PwC gives all its 16,000 UK employees day off on 29 June

25 May 2018 Consultancy.uk

Big Four firm PwC has handed its UK employees an extra day of holiday this year, in praise of their hard work over the previous financial year. June 29th will see the firm’s Britain-based staff of roughly 16,000 offered time off – while those who are already on holiday will have the same chance on an alternative day.  

PwC announced in September that revenues had increased by 5% to £3.6 billion for the financial year ending in June last year. However, as profits fell by 1% to £822 million, the average distributable profit per partner before tax also fell – by a larger 8% to £652,000 – compared with £706,000 one year earlier. Since then, the firm has been weighing up ways to reward partners and staff for their efforts in spite of this drop.

Following this, the Big Four professional services giant has finally plumped for offering everyone at the UK arm of the network an extra day off. On the 29th of June, all staff will have the option to stay home, enjoy the sun, or potentially sleep off a late night following England’s third group match at the World Cup. Those who already had the day booked off, or those who cannot take the day off due to prior business engagements will be offered an alternative day of rest, according to PwC.

PwC gives all 16,000 UK employees day off on 29 June

The move is far from an inexpensive one for PwC, with the firm missing out on a  mass of billable hours on the day. With chargeable rates thought to sit at around £1,000 a day for consultants and rising to £2,000 for senior consultants, losing the work of some 16,000 staff could cost in excess of £10 million in revenues by some estimates, depending on who actually takes the day off. On the other hand, the good news for PwC is that the decision places the day at the end of June, which is traditionally known in the auditing and consulting industry as off-season before engagements pick up again in the autumn.

Kevin Ellis, Chairman at PwC UK, announced the news while participating in a live Q&A webcast with UK staff from the firm's Manchester office. He stated, “We want to make sure we reward our people for all their hard work, so this year we’re going to give everyone an extra day off on the 29th of June. We want to give something that is for all of our employees. It’s our way of saying thank you for their outstanding efforts supporting our clients in what remains a challenging economic and political landscape.

Related: Mercer: UK has 2nd lowest number of public holidays.

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Two consultancies among UK’s best office breakout spaces

05 April 2019 Consultancy.uk

A pair of Bristol-based consulting firms have been recognized for having among the UK’s best office break areas. People Source Consulting and Ashville were marked out for their vibrant and fun spaces, which feature table games, picnic areas, and even beer.

With competition for talent in the UK continuing to heat up – as the nation continues to enjoy its highest employment rate since the 1970s – firms have been upping their game on multiple fronts to help attract the cream of the crop. In order to successfully court the best candidates, companies are not only taking into account pay and benefits, but are also working to lure potential employees to their firms with the promise of innovative and vibrant work spaces.

In late 2018, employment website Glassdoor announced ten offices had been named the coolest places to work in the UK. Among those lauded for their work in enriching the working day of their employees was Capco – the only consultancy to make the grade.

Two consultancies among UK’s best office breakout spaces

Now, HomeLeisureDirect.com, a leading games room specialist based in the UK, has announced the ten offices it believes have made the cut for its inaugural Office Breakout of the Year competition. The contest has pitted a diverse range of companies against one another to be named the best office-based breakout space that the UK has to offer. Research from HomeLeisureDirect.com recently revealed that 65% of workers would consider switching employers for a better working environment, making the appearance of two consultancies on the list especially important for their recruitment ambitions.

People Source Consulting – a recruitment business from Bristol – hosts a brightly lit and vibrant space, complete with faux grass and picnic benches, along with a well-stocked beverage fridge – alcohol appears to be an option – as well as an array of tabletop games, including pool. Ashville, an asset management consultancy also based in Bristol, meanwhile boasts a break room decked out with table football, a table tennis court and even arcade machines.

Two consultancies among UK’s best office breakout spaces

The other eight finalists exhibit offerings including swinging hammocks, scooters and a bizarre and brilliant variety of other features. The other nominees are accessplanit – a software business from Lancaster; Digital 22 – a marketing and design agency from Clitheroe; Roc Search – a tech and engineering recruitment specialist from Reading; Sales-i – a provider of sales analytics software from Solihull; SEC Group – an office fit out company from Stevenage; SLG Brands – a portfolio of beauty brands with a head office in Cheltenham; Zest Digital – a digital marketing agency from Oxford; and 16i – a digital design agency also from Cheltenham.

Andy Beresford, MD of HomeLeisureDirect.com, said, “According to recent reports, the UK is currently seeing record levels of employment, and while that might be a great statistic, the knock-on effect is that it’s becoming harder and harder to recruit top talent… Being named as a finalist gives those shortlisted businesses the opportunity to showcase how they go about delivering a better working environment for their employees, with some top effort evidently involved judging by what we’ve seen.”