According to Reuters, accounting and consulting firm PwC will allow all 40,000 U.S. client services employees to work remotely from anywhere.
PwC’s deputy people leader, Yolanda Seals-Coffield, said that PwC is the first firm in its industry to make full-time remote work available to client services employees. PwC’s support staff and other workers that do not face clients were already given the full-time remote work option.
The employees who choose to remote work would have to visit the office a three days every month for in-person team meetings, client visits, etc.
“We have learned a ton through the pandemic, and working virtually, as we think about the evolution of flexibility, is a natural next step. If you are an employee in good standing, are in client services, and want to work virtually, you can, full stop.”Yolanda Seals-Coffield, Deputy People Leader, PwC
Employees who opt for full-time remote work from a lower-cost location will see pay cuts. Besides PwC, Google also pays its employees based on their location.
According to the PwC memo that went out to the employees this week, the company said that it is offering this new policy to attract and retain talent and expand its diversity. PwC partners whose team members choose to be in the office on a regular basis will not be allowed full-time remote work.
PwC is confident of managing hybrid teams. PwC has 55,000 U.S. employees and with the new policy, the most of them will be able to work remotely.
PwC plans to retain the office space and use it in more collaborative ways. PwC has its global headquarters in London, with its U.S. head office in New York.
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