PwC plans to spend $3 Billion on upskilling Its global workforce ; launches “New world, New skills” program.

PWC_0Recently, PwC announced that it will spend $ 3 billion in upskilling PwC people, developing new technologies and sharing technologies to support its clients and communities. This announcement formed a part of the release of the company’s performance for the 12 months ending 30 June 2019.

PwC’s revenue grew across all lines of business and major markets during this period to US$42.4 billion – up by  7%. The growth in revenues has enabled the company to continue to invest in their people.

As stated by PwC’s Global Chairman, Bob Moritz –  “PwC firms now employ 276,000 people worldwide and are investing heavily in learning and development to ensure our people can build rewarding careers and are prepared for the future world of work,”.

PwC is launching “New world, New skills” programme aimed at fixing the growing mismatch between the skills people have and those needed for the digital world.  For the next four years, PwC is committing $3 bn towards this program.

One of the key focus areas for the programme, “New world, New skills”, will be upskilling all of PwC’s 276,000 people through roll out of different programmes like data analytics, robotics process automation and artificial intelligence.

PwC will also be advising their clients on the challenges posed by rapid technological change and automation,  working with governments and institutions to reach a much broader group of people. Another key focus area for the program would be making upskilling a focus of the companies not-for-profit initiatives.

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