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Liverpool Echo
Liverpool Echo
World
Tom Scotson

PwC offering hundreds of jobs with inflation-beating pay rise

PwC is advertising more than 100 new roles in the north.

The news comes after the employer announced it would reward staff with an inflation-beating pay rise. Half of its employees will enjoy a 9% salary increase while at least 70% of its workers will get a 7% wage hike.

PwC confirmed there will be no regional disparity in the percentage rises. In Manchester, one of the company's four bases in the North West, there are 102 vacant roles which range from associate to senior management level.

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According to Glassdoor, a site where ex-employees review their former company, average annual salaries at PwC are: senior associates (£48,506), managers (£65,697), senior managers (£91,068) and directors (£145,126). Vacancies at the Big Four firm vary from tax and audit jobs, risk management, consultancy and legal work.

PwC is currently looking for data quality analysts, corporate lawyers, software engineers, low code developers, data scientists and engineers, technical architects and support managers. The majority of advertised roles are transferable to Birmingham, Leeds and London.

PwC is investing more than £120million in pay rises and a further £138million is being allocated to bonuses this year. The latest cash injections are on top of the £40million investment made in January for pay and promotions.

Consulting graduates at the international accountancy business, who are offered £33,500 to live and work in London, will earn more than the average worker in Merseyside (£28,000) this year.

There is growing pressure on employers to increase their employees' pay. While annual wage growth grew by 5.4% in April inflation soared to 9.1% in May 2022 - the highest in 40 years.

Earlier this month Britain's economy was predicted to flatline in 2023, according to the OECD. Head of the Bank of England Andrew Bailey called for wage restraint across Britain to combat spiralling inflation. He told workers to "think and reflect" before asking for more money from their manager.

Chairman and senior partner at PwC Kevin Ellis said: “Our significant investment in pay reflects the strong underlying productivity of the firm following recent investments, and the continued hard work of our people…

“We also looked at the salaries of our entry programmes to ensure they are as competitive as possible… [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.

“That’s why it’s important to invest now.”

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