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News from Members The new technologies will affect between 5 and 10% of the jobs in each company annually. PwC will invest USD 3 billion in upskilling its employees and developing new technologies

The new technologies will affect between 5 and 10% of the jobs in each company annually. PwC will invest USD 3 billion in upskilling its employees and developing new technologies

by PwC Romania October 3, 2019

Website www.pwc.com/ro

The new technologies will affect, annually, between 5 and 10% of the jobs of each organization and will generate discrepancies between the existing and the necessary skills, according to PwC global estimates.

In this context, PwC has launched a program to improve the digital skills of the 276,000 employees worldwide, as well as to develop new technologies to support companies and communities in the digital transformation process.

”As our clients face increasing challenges and opportunities driven by technological advances, stakeholder expectations and other changes, they require us to work together across the broad range of our operations helping them to deal with issues such as cyber security, trust, regulation and strategic workforce planning. The skills gap is an issue that goes to the heart of our purpose and we have the scale and experience to make a measurable impact. That’s why today we are launching ‘New world, New skills’”, said Bob Moritz, PwC’s Global Chairman.

Over the next four years, we are committing $3bn in upskilling – primarily in training our people but also in developing and sharing technologies to support clients and communities.

“Most employees globally feel threatened by automation and want to learn new digital skills, according to the PwC Upskilling Hopes and Fears study. At the same time, they want their current employers to help them in this process. In turn, companies are looking for solutions to adapt to new technologies. We have set out to meet both the expectations of our employees and the business environment by initiating this program whose impact will be felt also in Romania”, said Ionuț Simion, Country Managing Partner Romania.

New world, New skills focuses on:

  • Upskilling all of PwC’s 276,000 people in areas like data analytics, robotics process automation and artificial intelligence for use in their work and also to advise clients, communities, and other stakeholders in the process of adopting new technologies.
  • Advising our clients on the challenges posed by rapid technological change and automation. This includes identifying skills gaps and mismatches against likely future needs, workforce planning, upskilling programs and cultural change.
  • Work with governments, institutions and teachers for developing programs to help millions of people improve their digital skills, including among those populations most ‘at risk’.

According to PwC Upskilling Hopes and Fears, 53% of the employees worldwide feel threatened by automation and 77% want to learn new digital skills. Over 60% are positive about the impact of technology on their day-to-day work, but only one-third are offered opportunities to develop digital skills outside the daily work.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2019 PwC. All rights reserved.


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