Large 4 agency PricewaterhouseCoopers introduced My+, a brand new three-year, $2.four billion program to overtake workers’ advantages {and professional} expertise, on Friday.
The transfer would put together PwC for a “future the place our individuals make customer-like decisions, supported by consumer-grade expertise, to construct a customized expertise at each stage of their profession, with the flexibility to repeatedly make changes as their lives evolve,” based on the agency.
“The pandemic has modified the desires and wishes of our individuals — and we wish to meet them the place they’re,” Kathryn Kaminsky, vice chair and belief options co-leader at PwC US, advised Accounting Immediately. “We’re reimagining a future that has personalization, that places our individuals’s particular person wants and well-being entrance and middle by making the biggest funding an expert providers agency to this point has made in its individuals, all supported by easy-to-use expertise. They’ll broaden how flexibly they work — selecting when, the place and the way they work. And our individuals can deal with improvement and upskilling by way of alternatives to develop, observe and study new abilities and work on completely different groups & assignments.”
Different companies adopted go well with because of the pandemic: KPMG introduced a string of adjustments in late 2021, in addition to a $160M enhance in salaries earlier this yr. Grant Thornton additionally introduced versatile work advantages
“We will’t count on every little thing to return to the way it was earlier than the pandemic,” added Kaminsky. “It’s clear individuals’s mindsets have modified and so ought to their employers. We all know our individuals need an expertise that matches what they worth and what makes them joyful. They advised us that they need extra alternative and extra flexibility. They need it in a approach that’s personalised to their wants and pursuits. My+ is rooted in that suggestions.”
“There was a elementary shift within the relationship between workers and employers,” mentioned Yolanda Seals-Coffield, deputy individuals chief at PwC, in an announcement. “We will’t sustainably compete on compensation and advantages alone. We should take daring motion — to offer a customized profession expertise, based mostly on alternative, that engages our individuals to remain longer and conjures up prime expertise to affix us — together with creating enterprise professionals to guide our groups and serve our shoppers.”
The My+ program is constructed on 4 primary areas. These 4 areas are:
- Properly-being: Continued choices for about 40,000 PwC consumer service professionals to decide on “the place, when and the way a lot they work.” Choices embody absolutely in-person, digital and hybrid roles, and/or expanded choices for lowered schedules, paid leaves of absence and the potential to work from anyplace, even internationally. Employees will obtain a pair of week-long firmwide shutdowns every year within the U.S. in July and December.
- Complete rewards: Custom-made, simply accessed advantages and perks for “each stage of [staff’s] life and profession, and a customized platform to assist individuals establish advantages, discover suppliers, handle prices and have entry to one-on-one help. PwC will even frequently overview salaries and make base compensation changes, if acceptable. The agency will even broaden parental go away for all dad and mom from eight to 12 weeks and double the variety of free visits with a psychological well being skilled from six to 12 yearly. The agency will even enhance the reimbursement quantity for out-of-network psychological well being help from 70% to 90%.
- Improvement: PwC will launch a “simplified, tech-enabled, personalised studying platform” for contemporary ability set constructing. Agency leaders will even make the most of workforce suggestions to raised perceive what’s working and what’s not for its employees.
- All the time a PwCer: The agency will assist employees members pursue profession paths that help “well-being, improvement, sense of objective and ambitions … whether or not that’s inside or outdoors our agency.”
“The longer term requires flexibility, alternative and a willingness for organizations to repeatedly innovate and evolve,” added Kaminsky. “Which means making a tradition the place your workers have customer-like decisions to design a profession tailor-made for them. We’re a individuals enterprise. Folks serving individuals. And that is designed to rethink the work expertise in our occupation. It’s designed to draw and hold our expertise. These are the individuals who drive our agency! These are the individuals who serve our shoppers and assist us develop.”
Extra data on My+ is on the market in a right here.from Tim Ryan, PwC US chair and senior partnerhere.