Source | economictimes.indiatimes.com | Rica Bhattacharyya | Sachin Dave, ET Bureau
The Big Four professional services firms — Deloitte, PWC, EY, and KPMG — are on a hiring spree in India, prompted by an all-time high demand for consulting services from companies across sectors trying to navigate through rapid technology adoption after the pandemic.
These four top consulting companies and their shared services units in India are likely to hire about 80,000 people in the next 12 months to cater to the demand of business growth and due to high attrition, according to estimates by top company officials and industry insiders.
According to exclusive data shared by specialist staffing firm Xpheno with ET, in the financial year 2021-22, the Big Four and their subsidiaries in the country together created about 55,000 new jobs. About 52,000 of these jobs were created in the technology function alone, as companies sought professional help amid an accelerated pace of digitisation.
Gross hiring for these companies stood at 88,000 for the fiscal year, including the headcount refill due to an annual attrition rate of about 23%, showed the data. This was the highest year-on-year headcount growth of 36% in this cohort of companies.