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No it's more like PwC's old model where raises and bonuses come from your rating and performance
KPMG bonuses are based on your net utilization, which excludes PTO and training. You won't be penalized for taking days off essentially. The resulting number fits into one of three tiers and your utilization is measured against your peers for bonuses. Raises are a little more ambiguous- they got rid of the 1-5 rating scale 2 years ago or so.