PwC Invests $45M in Wellness Perks and New Parents’ Benefits

New York-based PwC (FY16 gross revenue of $14.3 billion) made a $45 million investment into its wellness program, according to Glassdoor.

For new parents, PwC is now allowing staff members to work 60% of their hours while retaining 100% of their salary, for four weeks’ time, once their parental leave ends.

“We’re always looking for opportunities to support our people in innovative ways,” says Jennifer Allyn, diversity strategy leader. “When it comes to parents, we recognized that the transition back to work after a leave can be challenging. That is why we introduced a new option to phase back on a part-time schedule at full-time pay. This benefit will give both mothers and fathers more flexibility to ease back into their careers after welcoming a new child to their family.”

PwC’s full list of wellness employee perks includes:

  • $1,000 bonus to all staff to spend on wellness-related activities
  • Four weeks of paid family care leave for all partners and staff to care for certain family member with serious health conditions
  • Eight weeks of paid parental leave for staff of any gender with a new child (currently six)
  • New phased return to work transition, with the option of new parents working 60% of hours, at full-time pay, for an additional four weeks following a block of paid parental leave
  • $25,000 reimbursement, per child, for adoption (currently $5,000)
  • $25,000 reimbursement, per child, for surrogacy (traditional and gestational) expenses
  • Pro bono membership to (childcare, housekeeping, pet care services)
  • Six hours of free eldercare consultation (home assessments, implementation of care, etc.)