How to get a job at PricewaterHouseCoopers in Manchester as staff get 9% payrise

Professional services giants PricewaterhouseCoopers is one of the companies that saw its revenues and profits grow during the coronavirus pandemic. Based in London, its business includes risk assurance, tax advice, legal services, management consultancy, accounting and financial advice.

With many UK businesses and other organisations moving to a working from home footing, PwC's audit, deals and transformation services were in particular demand during the global health crisis. Of its 295,000 world-wide workforce, 22,000 are based in the UK.

The company recently announced it would be giving its UK staff members a 9% pay rise to address the cost-of-living crisis. That may seem huge, however, the UK's inflation rate - when measured using the Consumer Price Index - also currently stands at about 9%.

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PwC is investing more than £120 million in funding the pay rises, according to the BBC. It has also revealed that a further £138 million - up £10 million on last year - is being allocated to cover the cost of staff bonuses this year.

Its chairman, Kevin Ellis, said the company couldn't ignore the current market pressures and wanted to ensure its pay rate were as "competitive as possible". He said: "We know pay will be an increasingly important consideration given rising living costs - we want to stay competitive and continue attracting the best talent and skills from across the UK."

The salaries for many of PwC's entry-level programmes are also increasing, according to reports. They include audit roles where pay rates are understood to be increasing by up to 10%, along with an 8% increase in consulting graduate pay rates.

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