The hiring scenario in India is slowly on its way to recovery, and non-IT firms have also announced their hiring plans.
Four of the big consultancies, Deloitte, PwC, EY and KPMG are now planning to hire more than 20,000 candidates for their companies.
Read on for all the details!
Non-IT Firms Like Deloitte, PwC To Hire More Than 20,000 Candidates
Leading law firms and consultancies now have big plans for hiring in India. Deloitte, PwC, EY and KPMG will most probably be hiring around 20,000 candidates in their captive units over the next six months.
A report has revealed that these four consulting firms have witnessed a 15-20% increase in their hiring plans as compared to those of last year. It also states that these consulting firms and other strategy consulting firms such as Grant Thornton, BDO, BCG and McKinsey have already hired about 20000 employees in the previous 6 to 8 months. Additionally, the hiring for the current year is also expected to be increased.
As per reports, Deloitte, PwC, EY and KPMG have a workforce of more than 12,500 people in India. The companies are reportedly planning to increase their workforce by two times over the next 2-3 years.
Punit Rejen, Deloitte Global CEO, has confirmed that the company plans to hire 75000 people in the next 2 years in India. Additionally, chief people officer of PwC India, Padmaja Alaganandan stated that the company has hired more than 600 executives every month in the first four months of this fiscal.
Consultancies Report 2-3% Hike In Revenues In FY-2021
Consultancies have reportedly posted an increase of 2-3% in their revenues in the Financial year 2021 and as per estimates, they will be keeping up with this performance in the current fiscal year also.
LinkedIn data has found that hiring in India recovered from 10% in April to 35% in May.
But financial uncertainty remains, which has made professionals vulnerable after the second wave of the pandemic receded.
This can be seen in the April 2021 hiring rate which was just 10%, a sharp fall from 50% in March.
The new recovery to 35% can be attributed to easing of lockdown restrictions and resumption of economic activity.
Comments are closed, but trackbacks and pingbacks are open.