Rapid Response: Inside a $2.4 billion bet on talent, w/PwC's Tim Ryan
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 19 May 2022
⏱️ 39 minutes
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Summary
With the workplace in historic flux, consulting firm PwC is committing a whopping $2.4 billion to create an employee engagement platform offering a radically new level of choice. PwC’s U.S. chair, Tim Ryan, shares why the bold initiative is necessary in the face of the Great Resignation. It's just one of several evolving crises, Ryan says, that has made leading a business more complex and demanding than ever.
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Transcript
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| 0:00.0 | Hi listeners, it's Reed. If you've ever felt stuck, if you can't get out of a rut or |
| 0:05.1 | over a hurdle, well, you're in good company. Every entrepreneur I've spoken to on Master's |
| 0:10.1 | scale has faced that moment at some point in their career. And so have most of the world's |
| 0:15.9 | greatest artists and creators. In fact, anyone who has ever tried to bring a bold, new |
| 0:21.3 | vision of life can probably relate. That's why I want to recommend another podcast that |
| 0:27.1 | will help you break out of the mold and cultivate a creative mindset. It's called Spark and Fire, |
| 0:34.0 | and it's produced by the same award-winning team that's behind Master's scale. Spark and Fire |
| 0:39.1 | is designed to fuel your creativity and innovation with epic stories and memorable takeaways from |
| 0:45.2 | creators at the top of their game. So take a quick moment right now to search for Spark and Fire |
| 0:51.6 | in your podcast player and follow the show. I've gotten a sneak peek in the some of their upcoming |
| 0:57.2 | episodes and trust me, you won't want to miss what's in store. Today's workplace, we were built for |
| 1:05.3 | the 20th century, not the 21st century. We really looked at the mirror and said, what our employees |
| 1:12.5 | want is not the way the firm is designed and we decided to take on changing every business |
| 1:18.7 | process in the firm. You can't do it on a sustainable basis just only by throwing money at the problem, |
| 1:26.5 | but it's where do you drive differentiates because if we're going to be relevant, then we need to get |
| 1:31.6 | there quickly to make sure we're not on the short end of that deal. Whoever has the courage to really |
| 1:37.5 | create an environment where people feel the best about themselves, heart and mind, they're going to |
| 1:42.5 | create the best kind of experiences. That's Tim Ryan, Chair and Senior Partner at PWC, the Global |
| 1:54.2 | Professional Services firm. PWC recently announced a staggering $2.4 billion plan to create a new |
| 2:01.9 | digital platform for employee engagement that they believe will radically redefine the workplace. |
| 2:07.9 | I'm Bob Safian, former editor of Fast Company, founder of the Flux Group and host of Masters |
| 2:12.8 | of Scale Rapid Response. I wanted to talk with Tim because as the War for Talent gets more |
... |
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