In response to our article a couple of weeks ago which profiled the alleged underpayment of PwC managers, came the following comments from anonymous PwC spies:
First this:
The “Mass Exodus” this article refers to is now occuring within the ranks of AuIT. Alot is said when staff leave and opt in being unemployed rather than finding something else. perhaps its time to desert the sinking ship?
Then this:
and is it any wonder that 22 people have resigned from AUiT since January??? when are the so called leadership team going to take notice? what a disgrace and PwC think they have collaboration and good culture? Its only a matter of time until something crashes and the firm will suffer, maybe then the Partners and rest of the firm will take notice!
A very astute professional services industry commentator recently wrote:
According to a study by McKinsey & Co, involving 77 companies and over 6,000 managers and executives – the most important corporate resource over the next 20 years will be talent.
Post GFC, the search for the best and brightest has become a challenging and costly battle. Organisations need to devise more innovative talent acquisition practices, and they will also have to work harder to keep their best people.
So perhaps it is time PwC did more to hang onto staff contemplating a move away from the firm?
Meanwhile, another anonymous PwC spy wrote to us yesterday in relation to PwC farcical “what would you like to change advertising campaign“:
Has anyone else noticed how unsuccessful the PwC “what would you like to change” advertising campaign was? We spent millions on this externally (trams, airports, AFR, Radio) as well as internally (new business cards, flyers, magnets, posters, office tags) instead of passing on bonuses to staff. I just looked at the website – check the dates of the comments – basically no comments since the start of July – and prior to that May! Surely this is more of an embarrassment than anything. I feel embarassed presenting my business card to clients when they ask what the “what would you like to change” motto is. I really hope they don’t go to the site and see how little traction it got.
Perhaps the change the PwC staff are looking for is a career change!
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People will quit for many reasons but for AuIT it mainly comes down to pay. The blood Bonus money gets paid out to the managers next month – it comes at a huge cost. with staff not being replaced, shared workloads go up, projects stall, quality will depreciate. The people that didnt quit (and didnt get neither bonus or payrise) will end up working more for less. its a First world Sweat shop!
FML
So now the truth of the PwC AUiT CIO’s REAL VISION and STRATEGY
http://retheauditors.com/2010/07/29/pricewaterhousecoopers-cuts-hundreds-of-internal-it-professionals/
Time for the next stage for Tata Consultancy Services (TCS) to take more Australian jobs!!
Ever since Neil Wilson breasted his way on to the firm’s leadership team, he and his hideous hench men have been obsessed with making cuts to the back office, which he despises. Cutting the crap out of central internal firm services with the aid of a suck hole cfo looks good on paper at first but will only result in our partners building these services as cottage industries in the practice so there’s no best practice and no economies of scale.