PwC communicates with transparency about the competitiveness of an employee’s salary, how pay is set, and what the potential career earning opportunities are for each individual. PwC strives to provide employees with a competitive package that surpasses what direct competitors offer through a combination of: salary, bonus opportunities, milestone and recognition awards, non-monetary awards, and health and financial benefits. This balanced approach results in a compensation program that delivers value with depth to meet the needs of the employee and the firm.
As part of our commitment to communicating with transparency around our compensation initiatives, PwC provides tools to put context around our compensation levels at various stages of any employee’s career, as well as external pay competitiveness. Quarterly financial updates provide employees with greater visibility into the linkage between pay and performance, and allow them to track their progress toward annual performance bonus targets.
In 2011, PwC established Career Milestone Awards, which recognize employees’ sustained efforts and contributions at various stages of their careers. These Milestone Awards include a unique leadership development experience for new senior associates, a significant financial bonus for new managers over and above their annual incentive compensation, and a paid sabbatical leave of up to four weeks for new senior managers and directors.
Additional award opportunities include: