KPMG spent $450M to build the sprawling 55-acre KPMG Lakehouse location complex. “And that’s exactly what we did.” KPMG Lakehouse: A Cultural Homeĭesigning and building this “cultural home” was a big risk. “We wanted to build one personalized training location-a cultural home-for our employees,” states David Turner, KPMG’s Chief Financial Officer. That cold, corporate, soulless feeling was to be avoided at all costs. It’s a perfect “spill-over” companion to the innovative consultant training model.īesides having a place where they can gather to learn, collaborate and innovate, it was essential that each learner felt part of a larger family: the KPMG family. Dialing client relations up a notch, the Center provides a place for professionals to meet with clients to explore potential disruptors, new business models and breakthrough solutions. One way KPMG Lakehouse is channeling those new ideas is through the creation of KPMG Lakehouse’s Ignition Center. “Our aim is to create an environment that goes beyond training to actively explore new ideas.” “We’re putting the learner at the center of our KPMG Lakehouse location,” said KPMG’s Chief Learning Officer, Corey Munoz in an interview with Accounting Today. $2050 Add to cart KPMG Lakehouse Training: Learner-Led at Lake NonaĪt the core of the KPMG Lakehouse training paradigm is a “learner-centric” experience. During 2020, KPMG plans to deliver more than 1M hours of in-person professional development to 800 of its professionals each week. Today, drawing on advanced technology and a learning model that moves beyond classroom lectures, KPMG Lakehouse Orlando has become that new paradigm. What was clearly needed was a centralized, “one-stop” training center that encouraged interaction, collaboration and discovery. A final drawback to having a decentralized training model is that it’s less likely that an intern or first-year consultant will ever feel part of “something bigger.” This can be both demoralizing and disincentivizing.Īll of these factors created the need for a new paradigm in professional development. Outside of the office, such valuable learning opportunities rarely exist. Then, there was the lack of access to “higher-ups.” Inside the office, such attempts at brain-picking might be construed as brown-nosing … or even harassment. Also missing was the lack of accessibility to potential mentors as well as a wider span of networking opportunities and sharing of ideas. Understandably, however, it tended to differ in quality from location to location. Overall, KPMG’s professional development program has always been touted as good-to-excellent. It wasn’t just the time-robbing travel hours and related logistics of hopping around the country. Prior to the KPMG Lakehouse opening, the company’s training model was less than ideal. It was a “no-brainer” for KPMG to put that annual expenditure towards building its own facility.īut it wasn’t just a practical, bottom-line decision to centralize KPMG’s training efforts. In addition, holding workshops in different locations necessitated repeat spending for new signage, tech set-up, and other logistical details. A total of $100M annually was being spent on hotel expenses for employee training sessions across the US. KPMG Lakehouse began as both a visionary idea, and a cost-cutting measure.Ĭost-cutting, it seemed, became a necessity. Inaugurated in January 2020, KPMG Lakehouse Orlando serves as a professional development and innovation hub for the firm’s 32,000 US-based employees and partners. KPMG Lakehouse: The Who, the What, and the Why It’s worth examining this new paradigm-and how the firm’s new training model could benefit you as you consider your various consulting career options. With the recent opening of KPMG Lakehouse Orlando, it’s safe to say that the “training game” has radically changed for KPMG. Waiting for hours inside airports is a blast, too … it’s exactly how I love to spend my time.” It’s especially enjoyable when combined with stays at ‘Hotel Ho Hum’ after endless traveling to and from those training sessions. Prior to the launch of the KPMG Lakehouse training center in Orlando, Florida, you’d never hear a KPMG consultant saying, “I really love corporate training. KPMG Lakehouse is changing the training game.
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