Higher Education Loans Board (HELB) is awarding PwC Kenya for being the highest remitter of HELB loans deductions in the Consultancy Services sector. This comes at a time when PwC has just recruited 59 graduates though its annual 2011 Graduate Recruitment programme.
Kuria Muchiru, Country Senior Partner, PwC Kenya says “We are honoured to be recognised by HELB, an organisation that makes it possible for thousands of young people to pursue their university education. There are clear benefits to working with government and education systems. As we realised in our 2010 CEO survey, CEOs in Kenya are saying that fostering a skilled workforce is helping them to improve national competitiveness”.
HELB has reported that the loan disbursement to students has grown from 40,000 in 2001/2002 to 75,000 students in 2010/2011 and the recoveries have increased from KSHS 549 Million in the 2001/2002 financial year to KSHS 2.3 Billion in 2010/2011.
Kuria continues “PwC is a direct beneficiary of this investment as we go back to universities every year to recruit students who have excelled in their studies”.
Every year PwC embarks on one of the most critical calendar events for the firm, a recruitment drive in all the universities in Kenya to get the best and the brightest talent. PwC uses an online application process – e-recruit – that enables applicants from all over the country to apply. This year more than 6000 graduates applied to join the firm.
Kuria says “This year in response to the demands from the market and the need for us to build our capacity, we have recruited almost 59 graduates alongside several other experienced hires. Our people are our main asset. We give our people opportunities, opening them up to experiences in different industries and even countries”.
In the PwC 2010 CEO survey, CEOs ranked talent as one of their priorities. 87% of CEOs in Kenya believe the main challenge to talent over the next few years will be competitors recruiting their best people, much higher than the average for Africa (68%) and global respondents (52%) who expressed concern about this challenge. The next most pressing challenge is a limited supply of candidates with the right skills, among 65% of CEOs in Kenya.
Earlier in the year PwC global Chairman, Dennis Nally, announced its US$100 million investment which will be staggered over the next three years and spread across key markets in Africa – including Kenya. Part of this investment is targeted towards recruitment with a focus on developing deeper industry expertise in relevant markets across Africa. Kenya is an important hub – both because of the availability of skills and the number of clients who have regional headquarters here.
PwC recruits graduates every year through its graduate recruitment programme. This is open to students from different disciplines with a minimum of 2nd Upper Class honours and possibility of pursuing a professional certification in different areas. The applicants go through a rigorous recruitment process right from aptitude and writing tests and face to face interviews. Once they are on board they are taken through an intensive training programme and join one of the service offerings – Assurance, Tax, Advisory and Internal Firm Services.