Representational picture of PriceWaterhouseCoopers workplace in Mumbai
| Photo Credit: Reuters
PwC India on Monday stated it might invest over ₹600 crore in the next three years in direction of the holistic progress, development and well-being of its staff in the nation.
The previous three years have had a dramatic impact on people, and because of this, people had been now reassessing what they need to do and the way they need to work, the consulting agency stated in a press release.
Appreciating this elementary workforce shift, the agency stated it might invest ₹600 crore by its new People Experience Framework, the place its people would have the opportunity to expertise infinite alternatives.
Sanjeev Krishan, chairperson, PwC in India, “Our new People Experience Framework will deliver in an elevated emphasis on progress and development, customised rewards, advantages and well-being which might be stitched into our every day experiences, and the place we now have the pliability to assist our people as their lives and desires shift over time.’‘
“PwC was wanting to enable limitless possibilities and infinite experiences for its people and the firm was in the process of facilitating ease of working for its people by creating an enabling ecosystem that invests in digital and technology to simplify how people experience processes,” he added.
The new people framework will enable employees to gain access to personalised opportunities that allow them to live their lives how they want to, including meeting the needs of their families, and finding work that aligned with their purpose and values, according to PwC.
PwC India has also announced a non-residential executive MBA programme for regular full-time employees up to the Director level, wherein the firm will sponsor 75% of the course fees for employees (up to ₹10 lakh per person). In addition to this, sponsorship of self-initiated learning certifications has been increased to ₹1 lakh from ₹30,000 earlier, as per the firm.
The firm has announced an increase in medical coverage for every employee, their spouse and two children to ₹20 lakhs, up from ₹5 lakh.
Apart from this, a Recharge and Rejuvenate policy has been introduced so that each employee is entitled to a minimum downtime of 10 days in a year. Paternity leaves have also been enhanced to 30 days from a fortnight.
PwC India also initiated a special celebratory gift for its employees to commemorate the 150 years of existence of its member firms in India, and ₹150 crore has been set aside for this payout.
Padmaja Alaganandan, Chief People Officer, PwC India said: “Our people are at the core of everything we do as a firm. Just as we are relentlessly client-focused, we will continue to invest in our people.’‘
