Job Title: Graduate accountant
Location: Melbourne Victoria Australia
Submitted on: 08-May-04
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Job Title |
Business Outlook
Survey |
| Graduate accountant |
The mission statement of PWC was to be the number 1 professional
services provider. PWC is a large global company. Its strength is its
brand. That is why it can afford to pay its staff at a lower rate
because people are willing to work there for the name. However its
strength is also its weakness. Because the staff are underpaid
relative to companies in industry, PWC has a very high staff turnover
rate, possibly around 30%. Generally graduates come into PWC to work
for around 3 years during which time the company pays for their CA
(Chartered Accounting) studies. Once staff attain their CA, they head
off into industry where they can earn at least 10k more than what they
would if they stayed at PWC. Hence, staff turnover is PWC's cancer.
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