Working > Benefits and programs >> Recognition and rewards

Recognition and rewards

It takes extraordinary people to make an extraordinary firm like PwC. We offer the opportunity for our people to grow their careers while working on exciting assignments with outstanding clients alongside the brightest minds in our profession. Our environment is stimulating, collegial, and provides our people the foundation for a lifetime of opportunity.

For us to deliver quality service and value to our clients—what we call the PwC Experience—we need our people to have a similar experience here at the firm. Part of that experience is recognizing and rewarding staff performance in innovative and competitive ways. Career satisfaction is focused on more than money—it’s also about having great client opportunities, learning and developing, building relationships, and being recognized for your accomplishments. But most of all, it’s about feeling supported as you strive to achieve your own goals and grow your career.

We recently implemented innovative and inspiring ways to reward our people and we've changed the way we talk with our people about pay. We think you'll find our rewards strategy and our other benefits rather exciting. PwC’s innovative rewards strategy includes the following for eligible professionals:

Transparency around compensation and earnings potential

We provide information around how compensation is determined, who we compare ourselves against in the market, and how we use reliable salary data to make compensation decisions. We share individual salary ranges with our staff and talk about where each staff fits within that range and why. We discuss and provide details on what our staff's earning potential can be over the course of a career at PwC.

Recognition of contributions with an enhanced and transparent performance bonus plan

Our performance bonus plan is based on firm, line of service, and individual performance. We provide quarterly updates on business progress against goals and how that progress will affect the bonus pool. We provide staff with more predictability on individual bonuses, while distinguishing our high performers.

Recognition of career achievement and commitment through milestone awards

We recognize our people as their careers progress for their contributions,and loyalty by milestone awards. Through these awards, we celebrate success and achievements with extraordinary opportunities for personal and professional growth and rewards. Each award has been specifically tailored to suit the milestone it celebrates, and takes into consideration what people may value most at that phase of their career:

  • New Experienced Associate title: To recognize the significant learning and experience our first year staff gain, we created a new title that recognizes this distinction and the increased responsibilities Associates take on in their second year.
  • Promotion to senior associate: All new seniors attend a unique week-long Leadership Development Experience that will help them develop personal leadership skills, build their network, and focus on their future, both personally and professionally.
  • Promotion to manager: New managers receive an additional monetary award, over and above the normal year-end award, of their first year's base salary. This bonus recognizes the contributions our new managers make over their career, and their potential for further contributions in the years to come.
  • Promotion to senior manager/director: Upon promotion to senior manager/director, we award a four-week sabbatical, enabling our people to use the time as they desire. We expect that sabbaticals will be used as time off to do many different things: spend time with family and friends; get involved with charities; or develop skills that will help them further meet their career goals.

Enhanced developmental and career planning

Our partners and coaches have robust, focused developmental conversations with their people. These conversations include discussions around your potential for growth, the experiences you want to obtain, how you define success, and how we can work together to help you achieve it.

Enhanced work/life flexibility

We challenge ourselves to increase work/life flexibility and to help our people achieve what they want want in their work and personal life. One way we do this is by continuing to assess opportunities for firmwide extended holidays. For example, this past July 4th weekend, we announced an additional day off recognizing that firmwide breaks are consistently hailed as the best way to "shut down" and relax.