Deloitte, KPMG, PwC, EY On Hiring Spree In India
The digital technology has been going through reforms owing to the COVID-19 pandemic resulting in high demand for consulting services by tech companies.
The big four professional services firms—Deloitte, KPMG International Coop (KPMG), PricewaterhouseCoopers International Ltd (PwC) and Ernst & Young Global Ltd (EY) seem to be focusing on India for recruitment since the start of 2022.
According to the latest data revealed by GlobalData—a data and analytics company, EY had the highest job postings for India among the four during Q1 2022, followed by Deloitte, PwC, and KPMG, respectively.
Sherla Sriprada, Business Fundamentals Analyst at GlobalData, says: “India was trending in terms of job postings in Jan-March, 2022. The US had the most posted jobs in same period last year. As companies look at enhancing productivity through rapid technological adoption in the post-COVID era, ‘big data’ and ‘cloud’ were trending themes for India roles posted by the big four during Q1 (January-March), 2022.”
During Q1 2022, EY also looked at cloud opportunities by hiring for ‘Client Technology - Platform Engineering - Cloud Platform Technical Lead - Assistant Director’ to build cloud-related applications and business solutions. EY expects to deploy newly created applications and products to drive cloud-related growth opportunities for clients.
Deloitte’s role ‘Consulting - Business Operations - Director - Cloud Infra & Engineering 1’ looks at opportunities around cloud architecture, digital transformation, data centres. The role and team will use cloud engineering to improve agility, resilience, and identify automation opportunities via cloud.
These big companies are also hiring for sustainability-related roles in India. Deloitte’s ‘Consulting - ET&P: Supply Chain and Network Operations (SCNO) – Director’ role looks at sustainability - increase enterprise value by improving social and environmental performance investing in resource management, supply chain, strategy, and reporting.
PwC Announced Investment
PwC is hiring for ‘Environmental, Social, And Governance (ESG) Manager _Operations Transformation Consulting-CM’ to deliver on various client engagements related to climate strategy, net zero, and ESG analytics.
EY is hiring for ‘GDS Assurance- Executive Director-ESG leader’ for its India location.
Sriprada concludes: “ESG continues to gain traction across the big four firms, which are likely to enhance focus across the Asia-Pacific region. Deloitte is investing USD 1bn (INR 7,500 crore) globally in sustainability and climate service. In 2021, PwC also announced an investment of USD 12bn (INR 90,000 crore) with an ESG-related hiring drive over the next five years.”
Hiring Rate In FY 2022
According to a Xpheno data report, the Big Four companies planted about 55,000 new jobs in FY22, ending March 2022, of which 52,000 accounted to the technology sector alone.
As per the data, gross hiring in the financial year surged 36 per cent on a year-on-year basis in FY22 to 88,000-- the highest YoY headcount growth in the group of these four giants.
The figure of 88,000 headcount in the fiscal year included a refill due to a 23 per cent annual attrition rate. The consulting firm PwC India created 3,000 jobs in FY22.
The IT services sector in India created more than five lakh new jobs in FY22, doubling the earlier projected net growth of its active workforce for the fiscal, according to data.
The job creation was led by Indian IT services marquees such as TCS, Infosys, Wipro, Tech Mahindra, Mindtree. Apart from that, the sector also gained from net additions by MNCs like Accenture, Capgemini, Cognizant, IBM, Oracle.