The nation’s largest consulting firm by revenue has kept its No. 1 position in Australia, helping to boost employee pay.
and sending about 2700 employees on a four-day “The Outside” retreat at a cost of roughly $5500 a head.Despite these changes, PwC still registered an increase in staff turnover, up 6 percentage points to 22 per cent, with roughly 1500 professionals leaving the firm during the year, which Mr Seymour said was “way too high”.“The long run [turnover] average in our industry would be probably closer to 12, 13, 14 per cent, but we are in such a hot [job] market at the moment,” he said.
“So we’re hiring 1500 grads, investing hugely in their skills, and a lot of them go off and do other things, which is great for our clients, the community, but that’s hard for our business. We’re working really hard to try to bring that turnover rate down. And the low teens is where we want to get it to, but it’s also a reflection of the tightest labour market.”
“That then links into our alliance strategy with organisations like Microsoft or SAP or Salesforce, the big cloud providers [like Amazon Web Services].”
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