Diversity of Pricewaterhousecooper

Topics: Disability, Culture, Business Pages: 5 (1394 words) Published: July 27, 2013
Workforce Diversity of PricewaterhouseCooper

Background:
PricewaterhouseCooper(PwC) is a multinational professional service company headquartered in London, United Kingdom. It is the world’s largest professional service firm and the largest of the “Big four” accountancy firm measured by 2012 revenue.    Operation within 776 cities across 158 countries, PwC is not only a well-diversified multinational corporation in terms of geographic location, but also in it’s workplace.    According to the article “ War for talent”, pwc believe that managing diversity effectively has many payoffs that go beyond attracting, Leveraging and retaining talent and research by herring supports the positive impact of diversity on organizational success. In fact, PwC conducts several initiatives in terms of gender, minority, disability and GLBT, and Pwc ranked 2nd place among 893 companies according to DiversityInc.com in terms of diversity.    According to DiversityInc, a survey now its 14th year, leads to a detailed empirically driven ranking based on four key areas of diversity management: CEO commitment: accountability for result, personal communications visibility Human capital: five levels of management, promotions in and into management Corporation and organizational communications: mentoring, resource groups, philanthropy, consistency/effectiveness of diversity-management initiatives. Supplier diversity: spend with M/Web companies, as well as companies owned by LGBT people .people with disabilities veterans.    Diversity leads to success

   The reason that pwc ranked in the 2nd place is that PwC continues to set the bar for diversity-management excellence. The firm always looking forward to increase recruitment and advancement of talent from ALL groups. PwC also has a innovate business solution of diverse workforce. Diversity starts from the top CEO. Bob Moritz, CEO of PwC, meets with resource groups four times a year and holds partners and executives responsible for meeting D&I(diversity and inclusion)goals. A chief diversity officer with 2-3 year rotation is also appointed by him, report directly to him.    The top three level management also participate in diversity, PwC is a national and global leader in work/life flexibility. It has nine resources group the help strength firm’s internal and external effort to communicate its inclusive culture. Half of its donation goes to multicultural nonprofit organization, including INROADS. Ascend, the National Association of Black Accountants and ALPFA.    ‘Diversity and inclusiveness are essential to long-term business success, In our global economy, organizations that recognize the value of differences are poised to seize competitive advantages. That’s why we continues to invest in diversity at PwC- our inclusive culture creates value for our all of our stakeholders.” Bob Mortiz states.    It is true that diversity lead PwC to its competitive advantage, and eventfully recognized as one of the most diversified company in terms of the workplace.    

   
Gender initiatives:
Women face difference challenges, especial true for women who are building a career path while raising a family. PwC encourage flexibility of career path paths. The firm is committed to retaining and developing women for leadership roles, on average 50% of their new hires are women, and they are continues to increase the number of women in their partnership. Actually the company provide women’s networking circles, professional development programs and webcasts just for women to their advancement.    PwC also believe their employees can be both great parent and a great professionals. Firm has already invested significant amount of money, including Best-in class paid parental leave

Childcare discounts
Mentor Moms, a program that connects new mothers with experienced PwC moms. Those program can help both moms and dads to archive their professional goals while taking good care of their babies. PwC cares...
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