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SVKM’S NMIMS
ANIL SURENDRA MODI SCHOOL OF COMMERCE
A
PROJECT REPORT
ON
HUMAN RESOURCE MANAGEMENT
“A STUDY OF THE EMPLOYEE RETENTION PROCESS AT
PRICEWATERHOUSE COOPERS, MUMBAI”
SUBMITTED BY
SYBBA Div (C)
ADMIN GROUP NO. 6
PRANAV DALMIA C026
PRIYAJ SHAH C027
PULKIT SHAH C028
PUROO TYAGI C029
PURVI SEKHANI C030
UNDER THE GUIDANCE OF
PROF. A. U. SHELKE
2015
PWC
2.1
PricewaterhouseCoopers (trading as PwC) is a multinational professional services network. PwC is a network of firms in 157 countries with more than 195,400 people. As of 2014 PwC United States is the 5th-largest privately owned organization in the United States. PwC has offices in 766 locations in 157 countries. The firm was formed in 1998 by a merger between Coopers & Lybrand and Price Waterhouse. The trading name was shortened to PwC in September 2010 as part of a rebranding.
2.2
PwC is a company in the service sector. It provides the following services:
Assurance Advisory – mainly consulting activities which covers Strategy, Performance Improvement,
Transactions Services, Business Recovery Services, Corporate Finance, Business Valuation, Sustainability and Crisis Management in a range of specialist areas such as accountancy and actuarial advisory.
Tax – international tax planning and compliance with local tax laws, customs, human resource consulting, legal services and transfer pricing.
Audit
2.3
PwC has all the departments ( finance, marketing, IT, human resource) that a company needs to have. Its mission and vision has been mentioned below.
Mission
PwC mission is to deliver a fair and clarified auditing service, in order to improve presentation of financial information. And therefore helping the company gain trust from investors. They follow three main principles which they base their work on, which are: Integrity, Intelligence and Innovation.
Vision
Through their strong work ethic they hope to gain recognition throughout the world. They are looking for people who are professional and able to adapt to the market in
different situations, as well as following the company’s work ethic, to have a leading role in our operations.
All workers are adequate for their job, are knowledgeable and can offer international expertise.
They apply their best practice in all areas of governance and always maintain transparency. Our goal is to be a leading participant in the process of establishing Spanish and
international accounting and auditing standards, as well as playing a major role in them. We will be a firm in which all partners and employees feel motivated in their work and proud
of their involvement.
We are specialized in many sectors and we like to foment the participation of young people in the company.
Awards and recognition:
Here are some of the ways in which PwC has been awarded and recognized recently. Public Sector Practice named 2014 Baldrige Award recipient. Named one of Fortune's "100 Best Companies to Work For" in 2005-2014. Ranked #1 on Training's "Top 125" list in 2008, 2009, and 2010; inducted into Training Top
10 Hall of Fame 2011. Ranked #2 on BusinessWeek's "Best Places to Intern" list in 2008. Ranked #3 on BusinessWeek's "Best Places to Launch a Career" list in 2008 and 2009. Received PR News Corporate Social Responsibility Awards in two categories in 2009:
Diversity Communications and Human Rights. Received a 100% rating with the Human Rights Campaign Foundation's Corporate Equality
Index in 2006-2014. Recipient of the Employer Support of the Guard and Reserve's (ESGR) Seven Seals Award. One of G.I. Job's Top 100 military friendly employers from 2011 through 2015.
2.4
PwC has a vertical organisational structure. First comes the CEO, then the partners (financial services, non financial services or leadership), then the associate director, senior manager, manger, assistant manager, senior associates and then the articles.
2.5
PwC does not have any particular category of customers. Since it is based on providing professional services, it caters to individuals as well as clients from all kinds of industries. Their clients include listed, private and entrepreneurial companies, government and third-sector organisations as well as private individuals.