Topic > KPMG: Four Functional Areas of Human Resource Management

“KPMG International operates as a network of member firms offering audit, tax and consulting services. We work closely with our clients, helping them mitigate risks and seize opportunities.” (REFERENCE HERE) Klynveld, Peat, Marwick and Goerdeler joined together to form KPMG in 1987. This report will cover four functional areas of human resource management within the organization: recruitment and selection, training and development, performance management and compensation . Recruitment and Selection Recruitment and selection is the process of seeking and attracting candidates with similar skills to fill a position and selecting among the candidates to choose the best possible candidate (REFERENCE HERE). There are numerous stages in this process, from attracting candidates for CPA recruiting, to narrowing the pool through interviews, testing and reviewing resumes, to finally selecting the ideal candidate. There are numerous recruiting methods, from internal and external job postings to career recruiting. fairs and other events. Although KPMG uses various recruiting strategies, the primary method of recruiting for entry-level positions is through campus visits. KPMG focuses on recruiting a young workforce, made up of cooperative students and recent graduates. They spend time on campuses through guest lecturers, career fairs and information sessions. These events offer KPMG a high level of visibility not only to graduating students, but also to undergraduate students who may be investigating future job prospects. The main reason KPMG focuses on campus hiring is that, in their own words, they sell skills. They have employees who came straight from campus, worked their way up, and earned the designation, which in turn… middle of paper… a way to make sure everyone understands the company's strategic goals, and that everyone is on the same page about policies and their place within them. After the initial training regime and employees feel comfortable within the firm, KPMG continues to invest in its staff through ongoing training. Technical training is the accounting firm's primary focus, as an estimated 75% of its employees are working towards positions as CPAs. Since the focus is heavily on technical training, they try to integrate leadership training and other interpersonal skills into the programs at the same time. For example, organize dinners and group activities that focus on developing networking and teamwork skills. However, management-level programs generally involve exclusively business and leadership skills, with little attention to the technical side.