PwC India announced on Monday that, through the use of its new “People Experience Framework,” it is committed to investing more than Rs 600 crore over the following three years in the overall growth, development, and welfare of its workforce.
The framework gives workers access to individualised opportunities that let them live their lives as they see fit, including taking care of their families’ needs and finding work that aligns with their values and purpose. This fosters an environment in which they can develop the skills they’ll need in the future.
According to Sanjeev Krishan, Chairperson of PwC in India, “Our new People Experience Framework will bring in increased emphasis on growth and development, customised rewards, benefits and well-being that are stitched into our daily experiences, and where we have the flexibility to support our people as their lives and needs shift over time.”
For regular full-time employees up to the Director level, PwC India has announced a non-residential executive MBA programme. The company would cover 75% of the employees’ course fees (up to Rs 10 lakh per person). Also, the sponsorship of self-initiated learning certifications has increased from the previous Rs 30,000 to up to Rs 1 lakh.
The company has increased medical coverage for each employee, their spouse, and their two children to (Rs. 20 lakh) (up from an average of Rs 5 lakh). In addition, a “Recharge and Rejuvenate” policy has been implemented, giving each employee a minimum of 10 days of annual downtime.
The company added that paternity leaves had been increased to 30 days. “Just as we are relentlessly client focused, we will continue to invest in our people. The most meaningful workplace experiences are those that are created with people’s interests top of mind,” said Padmaja Alaganandan, Chief People Officer, PwC India.