![]() Moritz, who has been with PwC for 24 years and previously served as the US chair before taking the global role in July 2016, said the discussion for adapting its workforce for a rapidly changing environment began about five years ago. The $3 billion will be split among four sections: the investment required for taking employees away from clients and putting them in classrooms, the further development of digital training tools, the deployment of employees to community projects that spread the same techniques, and leveraging existing partnerships with the United Nations and World Economic Forum to help adapt the training to each of their markets around the world. But I can guarantee you you're going to have employment here." I can't guarantee you the specific job that you have or want to have. "If you opt in, OK, we will not leave you behind. You lose competitive edge and brand if you don't."Ī large training announcement is intrinsically linked with the fear of job upheaval and loss, but Mortiz said that PwC was willing to make a bold agreement with PwC employees who engage with the upskilling initiative. "I think it's a necessity because the world's moving so fast. ![]() Moritz cited a PwC study that found 30% of all jobs are at risk of being automated by the mid-2030s, and PwC's workforce is subject to those forces, as much as anyone else. The noted the investment is larger than Amazon's $700 million by 2025 for 100,000 employees, and Accenture's $1 billion annually for 482,000 employees. "We've got to be a talent magnet," Moritz told Business Insider on Monday, and that's why the investment, called "New World, New Skills," will be at the forefront of recruitment pitches. That amounts to $3,636-$2,727 per employee annually, depending on the final timeline. PwC just had a year of what its global chairman Bob Moritz called record growth, and the professional services firm paired that announcement with news that it will be investing $3 billion into job training for all of its 275,000 employees over the next 3-4 years.
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