PwC to embark on massive UK recruitment drive as part of $12bn global plan

Big Four accountancy firm PwC has announced plans to recruit more than 4,000 additional staff in the UK as part of a $12 billion global plan to respond to technological disruption, fractured geopolitics, climate change and the enduring impacts of the COVID-19 pandemic.

PwC to embark on massive UK recruitment drive as part of $12bn global plan

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PwC yesterday unveiled its new global strategy, dubbed “The New Equation”, which it says will address the major challenges shaping the world today.

Global chairperson Bob Moritz said: “The profound changes in the world mean that our clients can only succeed by creating a virtuous circle between earning trust and delivering sustained outcomes.

“By bringing our unique combination of capabilities together we can help them do that, unlocking value for their shareholders, stakeholders and wider society.

“Over the coming months, we will set out how we plan to do that in every territory and market we operate in, focusing on quality and further deepening our capabilities to meet the needs of clients and stakeholders, wherever they are in the world.”

PwC aims to create 100,000 new jobs worldwide “to deepen and expand our capabilities so we can continue to bring together the unique combinations needed to help clients answer the expectations of their stakeholders and society”, including 4,000 in the UK.

It currently has over 1,000 staff members in Scotland, mostly based in its Edinburgh and Glasgow offices, with some additional staff based in Aberdeen.

PwC will build new centres of excellence for specialists on key environmental, social and governance (ESG) topics, as well as a global ESG Academy to enable partners and staff across the network to integrate the fundamentals of ESG into their work.

PwC will invest $1 billion to accelerate deployment of technology that further automates the implementation of quality frameworks in audit, as well as build the delivery model for the audits of the future.

It will also create “leadership institutes”, the first of which will be headquartered in the United States, to “empower more than 10,000 of today’s and tomorrow’s C-suite leaders, executives, and Board members to build trust”.

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