PwC Pledges $2.4B for Compensation, Extends Parental Leave (2)

PwC LLP said Friday that it will boost wages, provide more assignment flexibility and offer more career training for its U.S. workforce, investing $2.4 billion in a bid to keep staff at work and continue to compete amid a shortage in accountants and ongoing turnover challenges.

PwC professionals will be able to take 12 weeks of paid parental leave, choose from a more streamlined menu of other benefits, and enjoy two week-long firmwide shutdowns in July and December, among other perks the Big Four accounting firm announced.

It’s the latest volley in the accounting industry’s “war for talent”—recruiting struggles ...