The last of the Big 4 to be ranked in the 2022 Fortune BCTWF and the one that took the biggest drop over the last year is the proudest and trustiest firm of them all, PwC.
Fortune doesn’t reveal why a particular company fell so many spots in its ranking from one year to the next, so why the best public accounting firm to work at dropped 25 positions from 2021 to 2022 is anyone’s guess. Maybe not enough employee sundae bar toppings? (See photo above.) Desperate and occasionally suspect recruiting practices? New Equation fatigue? Too much Tim Ryan … everywhere? Who knows! But only 84% of PwC employees consider it a great place to work, according to the website Great Place to Work, which partners with Fortune every year for the BCTWF. That is the second-lowest percentage among the Big 4 firms (EY’s is the worst at 81%).
Here’s how PwCers rated the firm in other areas:
- 93% say management is honest and ethical in its business practices.
- 92% say PwC’s people are willing to give extra to get the job done.
- 91% say they are #PwCproud to tell people they work at PwC.
This is the 18th time PwC has made the Fortune BCTWF in the ranking’s 25-year history. In the last five years, PwC has been ranked:
Here’s a lengthy recap of why PwC made this year’s BCTWF, according to Fortune:
PricewaterhouseCoopers is making industry-leading strides in its commitment to diversity, equity, and inclusion at all levels. It’s serious about attracting new and diverse talent: In April 2021, building on its existing relationship with 35 HBCUs and 41 Hispanic-serving institutions, the firm made a new $125 million commitment to its Access Your Potential program, which fosters a equitable future for 25,000 Black and Latinx college students by providing digital mentorship and skills training to prepare them for the start of their careers. In addition to a goal of hiring 10,000 new graduates over the next five years, PwC also offers a Student Loan Paydown benefit in which the company pays up to $1,200 per employee each year. In July 2021 it took additional steps toward fostering a more equitable workplace through a robust expansion of its existing transgender-specific health benefits, as well as building on the Inclusion Networks to launch a new inter-belief group with subchapters for Christian, Jewish, Muslim, and Hindu professionals and their allies. As one employee says, “Our leadership’s prioritization of social justice and ESG initiatives this past year has demonstrated that it’s not just fluff, and we really are committed to this goal.”
It should also be noted that PwC is now giving employees a bonus to use their vacation time, doled out better-than-usual raises last year, and the firm also gave out mid-year “Timmy Stimmys” to most PwCers.
Stats of note:
- Employees: 55,000
- Number of job openings: 6,764 (as of March 2022)
- Number of job applicants (last 12 months): 561,111
- Average number of applicants per opening: 43
- Number of new graduates hired: 5,053
- Percentage of women: N/A
- Percentage of minorities: N/A
- PTO limit (days): 37
- Number of sick days: Unlimited
We’ll finish up our coverage of the 2022 Fortune BCTWF next week.
Related articles:
The Fortune 100 Best Companies to Work For: Deloitte #24 (2022)
The Fortune 100 Best Companies to Work For: Plante Moran #30 (2022)
The Fortune 100 Best Companies to Work For: RSM US #40 (2022)
The Fortune 100 Best Companies to Work For: KPMG #41 (2022)
The Fortune 100 Best Companies to Work For: EY #52 (2022)
Looks like employees don’t care that much about diversity and inclusion when ranking their firm for purposes of this survey
I have a few people I know who worked at PWC and no longer work there. They said PWC is a nightmare. They left voluntarily.