Performance management – the term most businesses use to describe their processes for evaluating and rewarding employees – is evolving. As described in a recent HBR article, “To better support employee development, many organizations are dropping or radically changing their annual review systems in favor of giving people less formal, more frequent feedback that follows the natural cycle of work.” But this evolution has given rise to new questions concerning how employees should be supported and rewarded: Should pay and performance be linked? Should rewards include non-monetary incentives? What learning opportunities do employees need to achieve higher performance?
In partnership with the Landegger Program in International Business Diplomacy, PwC is searching for students to participate in a semester-long, team-based learning experience to investigate the future of performance management in business.
How does it work?
Interested students should submit individual applications for the Spring 2018 Field Study. PwC will select 5-6 students to form a Field Study team. Over the course of the semester, the team will receive personalized coaching and guidance from senior consultants in PwC’s People & Organization Practice (www.pwc.com/us/en/people-management/index.jhtml) as they work to research a real, talent-related challenge that PwC is aiming to solve. At the end of the semester, the Field Study team will present a final deliverable to PwC leaders, which will influence PwC’s global talent strategy.
Who is eligible?
Undergraduate and Graduate IBD Candidates, as well as students enrolled in an IBD gateway course and/or graduate students with prior private sector experience. Preference will be given to students already accepted into the IBD Program.
What is the time commitment?
Each team member should plan to dedicate approximately. 8 hours per week to the Field Study, as well as one or twoincluding one day-long workshops, two team meetings per week, and individual research. The Field Study will run from mid January through mid-to-late April.
Do participants receive compensation?
The Field Study is an interactive learning experience that does not include compensation. However, participants will receive coaching and guidance from senior PwC consultants throughout the semester.
What do past participants have to say about the experience?
-What did you like about working on the PwC Field Study project?
"My expectations about alumni engagement were surpassed! The alumni were very committed to our learning and development and gave us exposure to others in the firm."
"I liked working with an interdisciplinary team of colleagues and getting out of my program bubble. I learned a great deal from my teammates and about myself."
"I really liked presenting to executives at the firm at PwC headquarters. I had to focus on being on my A game in my presentation skills."
-Why did you decide to participate in PwC Field Study?
"I wanted to dip into consulting and learn about working in teams and giving feedback."
"I wanted a better understanding of what it would be like to be on a consulting project that had real world consequences and outcomes. I also wanted some alumni mentorship."
"I thought the topic was interesting and wanted to learn more through an actual experience."
What do PwC leaders have to say about the past field studies?
"I was blown away by the final presentation, tangible actions and data . . . The team was so professional, prepared and passionate….The team nailed it . . . beyond expectations!"
"We welcome your thought leadership!"
"The...client for the field study, was very pleased with the quality of the recommendations and is sharing the findings with members of our Global Human Capital leadership team. I have attached the team's work product below, which was top-notch."
"Your research, analysis and presentation turned out great. Well done."
How do I apply?
Applications are due by 5pm ET on Sunday, January 15th. Please complete the application form below and submit it electronically.
Who can I contact with questions?
Please direct questions to Danny Fortin at email@example.com
1. Please block your calendar to attend a kickoff workshop at Georgetown University on Saturday, January 20th from 1pm - 5pm ET. Participation is mandatory for those who are selected to join the team.
2. Briefly respond to the questions in the online questionnaire by 5pm ET Sunday, January 15th.
3. In addition to completing the online questionnaire, please email your resume, saved as Field_Study_[insert your last name]_Resume, to Rosie O’Neil at firstname.lastname@example.org.
4. All applications submitted by the deadline will be reviewed with equal weight, but early submission is encouraged. You will be notified of the disposition of your application by January 17th. Students will have 24 hrs to respond to an invitation to join the team.