PwC Singapore to Invest S$10 million on Staff Digital Upskilling

October 3, 201912:02 pm1897 views

Amidst the growing adoption of digital technology, PWC Singapore on Tuesday (Oct 1) announced its commitment to develop workers’ digital literacy. The professional services firm is planning to invest up to S$10 million over the next two years to develop the digital skills of over 3,500 employees, Business Times Singapore reports.

The pledge comes as the company reported a 9.3 percent increase in its Asia revenue to US$6.1 billion for the year ended June 30, 2019, from US$5.7 billion in the previous year. Meanwhile globally, PwC’s gross revenue has increased 7 percent to US$42.4 billion from US$40.7 billion a year ago.

PwC said that the digital development programme includes classroom and virtual training on the basics of data visualisation, data analytics and automation which adds up to more than 80,000 training hours. The firm willl assess and improve its employees’ digital fitness through an app that recommends customised on-the-go upskilling plans and materials. Other initiatives include e-learning platforms and a centralised solutions repository and technology collaboration platform.

The company will also assign employees with advanced digital skills to help teams utilise insights, automate processes, develop solutions and improve user experience to accelerate digitalisation across the firm.

The programme in Singapore is in line with PwC’s upskilling commitment across its worldwide network. It is committing US$3 billion to upskilling globally over the next four years. The money will be used primarily to train employees but will also fund development and sharing of technologies to support clients and communities.

There is an urgent need for organisations, governments and educators to fix the growing mismatch between skills people have and those needed for the digital world – and business has an important role to play, said PwC. The professional services firm released a survey last week which showed that Singaporeans are the second-most nervous about the future impact of technology on their jobs in an 11-country survey.

“The programme is intended to drive a culture of innovation where each staff and partner is empowered with the right mindset and capabilities in data and automation to determine the path they want to take, and even play a part in shaping the profession of the future,” said Yeoh Oon Jin, executive chairman at PwC Singapore.

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