PwC announces ‘New Equation’ strategy to create 100,000 jobs

U.K based-PricewaterhouseCoopers or PwC has announced a new global strategy-The New Equation, which will see the company spend nearly USD 12 billion over a span of five years to create nearly 100,000 job roles across 155 of its territory firms in regards to fundamental changes worldwide, such as technological disruptions and climate change.

According to Bob Moritz, Global Chairman, PwC, constant changes in the world has led to a need for organizations to keep up in order to create a circle of trust and offering sustained outcomes. By introducing a combination of quality, the company will help unlock value for shareholders, and the society, Bob added.

Notably, the strategy highlights a USD 3 billion commitment that aims at enhancing PwC’s services in the APAC region along with expanding the size of the firm’s operation in the region by 2026.

In line with above, as a part of the Asia-Pacific investment, PwC will establish an APAC institute to support ‘trust building’ efforts across the region coupled with leadership and talent development programs. The entity is also focusing on scaling up its digital transformation, ESG, and supporting M&A.

Reportedly, PwC’s new global strategy outlines certain commitments to improve its workings in Australia. As per the plan, PwC will aim at capturing market opportunities at a large scale along with reshaping its delivery models in the industry.

Tom Seymour, CEO, PwC Australia, was quoted stating that the company is working towards introducing the best of its people to offer sustained outcomes for their society and business while prioritizing the trust of customers.

Tom also mentioned that the New Equation strategy has been proposed in response to a world that is establishing trust and is a critical supporter of digital transformation and change in delivering outcomes.

Mr. Seymour also hinted at the establishment of PwC’s Skilled Services center in Adelaide to fulfill its commitment to the industry and that it aim at boosting its cyber security technology to meet escalating demands.

Source Credit: https://www.accountantsdaily.com.au/business/15815-pwc-to-invest-12-billion-on-new-jobs-under-new-global-strategy