PwC expects junior hiring to ‘push back up’ across professional services despite AI fears
The chief executive of PwC UK said he expects the hiring of young people across the professional services sector to “push back up”, challenging the notion that AI is replacing junior work and slowing entry-level recruitment. Marco Amitrano, the Big Four giant’s UK chief executive and senior partner of PwC UK and the firm’s Middle [...]
PwC UK's chief executive, Marco Amitrano, anticipates a rise in hiring young professionals across the professional services sector, countering worries that artificial intelligence (AI) will diminish entry-level recruitment. According to Amitrano, during a recent discussion with the Chartered Management Institute's chief executive, Ann Francke, PwC is "expecting" a resurgence in graduate recruitment and the hiring of young talent.
Despite growing apprehensions about AI's impact on administrative work traditionally performed by junior employees, Amitrano maintains that the industry and PwC specifically are not experiencing a decline in hiring young people. He emphasized that the firm is consistently recruiting around 1300 entry-level candidates, similar to the previous year.
Amitrano attributes the recent slowdown in hiring to economic instability and reduced investments from clients, rather than AI. He predicts that as clients resume investment and demand for professional services increases, PwC's recruitment of young professionals will also rebound. To prepare for this future, PwC is investing in AI tools and education to ensure graduates entering the workforce possess both technical skills and essential "human skills."
Amitrano highlighted that AI will permeate every job across all sectors, and firms must adapt to remain competitive rather than fear or resist the technology.
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