PwC has been recognised by ALM Intelligence as the outright global leader for Compensation Consulting in its latest report, released in March 2018. PwC was rated as having the strongest depth and breadth of global consulting capabilities, of all the 25 firms assessed.
Laura Becker, analyst at ALM Intelligence and author of the report, highlighted that: “PwC places significant emphasis on clients’ needs in a complex market where compensation strategies are increasingly shaped by global forces. The firm’s go-to-market strategy emphasizes one leadership team within its People and Organization practice, focusing on people strategy through organizational execution underpinned by HR technologies, and people analytics and insights.”
The report names PwC as the best in class provider for needs assessment as the firm views compensation consulting as a “workflow strategy” rather than just a “people strategy” ensuring that each process in an organisation is aligned to business goals and to address global trends surrounding compensation. It is also named the best in class provider for strategy as its approach to compensation philosophy and strategy design is informed by academic research on market trends, such as the firm’s annual CEO survey and the Workforce of the Future study.
Scott Olsen, PwC’s global leader for Reward consulting commented: “Whether due to market trends, the changing tax landscape, regulation, legal requirements, or process improvements, compensation consulting is becoming more complex with organisations needing global solutions to local problems. Companies want practical, data driven strategies and tools rather than a purely holistic approach to developing reward, one that is aligned to their wider business strategies. Being recognised by ALM as the outright global leader for compensation consulting highlights our breadth and depth of capabilities within the practise, and shows our ongoing commitment and investment in this area. In turn, our ability to support every aspect of compensation consulting creates additional value to our clients.”
Laura Becker from ALM Intelligence and author of the report, added: “With all of PwC’s tools and analytics as well as its business transformation process (BXT) through the firm’s Experience Centers, PwC is a leader is helping clients to evolve their compensation management operating model strategy to a level of maturity where carefully designed governance frameworks bridge the gap between compensation strategy and the practicalities of implementation.”
Key findings from the report:
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