• 29-MAR-2018

ALM Intelligence rates PwC the global leader for Compensation Consulting

PwC has been recognised by ALM Intelligence as the outright global leader for Compensation Consulting in its latest report, released in March 2018. PwC was rated as having the strongest depth and breadth of global consulting capabilities, of all the 25 firms assessed.

Laura Becker, analyst at ALM Intelligence and author of the report, highlighted that: “PwC places significant emphasis on clients’ needs in a complex market where compensation strategies are increasingly shaped by global forces. The firm’s go-to-market strategy emphasizes one leadership team within its People and Organization practice, focusing on people strategy through organizational execution underpinned by HR technologies, and people analytics and insights.”

The report names PwC as the best in class provider for needs assessment as the firm views compensation consulting as a “workflow strategy” rather than just a “people strategy” ensuring that each process in an organisation is aligned to business goals and to address global trends surrounding compensation. It is also named the best in class provider for strategy as its approach to compensation philosophy and strategy design is informed by academic research on market trends, such as the firm’s annual CEO survey and the Workforce of the Future study.

Scott Olsen, PwC’s global leader for Reward consulting commented: “Whether due to  market trends, the changing tax landscape, regulation, legal requirements, or process improvements, compensation consulting is becoming more complex with organisations needing global solutions to local problems. Companies want  practical, data driven strategies and tools rather than a purely holistic approach to developing reward, one that is aligned to their wider business strategies. Being recognised by ALM as the outright global leader for compensation consulting highlights our breadth and depth of capabilities within the practise, and shows our ongoing commitment and investment in this area.  In turn, our ability to support every aspect of compensation consulting creates additional value to our clients.”
 
Laura Becker from ALM Intelligence and author of the report, added: “With all of PwC’s tools and analytics as well as its business transformation process (BXT) through the firm’s Experience Centers, PwC is a leader is helping clients to evolve their compensation management operating model strategy to a level of maturity where carefully designed governance frameworks bridge the gap between compensation strategy and the practicalities of implementation.”

Key findings from the report:
  • PwC’s compensation consulting business sits within its People and Organization practice, operating in 130 countries with over 2,000 compensation specialists.
  • PwC’s One Firm service delivery model is comprised of multidisciplinary teams of consultant professionals, all of whom have access to a broader set of capabilities in strategy, organization, and human capital consulting, data analytics, and risk & assurance advisory. This ensures rewards and business strategies in compensation plan design are aligned and compliant with tax, legal, and regulatory frameworks.
  • Projects have become more process-oriented and moved from simply “people strategy” to “workflow strategy” driven due to four major global trends: global convergence in pay equity, data driven reward strategy, regulatory compliance, and compensation consulting and related areas
  • PwC believes that close adjacencies such as employment tax and benefits, global mobility, people analytics and insights, retirement benefits, employment law, HR function, change management and communications further round out capability offerings for clients and are in tune with current global market trends requiring a broader view and context for compensation consulting.
  • PwC marshals its technology and analytics capabilities to convert compensation processes and tools for cloud-based human capital management platforms, and to translate big data into evidence-based reward strategies.
  • PwC employs several tools and analytics to assist clients including the Global Asset Management HR Network programme which provides market analysis and Halo for Employee Expenses which provides employers with realtime insights into firm-level remuneration spend, structures and levels.
  • PwC has employed a business transformation process (BXT) through the firm’s Experience Centers to break down silos and view challenges and opportunities through multiple lenses when working on compensation strategy.
  • The leaders [including PwC] are at the top of the market in terms of their capabilities to create client impact through their depth of expertise and ability to deploy it across a range of engagement models. They are unique in their ability to independently execute a broad array of projects across the full spectrum of client contexts.

ENDS
Notes
  1. For more information about how PwC helps its clients with retirement benefits consulting visit www.pwc.com/people
  2. To find out more about how PwC has been evaluated by leading business, technology and industry analysts visit pwc.com/analystviews
  3. At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 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
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Contacts

  • Robert Donnelly
    PwC Global Analyst Relations
    United States
    +1 917 471 3355