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illuminem summarizes for you the essential news of the day. Read the full piece on Accountancy Age or enjoy below:
🗞️ Driving the news: PwC is revolutionizing its recruitment process to enhance diversity and inclusion. The firm is expanding its talent pool by introducing new programs and work experiences for non-university graduates
• This move deviates from traditional hiring processes, aiming to provide equal opportunities to those without a university degree.
🔭 The context: The shift in PwC's recruitment strategy reflects the changing dynamics of the accountancy profession
• The firm is increasing its focus on apprenticeships, school leaver programs, work experience placements, and degree partnerships. This strategic change is designed to ensure equitable access to opportunities in the accounting field
🌍 Why it matters for the planet: PwC's initiative addresses socio-economic diversity, providing a pathway for individuals from lower socio-economic backgrounds into the accounting profession
• This inclusivity is vital for bringing varied perspectives and experiences into the business world, fostering a more equitable and diverse corporate landscape
⏭️ What's next: PwC's new recruitment approach includes offering a salary advance to next year's graduate and school-leaver intake, part of a broader strategy to support new joiners from diverse backgrounds
• This initiative, based on extensive research and co-creation workshops, is a progressive step in the accounting sector, potentially influencing other firms to follow suit
💬 One quote: "We're proud of the strides we’ve made broadening access to the firm, focusing on potential not pedigree," said Ian Elliott, chief people officer at PwC, emphasizing the firm's commitment to fostering diversity and inclusion
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