Amidst the pandemic gloom, the Indian job market is picking up slowly and steadily! Several top IT firms have planned to hire thousands of freshers from campuses across India during the financial year of 2021-2022.
And as per latest reports, not just the IT firms, even leading law firms and consultancies also have big hiring plans for India. Many companies are reportedly seeking professional help to navigate through business transformation after the pandemic.
Reports suggest that four big consultancies - Deloitte, PwC, EY and KPMG are likely to hire around 20,000 candidates in their captive units over the next six months. According to a report published in a timesnow news, these four consultancies have witnessed a 15-20% hike in hiring activity as compared to last year.
The report also stated that these companies and other strategy consulting firms such as Grant Thornton, BDO, BCG and McKinsey hired around 20,000 employees in the last 6-8 months. And hiring for the current year is expected to be even higher. Deloitte, PwC, EY and KPMG collectively have a workforce of over 125,000 people in India and have plans to double the manpower in the next 2-3 years.
Speaking to the times now news, Deloitte Global CEO, Punit Rejen said that the company has plans to hire 75,000 people in the next 2 years in India. On the other hand, chief people officer of PwC India, Padmaja Alaganandan told the business daily that the company hired over 600 executives every month in the first four months of this fiscal.
Despite the economic devastation during Covid-19 lockdown, consultancies posted 2-3% increase in their revenues in the FY21 and they are expected to follow this performance in the current fiscal as well.