Question: Hello.. I want a clear answer that is not on the site Paul Knopp, Chair and CEO, KPMG US, a financial consulting firm in New

Hello.. I want a clear answer that is not on the site
Paul Knopp, Chair and CEO, KPMG US, a financial consulting firm in New York We announced a new package of enhancements to our benefits and compensation tied to mental, physical, social, and financial well-being. These increases are the biggest in the history of the company. You must make sure your base compensation meets the market, but you also must have attractive benefits. For example, we cut healthcare premiums by 10% for 2022 with no change in benefit levels, introducing healthcare advocacy services. We are replacing our current 401(k) match and pension programs with a single, automatic company-funded contribution within the plan equal to 6% to 8% of eligible pay. As part of this, we are focusing on the crucial element of ensuring that employees know you are watching out for them. They also are looking for flexibility-you do not want to under-index how important that is. So, we also are providing up to three weeks of additional caregiver leave, separate from PTO. Moreover, all parents will receive 12 weeks (about 3 months) of paid parental leave and disability leave for employees who give birth, allowing some up to 22 weeks (about 5 months) of paid leave. We also have expanded our holiday calendar to now include Juneteenth. Apply the establishing pay rates steps in KPMG and set up proper employee compensation. ( 5 marks for steps in establishing pay rates and 5 marks for the discussion of the situation) (10 Marks)Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
