PwC and PwC Indigenous Consulting launch advanced reconciliation plan

20 March 2019

PwC Australia and PwC Indigenous Consulting have released a joint Elevate Reconciliation Action Plan, with a number of initiatives and commitments.

As a strategic framework for driving an organisation’s contribution to indigenous reconciliation both internally and in the communities in which it operates, Reconciliation Australia’s structured Reconciliation Action Plans consider five dimensions of reconciliation – race relations, equality and equity, institutional integrity, historical acceptance, and unity – with the RAP programme covering four stages of the reconciliation journey; Reflect, Innovate, Stretch, and Elevate. 

The latter strategic level – Elevate – is for organisations that wish to take on a leadership position in advancing national reconciliation, and have a proven track record of successfully embedding RAP initiatives. Together, professional services firm PwC and separate Indigenous majority-owned and managed member PwC Indigenous Consulting (PIC) have now launched their first joint Elevate endorsed RAP, covering the 2019-2023 period with a range of commitments.

“We are proud of the contribution PwC has made to reconciliation, but we know there is still much more to do,” said PwC CEO Luke Sayers. “We are committed to bringing our skills, expertise and amazing people to the challenge of making positive progress towards reconciliation. At PwC, our purpose is to build trust in society and solve important problems. In Australia, reconciliation with Aboriginal and Torres Strait Islander peoples is fundamental to achieving this and is core to Australia’s shared national identity.”

PwC and PwC Indigenous Consulting launch advanced reconciliation plan

Among the commitments as set out under the joint PwC RAP – which continues a reconciliation journey the Big Four firm set out on in 2010 – are initiatives to; increase contestable spend with Aboriginal and Torres Strait Islander suppliers; institute a pilot to fast-track the growth of 15 indigenous leaders which will be scaled to at least 50 nationally if successful, and; to employ 100 Aboriginal and Torres Strait Islander people over the next four years through a tailored recruitment program. 

“The RAP program inspires social change in workplaces across Australia, generating economic and behavioural transformation with far-reaching, positive impacts,” said Reconciliation Australia CEO Karen Mundine, who noted PwC’s strong track record on the core RAP values of relationships, respect and opportunities. “By raising the bar of its RAP ambitions, PwC and PIC continue to lead national reconciliation action in the professional services sector.”

In a joint statement, Jodie Sizer and Gavin Brown, the co-CEOs of PIC, said; “At PIC, our vision is to improve the lives of Aboriginal and Torres Strait Islander peoples and support self-determination through empowering Aboriginal and Torres Strait Islander led models and solutions. Reconciliation is a shared journey which celebrates the value of all world views, grounded in respect for the First Australians, and brings enormous potential for the future of our country.”

Established in 2013, PIC is majority co-owned by Sizer and Brown, and sits within the PwC Global network with PwC Australia as its minority shareholder. Sixty percent indigenous-staffed, PIC also has an independent indigenous Chair and a majority indigenous board, and together with PwC employs 45 Indigenous Australians – noted as the largest employer of Aboriginal and Torres Strait Islander accountants in the country.


Big Four firms make it to the list of Australia's top 25 employers

18 April 2019

LinkedIn has come out with its top 25 companies to work for in Australia, and the Big Four accounting and advisory firms all feature on the list. The financial services sector emerged as the most popular, with the top four all being occupied by banking and financial services institutions. 

The list of top companies to work for is prepared for a number of major markets across the globe, and is based on four primary metrics to measure a firm’s popularity. The first is overall interest in the company, measured by the number of visits a firm’s LinkedIn page receives from outsiders.

The second is employee engagement, which examines how many outsiders view the profile of a company’s employees. Thirdly, LinkedIn records the number of applications received by a firm for each opening that it posts, in a bid to measure job demand at the firm. The last metric is employee retention, which is measured by the number of employees that remain at a firm for more than a year. 

All of the Big Four accounting and advisory firms have made the top 25 this year, which corresponds with a drive to employ young talent in these organisations. Early this year, it came to light that the Big Four were cumulatively planning to hire more than 2,500 graduates across the first half of this year.Big Four firms make it to the list of Australia's top 25 employersEngagement with these firms is a highly competitive process, helped along by the prestige and recently introduced comfort that the jobs bring with them. EY placed the lowest of the four on LinkedIn’s list – at 13th – although this might change for next year following its announcement in March this year that employees could potentially take as much as 12 weeks of unpaid leave per year in the future. 

KPMG Australia was just ahead of EY, placing in 12th, while Deloitte and PwC made it to the top 10. Deloitte Australia placed in 8th, which can be attributed to a renewed focus in the firm on innovative human resources mechanisms, with the objective of becoming “the most inspiring firm to work with — for its people, its clients and its communities.”

PwC Australia, meanwhile, was the highest ranked accounting and advisory firm in the country in 6th place. Nevertheless, sixth position represents a dip for PwC, given that it has topped the entire list for two years in a row before this. The firm’s popularity is often attributed to its flexibility with employees considerations.

The top four positions on the list were all occupied by banks, namely the Westpac Group, National Australia Bank, ANZ and Commonwealth Bank in that order. Other big global names on LinkedIn’s list for Australia are Salesforce in 9th and global ecommerce giant Amazon in 10th.