PricewaterhouseCoopers has no plans to scale back its college hiring despite the recession, according to an interview in WebPC with retiring PwC chief Samuel A. DiPiazza Jr. What's more, the firm plans to "hold onto excess capacity" through the slowdown, says DiPiazza, who has been chief executive officer of PricewaterhouseCoopers International Ltd. since 2002.
"We're still hiring an enormous number of people," he says. "We feel that our only asset is our people, and we're going to continue to bring high-quality people in." If the firm is reducing its hiring targets, it's only "slightly," he says. For example, this year it hired 2,000 people in China, a number only just below its total last year. And the firm hasn't rescinded any offers as the profession has done in the past.
DiPiazza also says the company has been more selective in the skills that it's seeking and has been attracting higher quality talent. "The bar is up," he says. He points to a lack of professors and training available to young people in some parts of the world as a big challenge for the profession.
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