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  • Spotlight on Millennials: PwC
    makes the so called Millennial generation tick What do Millennials want from their career and how can employers best incorporate this new young talent into the workforce Understanding Millennials is important to us at PwC after all two out of three of our staff are in their 20s and early 30s That s why we commissioned NextGen a global generational study a comprehensive survey of PwC s own employees What we discovered was many of our Millennial employees do have a different outlook when it comes to work life balance We found that Millennials are unconvinced that the excessive work demands older workers have taken for granted are worth the sacrifices to their personal life They believe international experience is crucial for furthering their careers according to our recent Millennials Survey and a majority 58 seek employers whose corporate responsibility behaviour matches their own ethical standards At the same time Millennials are having to make compromises to get into the workforce that older employees didn t have to worry about These include taking a lower salary working away from their preferred location and settling for fewer additional benefits Millennials also question the traditional structures of how and where they have to do their work Given the technology expectations of a generation that s come of age always being online and places a premium on being connected it s not surprising that Millennials want more flexibility in working hours and schedule In this case however the connected culture seems to be rubbing off on the entire workforce Our NextGen study found that a significant number from all generations want a flexible work schedule and are willing to give up pay and delay promotions in order to get it There are increasingly younger employees a more diverse set of them that are joining the organisation whose aspirations and expectations are very different from what a new set of employees had five years ago Chanda Kochhar MD CEO of ICICI Bank 17th Annual CEO Survey the talent challenge Adapting organisations to attract and retain this new talent is a high priority for CEOs Yet our study The future of work a journey to 2020 found that many HR professionals don t believe their companies are prepared for meeting the needs of a Millennial workforce that demands more freedom autonomy and flexibility Millennials are also presenting themselves as an interesting new consumer segment Their aptitude for technology and social networking will have an impact on the stores of the future as shown in How grocers can get ahead for the future It will also influence the products and services companies offer The CEO Survey highlighted the importance of serving new customers and our insights on the Sharing Economy show how companies are adapting to consumers who look to rent and share products be it cars household tools or even homes that non Millennials have always sought to own What expectations do Millennials have when it comes to the workplace and their careers Hear from

    Original URL path: http://www.pwc.com/gx/en/research-insights/spotlight/millenials.html (2016-02-10)
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  • Spotlight on global economic shifts: PwC
    headed and what companies are doing to maximise opportunities in these markets T content pwc uk en issues megatrends shift in global economic power html target blank shift in global economic power from advanced to emerging economies is a megatrend that s transforming businesses nations and societies The world in 2050 could be one in which China and India stand with the US as the world s biggest economies by far Indeed China could overtake the US this year based on GDP at purchasing power parities But it s not just the growth of the middle class in emerging markets that offers opportunities it s also the Global Emerging Middle the four billion consumers with per capita income just below that of the middle class And we think the next wave of growth of financial markets will take place in the E7 and could be worth 9 trillion calculated in 2012 US dollars It can be hard to absorb the full implications of this shift The real issue isn t so much the speed of economic growth in emerging markets but the rise in interconnectivity of these markets This new paradigm of multinational competition provides opportunities for companies in emerging markets but creates challenges for advanced economy firms seeking growth The most pressing risk in a world with multiple centres of power is being cut out of the commercial loop as trade flows increasingly bypass developed market centres And this requires companies to rethink their business and organisational models But the long term shift in economic power to emerging economies is far from the whole story Over the past couple of years we ve seen some emerging economies slowing down which could be a sign of deeper structural problems than previously thought including an acute skills shortage which is exacerbating infrastructure challenges And elections in key emerging markets are heightening uncertainty in 2014 with questions about the extent to which the new governments for example in India can bring about the changes needed Indeed the challenge for emerging markets is how they can graduate to full advanced economy status over the coming decades something which GDP growth alone won t achieve Advanced economies meanwhile have been mending with the eurozone having pulled back from the brink of disaster and the post crisis recovery underway in the US and UK Yet risks remain The eurozone could be in danger of becoming a one man band Germany drove growth in Q1 2014 while large economies like France and Italy posted disappointing performance Although it may seem like the eurozone crisis has ended businesses must be ready to deal with future eurozone shocks And very loose monetary policy in the US and UK could blow up asset bubbles and destabilise the recovery The difficulty in interpreting the many mixed signals not only of the current environment but also the long term megatrends has heightened strategic dilemmas for business leaders In order to make tough calls on growth business leaders need to bring together

    Original URL path: http://www.pwc.com/gx/en/research-insights/spotlight/global-economic-shifts.html (2016-02-10)
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  • Spotlight on: Winning cities: PwC
    India Italy Japan Mexico Middle East Netherlands Russia Singapore South Africa South Korea Spain Sweden Switzerland United Kingdom United States Complete list of PwC territory sites Spotlight on Winning cities Spotlight on Winning cities Mega events like the World Cup and Olympics often present unanticipated challenges for the cities that host them But managed well they can be a force for positive change Find out more in our selected insights Even before the first ball was kicked in the 2014 FIFA World Cup Brazil s hosting of the event got a bit of a kicking Yet things could look quite different when the tournament ends From home advantage and a short term feel good factor to the global showing of the tournament which importantly could pave the way for foreign investment Indeed our June edition of Global Economy Watch shows a 10 boost to Foreign Direct Investment could translate into an injection of 6 5bn into Brazil s economy Infrastructure investment is helping Brazil to realise its potential Whatever the outcome for Brazil this year s World Cup and readiness for the 2016 Olympics have highlighted the serious challenges mega events pose for host cities in terms of resources and infrastructure So what makes a city or a country best placed to host a mega event It s how you play the game explains that cities and regions should first focus on assessing their long term priorities for development and then bidding on the events that best correlate with those priorities Ultimately mega events can be transformative when planned and financed effectively And despite the bad publicity around the World Cup as a city Rio has transformed everything from security to transportation to urban regeneration Sports aside and as our new Cities of Opportunity study suggests cultural appeal creativity and

    Original URL path: http://www.pwc.com/gx/en/research-insights/spotlight/winning-cities.html (2016-02-10)
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  • Spotlight on cyber security: PwC
    ideas are digitised and shared across global networks and on personal mobile devices As our Global State of Information Security report shows cyber security is no longer the blind spot it was for many organisations Budgets to combat digital vandals spies and thieves have swelled and confidence in corporate capability in this area is climbing But while many organisations have raised the bar on security their adversaries continue to outpace them A feature of cyber security threats is that they re perennial As long as there s innovation and change in the way organisations store and communicate information there ll be opportunities for adversaries to breach and compromise security from individual campaigners intent on causing reputational damage to well funded and commercially or politically motivated hackers So widespread are digital technologies today and therefore the associated threats that it s difficult to conceive a notion of credible leadership that doesn t take account of these risks and responsibilities The cyber savvy CEO provides a quick summary of the issues and some basic steps towards preventing or at least mitigating the risks of a successful cyber attack Look out for PwC s Global Economic Crime survey due for publication in February 2014 for the latest on cyber crime and other established and emerging business threats PwC US partners share their experiences on why cyber security strategy belongs in the c suite and the boardroom More on cyber security Resilience in cyberspace means more than preventing future cyber attacks it means reducing recovery times following such attacks Read more in Resilience Practices PwC US professionals and guests discuss cyber security threats and the steps companies should consider to manage security in this Cyber Security Video Series Cyber Crisis Management A bold approach to a bold and shadowy nemesis examines how you can

    Original URL path: http://www.pwc.com/gx/en/research-insights/spotlight/cyber-security.html (2016-02-10)
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  • Spotlight on: Creating sustainable value: PwC
    and measuring sustainable value As the concept of what makes business sustainable continues to evolve we ve gathered insights and perspectives from around PwC focusing on what organisations are doing to create and measure sustainable value What makes businesses sustainable has moved beyond one dimensional measures like how much diesel they use or plastic they recycle Instead it s become much more about how much they benefit the community or pay in taxes in other words the total impact of their business activities This is hard to measure so tools like our Total Impact Measurement and Management TIMM help to quantify and value the impact as well as helping business leaders identify trade offs and compare options Increasingly companies want to plan for a sustainable future with good growth in mind and to ultimately be able to select the best strategy for their business and their stakeholders Business leaders also need to look beyond their own operations We ve found that companies are making progress in reporting on their approach to climate change including reporting emissions from their supply chains But despite this companies in general aren t cutting emissions fast enough Globally carbon intensity rates have fallen at only 0 7 a year over the last few years But we need to cut carbon intensity by 6 a year every year for the rest of the century if we re to give ourselves a reasonable chance of limiting global warming to two degrees Celsius We ve also learned how private equity houses often the canniest of buyers have come to understand the value of including environmental social and governance ESG metrics in pre acquisition diligence Their work to date though has focussed on identifying and solving potential problems at the beginning of the buy cycle with only 15 measuring

    Original URL path: http://www.pwc.com/gx/en/research-insights/spotlight/creating-sustainable-value.html (2016-02-10)
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  • Blogs: PwC
    CIO check out our Dashboard regularly and keep up with all of today s key trends and developments Eurozone response blog This blog contains the latest news and information impacting organisations helping you and your business stay ahead of the Eurozone pack Germany Bankgründungsblog Establishment of Banks blog in German and English Keep up to date with recent developments regarding the establishment of banks financial services institutions payment service institutions investment companies and alternative investment fund managers Germany Tax and Legal blog in German and English Learn about the latest tax and legal developments from around the world here Germany View all PwC Germany blogs in German Global CEO Insights blog View our unique insights on the CEO agenda as part of our Global Annual CEO Survey Global eBiz eCommerce In year 2015 and beyond This blog covers a wide range of eBusiness topics and trends from industry specific developments to tax issues Read about how the 2015 VAT changes will impact all B2C suppliers of electronic services to EU based customers Do you know what the changes mean for your business Global Mobility blog Global The gender agenda blog Dale Meikle writes PwC s gender agenda blog Read about Dale s experiences and insights as she participates in various global diversity projects events and dialogues Growth Markets Centre Navigating the Growth Markets GMC s blog shares regular updates on key developments in the Growth Markets keeping you up to date with the growth stories of these emerging countries India Industry trends and insights blog Read insights from PwC India experts on the latest industry trends and developments in the dynamic Indian economy Israel IFRS blog in Hebrew Read what our bloggers from PwC Israel have to say on a variety of topics including Moshe Peress s IFRS blog Mexico PwC news in Spanish Read about the latest news events and reports from PwC Mexico Public Sector Matters Globally Sharing ideas internationally on improving public services Access our insights and practitioners Sweden Tax matters As the market leader for Tax Services in Sweden we continually get new insight and with Tax matters we want to convey our knowledge and experience to you Whether you are already a client of ours or if you are just generally interested in the developments in the Tax area with Tax matters we make it smooth and easy for you to find facts knowledge and experience that we have in Tax Services The Strategic Resilience blog This blog offers critical insights on how to effectively address the drivers of global instability be they economic environmental geopolitical societal or technological and come out ahead UK Corporate reporting blog Discussing the issues companies investors and other interested parties should be aware of the blog is aimed at all those with responsibility for communicating and analysing corporate performance UK Economics in business blog This blog focuses on the application of economics to business and real world issues with comment on a wide range of topics from economic forecasts

    Original URL path: http://www.pwc.com/gx/en/blogs.html (2016-02-10)
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  • Global monthly highlights: January 2016: PwC
    We launched the main findings of our 19th Annual Global CEO Survey on the eve of the Annual Meeting at the World Economic forum in Davos Switzerland More than 1400 CEOs from 83 countries shared their perspectives on more gloomy prospects for 2016 Explore what s on the minds of CEOs around the world Paying Taxes 2016 Paying Taxes 2016 the tenth edition of a unique study from PwC and the World Bank Group investigates and compares tax regimes across 189 economies worldwide and ranks them according to the ease of paying taxes The study provides valuable insights into issues that developing countries are facing i e how to enhance the administrative capacities of tax authorities reduce the informal economy and corruption while promoting growth and investment Explore more in our Paying Taxes 2016 report Global economy watch Predictions for 2016 Understand what lies ahead is important for your business planning At the start of the New Year our macro economics team look at predictions for 2016 In addition to making our latest projections for the leading economies of the world our economists set out the key themes we think will prevail in the global economy in 2016 Circumnavigation HELM PwC s Worldwide Economy of the Sea Barometer The seas have always been one of mankind s biggest and most significant natural resources PwC Portugal has been assessing the usage of the seas for 10 years as part of the international HELM project It s a unique barometer of the health of the various industries that depend on the oceans and captures the new and emerging trends affecting them In this report we look in particular at the challenges and advantages of taking an integrated approach to the oceans the issues that arise the practicalities that need to be addressed

    Original URL path: http://www.pwc.com/gx/en/research-insights/highlights/january-2016.html (2016-02-10)
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  • Global monthly highlights: December 2015: PwC
    is signed in Paris we consider the impacts on capital market funding for new national capital projects And with a Federal Reserve rise in interest rates in the US we review the impact of inflation data in the Eurozone The Ten Challenges of Trust in the Digital Age In June to mark the 800th anniversary of the Magna Carta we looked at how institutions of all kinds need to create and maintain trust In part 2 of our exploration of trust in business we focus the challenges for Trust in a digital age Technology creates enormous opportunities and new risks alike We look at how organisations will have to adapt their design to create trust against this backdrop of digital transformation The 24 greatest threats to banking Banking Banana Skins 2015 What risks do banks worldwide face in the current climate and how are they prioritising them PwC and the Centre for the Study of Financial Innovation CSFI have joined forces to learn what banking industry leaders see as the biggest threat Every two years they conduct a survey to explore the risks banks face and how prepared they are to tackle them Find out the 24 greatest threats to the Banking industry in our new Banana Skins report Adapt disrupt transform disappear The 2015 Chief Digital Officer Study The digital revolution is moving fast and spurring massive disruptions and transformations in industry after industry In researching 1 500 of the world s largest companies Strategy found that those in consumer focused industries are at the forefront of the trend Get more insights from Strategy s Chief Digital Officer Study Enhancing business resilience Transforming cyber risk management through the role of the Chief Risk Officer CRO It is time for financial institutions to see cyber threats for what they are

    Original URL path: http://www.pwc.com/gx/en/research-insights/highlights/december-2015.html (2016-02-10)
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