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April 19, Cipriani Wall Street

 

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No. 3 | PricewaterhouseCoopers | DiversityInc Top 50

WHY IT’S ON THE LIST

US Chairman and Senior Partner Bob Moritz directly links the firm’s diversity efforts to its success, stating: “Diversity, in all its dimensions, is a key element of our people and our client strategy, and we continue to invest in the area diversity and inclusion knowing we will ultimately be measured on the progress we make.”

Through thought leadership from senior executives, especially Moritz, the firm has branded itself as a diversity leader. For example, Moritz wrote this article in the Harvard Business Review on “Keeping Millennials Engaged.” He notes that: “PwC’s Millennials don’t only demand to know the organization’s purpose—its reason for being—but are prepared to leave the firm if that purpose doesn’t align with their own values.”

Adherence to those values, especially inclusion, helped PwC become the top-ranked Big Four firm on the DiversityInc Top 50, moving up to No. 3 on the list. The firm has been in the top 5 seven of the last eight years.

Moritz has spearheaded efforts to include white men in diversity and to elevate women. In fact, Maria Castañón Moats tells us that when she was asked to be Chief Diversity Officer, Moritz’s personal phone call and deep involvement with the subject sealed the deal for her.

The diversity success of this firm is particularly apparent with women. They are a third of the top level and close to half of the next level. The five women at the top level include Moats as well as the Chief Financial Officer, General Counsel, Human Capital Leader and head of Government and Public Policy.

All managers in the company participate in formal mentoring, including every one of the senior partners in the top levels. PwC is a long-time leader in outreach to white men to get them to understand that diversity and inclusion is not a zero-sum game. The firm is known for its flexible workplace culture and its ability to help new parents adapt to the needs of both home and work successfully.

The firm has placed a strong emphasis on diversity in its succession planning, with talent reviews discussed by the Chief Diversity Officer and the Line of Service diversity champion.

PwC has been a leader in workplace openness for the LGBT community, and 10 years ago started an advisory board for openly gay and lesbian partners.

DIVERSITY LEADERSHIP

Robert E. Moritz
Chairman and Senior Partner

“We have a long-standing commitment to diversity and inclusion. A diverse organization generates diverse ideas, and that’s important to our clients, our broader stakeholder group, and to our ability to help solve the important problems facing the organizations we serve, the communities we operate in, and society as a whole.”
Maria Castañón Moats
Chief Diversity Officer

“Our diversity initiatives at PwC evolve with the needs of our people, business and environment. My goal is to continue to increase the representation of women and professionals of diverse backgrounds into senior roles, through leadership development opportunities, sponsorship and mentoring.”

COMPANY FACTS

U.S. Headquarters: New York City

Global Employees: 195,433

U.S. Employees: 41,432

OTHER DIVERSITYINC LISTS

  • No. 1    Top 10 Companies for Recruitment
  • No. 3    Top 10 Companies for Employee Resource Groups
  • No. 4    Top 10 Companies for Mentoring
  • No. 10  Top 10 Companies for LGBT Employees

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