The Big Four accounting firms have increased the hiring of people from technology backgrounds in India amid an increased focus of clients on digital transformation, especially after the Covid-19 pandemic.
EY India said that it has expanded its overall tech talent pool by 3x in the last three years across service lines including consulting, tax, assurance, and strategy & transactions. Today over 50 per cent of our workforce is from STEM (science, technology, engineering and mathematics) and technology background, it said, adding that it continues to hire significantly in the areas of AI, cloud computing, data analytics and cybersecurity to help its clients in transformation.
Top-tier consulting firms EY, Deloitte, PwC, and KPMG are rejuvenating leadership by promoting younger partners to navigate rapid growth, increased regulatory scrutiny, and technological shifts. The average age of new partners has decreased to 33-35, boosting diversity and talent pool expansion.
Industry officials, however, said the impact of the cut down in hiring is mostly at the senior management and director levels, while companies continue to hire at the top, or the partners level. "Hiring of partners or people who bring in business is pretty aggressive. It is the middle that is suffering, also due to a fall in exits," said a partner.
Companies including Accenture, Cognizant, KPMG, L&T, PwC, and NatWest Group are making concerted efforts to bring in more women in leadership roles, recognising that diverse viewpoints are crucial to fostering innovation and better decision-making, ultimately leading to more success and better profitability for firms.
International company jobs in India: The global capacity centres (GCCs) of transnational companies in India are set to hire around five lakh people in India this fiscal year (FY). Data based on current active openings and ongoing hiring negotiations shows that the net headcount growth for FY24 will likely cross 2,00,000., Companies News, Times Now