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Employee wellbeing and recognition: Why PwC spent $22M to bring them together
- PwC has invested $22 million in a program called My Milestone Rewards to integrate employee wellbeing and recognition, aiming to enhance the employee experience and boost retention.
- The initiative rewards employees at milestone anniversaries with various options like employee wellbeing experiences, purpose-driven experiences, time off, and cash rewards.
- The rewards program allows employees to choose rewards based on their preferences and life stages, moving away from a one-size-fits-all approach.
- By listening to employee needs through surveys, advisory groups, and feedback tools, PwC tailored the program to meet employees' desires and ensure positive feedback.
- Positive reception of My Milestone Rewards has not only improved employee experience and retention but has also positively impacted the company's brand and recruitment efforts.
- PwC's broader initiatives to enhance employee wellbeing include firmwide shutdowns, summer Friday programs, and continuous enhancement of the recognition program based on feedback.
- The company aims to further evolve the program and implement new ideas to support employee wellbeing, emphasizing the importance of employee experience and retention.
- PwC's focus on employee wellbeing and recognition showcases its commitment to creating a supportive and rewarding work environment for its workforce.
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