PwC India to Invest ₹600 Crore in People Development Over Next 3 Years

• ByStartupStory     |    April 17, 2023

PwC India announced plans to invest over ₹600 crore in the next three years towards the comprehensive growth, development, and well-being of its employees in the country. The consulting firm acknowledged the significant impact the past three years have had on individuals, leading to a reassessment of their career aspirations and work preferences. Through its new People Experience Framework, PwC India aims to provide its employees with infinite opportunities, with a focus on growth, development, tailored rewards and benefits, and well-being integrated into their daily experiences. The firm aims to offer flexibility and support to its employees as their lives and needs evolve over time, according to Sanjeev Krishan, Chairperson of PwC in India.

PwC is committed to providing limitless possibilities and infinite experiences for its employees, with a focus on creating an enabling ecosystem through digital and technology investments to simplify their experience of processes, according to Sanjeev Krishan, Chairperson of PwC in India. The new People Experience Framework will offer personalized opportunities for employees to align their work with their purpose and values, while also accommodating the needs of their families, allowing them to live their lives on their own terms, as stated by PwC.

 

PwC India has unveiled a range of employee-centric initiatives, including a non-residential executive MBA program for regular full-time employees up to the Director level. The firm will sponsor 75% of the course fees, up to ₹10 lakh per person. Additionally, the sponsorship for self-initiated learning certifications has been increased to ₹1 lakh from ₹30,000. PwC India has also raised the medical coverage for employees, their spouses, and two children to ₹20 lakhs from ₹5 lakhs. Furthermore, a Recharge and Rejuvenate policy has been introduced, granting employees a minimum of 10 days of downtime annually. Paternity leaves have also been extended to 30 days from a fortnight, demonstrating PwC India’s commitment to employee well-being and development.

As part of the celebration of 150 years of its member firms in India, PwC India has introduced a special celebratory gift for its employees, with ₹150 crore allocated for this purpose. Emphasizing the significance of its employees, Padmaja Alaganandan, Chief People Officer of PwC India, stated that the firm remains committed to investing in its people, considering them as the foundation of everything the firm does, and maintaining a relentless focus on client and employee satisfaction.

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