Faculty newsletter

December 2016

Dear Educator,

Happy Holidays! As finals wrap up and the year comes to an end, we hope you have a chance to enjoy this time with family and friends.

In this edition, we want to highlight our commitment to diversity and inclusion with our Blindspots training. This month, we celebrate 5 years of flexibility and are pleased to be named a top workplace for diversity by Fortune, a Military Friendly Gold winner, and a best place to work by Ad Age. We also share more post-election analysis, Q4 Accounting & Reporting developments, as well as resources on paying taxes in 2017, gender pay inequality, the Global Innovation study and more.

Blindspots Training

As you heard in the December 8th email from Tim Ryan  and Mike Fenlon, at PwC,we are committed to offering growth opportunities that allow our people to become well-rounded PwC Professionals.

Blindspots” are something we all possess, however if we recognize them, we can manage them and begin to neutralize their effect. Because we believe that acknowledging these unconscious biases is so important to the development of our people, all PwC staff seeking a promotion will be required to complete Blindspots training in order to take the next step in their careers at our firm. By linking this learning opportunity to promotion, we are sending a strong message to our people that managing their unconscious bias is a critical part of their leadership development. All PwC new hires will also be required to complete Blindspots training within their first six months at the firm.

Blindspots learning opportunities for students

We are now developing a version of our unconscious bias training that you can share with your students – either as part of a workshop or an independent study.  We look forward to sharing the e-learn with you when it is ready. 

We’re celebrating PwC flexibility the 5 year anniversary!

This month, we are celebrating our 5 year anniversary of PwC Flexibility! People are most successful when they have the everyday flexibility they need to meet the demands of their professional life and accomplish the things they identify as priorities outside of their career.

Our goal is to create a flexible work environment where we can respond in the most agile way to the demands of a client service business while providing our employees with control and influence over their own quality of life. Hear from Anne Donovan about the beauty of a flexible environment here and watch the video on our flexible work  environment here. To learn more about PwC flexibility, click here.

PwC Named one of Fortune’s Best Workplaces for Diversity

In an increasingly global and multicultural world, diversity in business has never been more important. But not every company gets it right. To compile this list of the ones that do, Fortune partner Great Place to Work parsed survey responses from 448,456 employees on questions of workplace fairness, morale, and inclusion. The result is a list of companies with rave reviews from their minority, LGBT, and female staff. Plus, this year we added new lists of the top 10 U.S. workplaces for African-­Americans, Asian-Americans, and Latinos. To see the full list, click here. To learn about our Diversity & Inclusion initiatives, click here.

PwC named a 2017 Military Friendly Gold Employer Award Winner

New for 2017, our Military Friendly® Awards provide a more competitive view of how an organization is performing compared with similar organizations. While we are announcing Military Friendly® designation recipients on November 3, we will announce award winners in early-December.

Both designation recipients and award recipients will be published on militaryfriendly.com and in the yearly print guide, with the appropriate Military Friendly® seal(s). To learn more, click here, and to see the list, click here. To learn more about our military and veteran initiatives, click here.

PwC’s Digital Service Center Honored as one of Age’s Best Places to Work 2016

The 2016 Best Places to Work list is a joint effort of Advertising Age and Best Companies Group. The latter is dedicated to establishing programs to identify and recognize workplaces that nurture a superior level of employee satisfaction and engagement. Companies from across the United States participated in the two-part survey process to determine Ad Age's Best Places to Work. Any agency, ad tech, media company or marketing division of a brand that's been in business for more than one year with more than 15 full-time employees was eligible. Public, private, for-profit and not-for-profit businesses could all participate. The list was determined by feedback from two surveys. The first garnered information about employer offerings, and the second was an employee survey to measure the workplace experience. The combined scores determined the top companies and the final ranking. To see the full rankings, click here.

PwC’s Coursera Courses

Share with your Students for the holiday break

Course one and Course two are now available on the Coursera platform and you can view the syllabus for each course using these links:  1) Data Driven Decision Making and 2) Problem Solving with Excel.   As instructors, you may find the materials useful for personal development.  You could also potentially identify portions of the courses which you could incorporate into your classes to help demonstrate concepts you are teaching. All course materials can be accessed at no charge when enrolling in the individual courses.  (Those enrolling in the specialization to include the capstone will pay a small fee and will receive a certificate of completion).   We hope you will agree this is a valuable resource. To access the press release about this collaboration, click here. To enroll in these courses today, click here.

Seeking Solid Ground During Uncertain Times - Tim Ryan

Transition. That word pretty much says it all. We are in the midst of a significant — possibly unprecedented — transition. Individuals and businesses around the country and around the globe are trying to make sense of an election that has surprised and emboldened so many. One small marker of the uncertain times was the large crowd that turned out yesterday for “The Next Four Years,” a symposium hosted by The Atlantic. In fact, interest was so high that the event was well over capacity.

The Atlantic assembled an impressive group of business and policy experts to assess the nascent Trump Presidency’s impact on crucial issues, including trade, healthcare, and tax reform. To continue reading from Tim Ryan, click here. To watch the Atlantic event video, click here.

Post-election analysis: How would President-elect Donald J. Trump's tax proposals affect the energy sector webcast - December 9, 2016

President-elect Trump has stated that one of his top priorities is comprehensive tax reform to significantly lower individual and business tax rates. President-elect Trump’s call for action on comprehensive tax reform is expected to receive strong consideration in Congress. In this recorded webcast, we discuss his plan and how his proposals may impact the energy sector. To watch the recorded webcast, click here.

Government Insights

The December 2 edition includes the following articles:

  • ISS and Glass Lewis issue 2017 proxy season voting guidelines
  • Global economic uncertainty is top of mind for directors in NACD survey
  • Investment firm GAMCO’s proxy access nomination is rejected

To see our December 2nd “Government Insights” as well as previous editions, click here.

The quarter close - Fourth quarter 2016

A look at this quarter's financial reporting issues

This edition of The quarter close focuses on timely accounting and reporting information that can help you prepare for year-end reporting. We start by spotlighting a video on non-GAAP measures.

The quarter close is just one way we help keep you up to speed on what you need to know each quarter. Whether you prefer the written word, audio webcasts and podcasts, or video clips, our offerings have you covered—all accessible from this page. To learn more, click here. To download the report, click here.

2016 Q4 Current Accounting and Reporting Developments

The quarterly webcast is designed to keep you informed about emerging accounting, regulatory, and market developments impacting financial reporting.

Please join us for this 90-minute webcast featuring insights from a broad range of PwC specialists who will update you on current technical topics and emerging issues that may impact your business. To watch the replay of the webcast, click here.

Paying Taxes 2017

In-depth analysis on tax systems in 190 economies

Paying Taxes 2017, now in its 11th edition, continues to be a unique report from PwC and the World Bank Group. It is the only piece of research which, by using a medium-sized domestic case study company, measures and assesses the ease of paying taxes across 190 economies. This year, for the first time, we look at two post-filing processes; obtaining a VAT refund and correcting a corporate income tax return and dealing with any corresponding tax audits. This publication also includes two articles which look beyond the case study. The first considers that while paying taxes is an important part of how companies contribute to society, companies may have more to offer. The second article looks at the rising importance of consumption taxes to governments and the challenges of creating effective and efficient VAT systems. To learn more, click here.

The reward of gender pay equity through the lens of data and analytics

What you need to know about gender pay equity

  • In 2016, women get paid 20% less than their male counterparts.
  • Women hold fewer leadership positions, accounting for less than 5% of Fortune 500 CEOs.
  • While progress has been made in gender equality over the past several decades, employers need to focus on this issue and ensure compliance with state laws and regulations.
  • Gender equality has proven to produce happier, more productive employees, which in turn results in more successful and profitable companies.

To learn more, click here. To download the report, click here.

Doing business in Asia Pacific 2016-17

Thriving in a slow-growth world

Economies on both sides of the Pacific have been among the greatest beneficiaries of trade openness. Today Asia Pacific CEOs are planning for a future where data is as valuable as low tariffs and attractive markets are the ones with deep talent pools and the right policy environment as well as growing customer demand. To learn more, click here. To see our 2016 APEC CEO Survey top findings, click here.

Global Innovation Study


Most of the world’s major innovators are in the midst of the same transformational journey.

They are moving into a new world in which R&D is shifting more and more to developing the software that enables and enhances the performance of their products, and on developing services they can sell along with the products, which provide customers with additional features and improved usability. To learn more, click here. To see the full report from Strategy & Business, click here.

Best Regards,

Julie Peters, US University Relations Leader

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