We hope you are all beginning to enjoy the signs of spring!
Our April edition opens with the exciting announcement of Tim Ryan as our new US Chairman. We are also pleased to be ranked as the #1 accounting firm as well as other recognitions by FORTUNE and DiversityInc. This month, we also share with you our Tax Case Studies. We also bring you resources on financial literacy in honor of Financial Literacy month. In addition, we include information on our Extraordinary Campaign, Risk, People Analytics, CEO Success, and more.
PwC US has selected Timothy F. Ryan as its new US chairman for a four-year term beginning on July 1, 2016.
Since 2013, Mr. Ryan has served as Vice Chairman and US Markets, Strategy and Stakeholders Leader, where he was responsible for the firm’s strategy function and stakeholder relationships including investor relations, regulatory affairs, public policy, corporate responsibility and human capital.
Prior to this role, Mr. Ryan led PwC’s US Assurance practice, where he oversaw all strategy and implementation of solutions that enhance the reliability of financial information shared between internal and external partners, investors and regulators. In addition, Mr. Ryan has led PwC’s US Financial Services practice and Consumer Finance Group. To read more, click here.
Experienced professionals look to Vault.com company rankings, ratings and reviews to get the inside scoop on what it’s really like to work in an industry, company or profession. Each year, Vault surveys those who work in the accounting industry to rate firms on quality of life (such as culture, satisfaction, work/life balance, and compensation) as well as overall prestige. The result is their annual list of the Vault Accounting 50.
Based on the input of 10,000 accounting professionals, PwC once again ranked #1 in the overall Accounting 50 this year as well as #1 in Prestige and #1 in Diversity. Accountants at peer firms told Vault that PwC is still the gold standard, the firm to beat, a good firm for large clients, highly thought of, top notch, and the best of the Big 4. This year, for the first time, Vault asked accountants to rate firms in three practice areas: tax accounting, forensic accounting, and audit and assurance. PwC ranked No. 1 in all three. Learn more about our rankings at vault.com.
PwC has been recognized at #12 on Fortune’s inaugural Best Workplaces for Flexibility list, which was released on March 29.
To compile its first-ever list of the Best Workplaces for Flexibility, Great Place to Work® selected companies by examining the availability of telecommuting, flex-time, compressed work week, job sharing and phased retirement programs, rewarding companies where employees access these programs the most. And, more importantly, they surveyed over 209,000 randomly-selected employees (3,000 at PwC) across nearly 600 organizations, asking them to describe the reality of their day-to-day work experience and to assess their company’s cultural support for flexibility and work-life balance. Read about PwC’s ranking, and view the full Best 50 list.
The results are in and PwC has ranked #5 on DiversityInc’s 2016 “Top 50 Companies for Diversity” list. In fact, this is the tenth time PwC has appeared in the Top 10. In addition, PwC has been in the Top 5 for the past six years, a combined record that no other company has equalled. PwC was also recognized by DiversityInc on specialty lists -- for recruitment (#4), mentoring (#5) and global diversity (#3). Read more here.
Our brand is defined by how we train and manage our people, what we do for our clients and communities, the company we keep and the messages we share through channels like advertising and thought leadership.
This week we launched the second iteration of our firm-wide ad campaign, “The right people to get the extraordinary done.” The campaign features case studies that focus on how we’re helping our clients and communities address their most pressing challenges and opportunities. To read the stories and learn more, click here.
We are pleased to highlight our PwC Tax Case Studies which include over 50 cases on a variety of topics. The cases provide students with realistic fact situations in which a number of tax problems and opportunities can be identified. The cases include prospective as well as completed business transactions, so that students can incorporate a certain amount of tax planning into their solutions. The case studies cover various topical areas, summarized in the index, typically encountered in a second university tax course, or in a business-school graduate tax program. To access more information, click here.
The wealth gap in the United States is threatening Americans’ aspirations for social advancement and equal opportunity. Minorities, women and the least educated have some of the lowest financial literacy rates in the nation, a major concern for businesses that see attracting a more diverse workforce as a business imperative.
Our nation’s educators are critical to help curb the gap in financial education. While the responsibility of financial education has traditionally been left to parents, K-12 educators increasingly view it as a shared responsibility that schools can and should take on, starting in the early grades. Educators see the value of teaching students to budget, prepare for the future, and become better financial decision makers. But, educators need more support to adequately teach these skills.
To read more, click here.
The 2016 edition of PwC’s Employee Financial Wellness Survey tracks the financial well-being of full-time employed U.S. adults nationwide. This year it incorporates the views of 1,600 full-time employed adults.
After several years of improvements, this year marks the first time we are seeing a downward slide in many of the key indicators of employee financial wellness. Overall, this year’s survey highlights just how fragile the situation is with regard to employees and their personal financial well-being.
We live in turbulent times. Companies across industries have faced an unprecedented confluence of risks. It's no wonder that in PwC’s 19th Annual Global CEO study, 66% of CEOs saw more threats to their business than opportunities.
To remain competitive, companies must pursue two parallel strategies:
1. Building agile and flexible risk management frameworks that can anticipate and prepare for the shifts that bring long-term success and
2. Building the resiliency that will enable those frameworks to mitigate risk events and keep the business moving toward its goals.
This connection between risk resiliency and risk agility is at the heart of this year’s Risk in Review: Going the distance study. As our study shows, today’s most forward-looking companies have both the solid infrastructure and processes to help them weather any storm, as well as the flexibility to move quickly to meet new opportunities. To learn more, click here.
What are the world’s largest companies looking for in their leaders?
Annually, Strategy& assesses what companies look for in their CEOs by analyzing the decisions companies make when it's time to choose a new leader.
In this year’s report, we take a special look at outsider CEOs and the circumstances in which they are being hired.
In addition, we have our annual analysis on CEO turnover, the 2015 incoming class of CEOs, and women CEOs.
To learn more, click here.
Data-based insights about your people can tell you a lot: which types of projects your employees are best at, which employees are likely to leave or stay, or how effectively teams work with their managers. And these people analytics can unlock data possibilities for better decisions in every function, from operations to sales to finance. Yet rarely is people data freed from HR walls—or taken from analysis to action. In an era of big data, the truly data-driven company should invest in using data about its biggest investment of all: its people. To learn more, click here. To download the report, click here.
PwC Launches The Experience Center to help Clients Accelerate Digital Innovation and Transformation
PwC announces the creation of a new global Experience Center to accelerate how the firm provides digital-centric services to clients. The Experience Center is the latest addition to PwC’s Digital Services.
PwC’s Experience Center is an ecosystem of talent, environment, and solutions, combining the best of agency and consultancy to help clients create next-generation experiences for customers, employees and partners. It features:
Talent: Over 3,000 experienced creative, digital business, and industry experts across the globe collaborating with each other to innovate future products, services, processes and businesses. Environment: Digital and physical environments engineered to reimagine business and co-develop a plan to get there. Solutions: Collaborative engagement models and proprietary service offerings move clients beyond current trends and focus on the future of their businesses.
We hope you find this information useful. Please contact us if we can be of assistance to you.
Best Regards,Julie Peters