News: PwC India announces special bonus for all employees

Compensation & Benefits

PwC India announces special bonus for all employees

PwC India will be providing a bonus equivalent to 2 weeks’ pay, to all employees which will be included in the salary for March 2021.
PwC India announces special bonus for all employees

As an appreciation for the unrelenting commitment and efforts made by its 15,000 employees in a year that was disruptive owing to the COVID pandemic, PwC India today announced a special one-time bonus for all its employees. 

PwC India will be providing a bonus equivalent to 2 weeks’ pay, to all employees which will be included in the salary for March 2021. This one-time payout will be independent of the firm’s usual appraisal and increment cycle, which is set to follow previous timelines. 

Sanjeev Krishan, Chairman, PwC India stated, “The past year has been one of the most challenging and disruptive years for business, not only for us but also our clients. It called for an organizational and workplace overhaul that none of us anticipated. Responding to the crisis with extreme agility and ensuring business continuity for all was paramount and we are very proud of and humbled by the way all our people got together and ensured that we and our clients not only navigate the crisis well but also emerge stronger from it. It is because of their efforts that even in such an extremely difficult year, we are on course to meet our goals and are optimistic about the year ahead. We are extremely happy to share this success with our people through this token of appreciation.”

Krishan added that the firm is not only grateful to its people but also their families for being the strong support system that enabled them to do their work well and thanked them for being a part of the extended PwC family. 

The development again reinforces the need to reward and recognize employees especially after a tough year, which was fraught with many changes. Last year, the firm had deferred promotions, increments, and bonuses for all its employees in India on account of the COVID-19 impact. In a bid to help its people manage burnout in a remote working environment, the firm also occasionally announces Pen’s Down Days wherein all employees are encouraged to mandatorily take a break from official work. 

Last month, HCL Technologies also announced a special one-time bonus worth over 700 crores to its employees. The global tech company said that the bonus announcement was "in recognition of its recent milestone” of the company crossing the $10 billion-mark in terms of revenue for 2020.

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Topics: Compensation & Benefits, #COVID-19

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