and additional questions added around culture and intersectionality. For crucial questions, organisations are asked for several years of data to monitor the impact of the changes that organisations have been implementing.
Index submissions are considered and marked against the latest empirical evidence of what interventions effectively advance social equality in the UK workplace. Our approach is rigorous and ensures a fair process, recognising that different sectors and individual businesses do things differently. This includes:
a. Identifying a broad range of questions that interrogate the various ways in which employers can contribute to social equality.
b. Weighting responses based on the evidence that some areas have more impact on social equality relative to others. For example, there is substantial evidence that providing work experience placements for young people is more impactful than general outreach; and that some approaches to recruitment lead to more equal outcomes compared to others.
c. Weighting whole sections of the marking scheme based on where maximum impact can be delivered. Within each section, every organisation is then categorised within a decile, so that modest differences in scoring do not then significantly affect the overall ranking.
d. Recognising that not all organisations will score marks for each question. For example, they may not have formal graduate recruitment programmes because of their size. Therefore, organisations are ranked based on the percentage of available marks they have achieved.
Please note that data is presented in the report as a percentage of the overall submissions, unless otherwise stated, and therefore where percentages have fallen between 2020 and 2019, this is amongst a smaller number of entrants (119 in 2020 vs 125 in 2019). The employers included in the 2020 Index employ 973,735 people.
For further information about the Index, please visit http://www.socialmobility.org.uk/index/
About the Social Mobility Foundation
The Social Mobility Foundation (SMF) is a charity that aims to make practical improvements in social mobility for young people from low-income backgrounds both through programme work and through its advocacy and campaigning arm, the Department for Opportunities (DO).
It runs free of charge programmes of mentoring, internships, university application support (including trips to universities and help with personal statements, aptitude tests and interviews) and career and skills workshops to support young people through their sixth-form and university years.
Currently taking on a new cohort of over 2000 young people every year, the SMF has offices in Birmingham, Cardiff, Glasgow, Liverpool, London, Manchester and Newcastle and runs programmes for young people from the Isle of Wight to the Western Isles of Scotland across 11 career sectors (Accountancy, Architecture, Banking & Finance, Biology & Chemistry, Business, Engineering & Physics, Law, Media & Communications, Medicine, Politics, and Digital).
KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff. The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019.
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
© 2022 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.