Professional services firm Deloitte will double its workforce of 55,000 in India over two to three years to take advantage of the talent pool that India offers, Deloitte Global CEO Punit Renjen said at the Hindustan Times Leadership Summit on Thursday.
The expansion of Deloitte’s workforce is expected to boost not only services to domestic clients, but also those exported from India. Renjen said the decision is due in part to talent arbitration offered by India.
“We have 55,000 people serving the top government and clients in India and the world from India. We have centers in Hyderabad, Gurgaon and Pune that serve the world. Our plan for the next two to three years is to double that workforce. In part it is due to the talent refereeing opportunity, ”he said.
Deloitte Global refers to Deloitte Touche Tohmatsu Ltd, its global network of member firms, and their related entities, although each of them are legally separate and independent entities. Deloitte operates in some 150 countries with more than 300,000 professionals.
Renjen said that global business leaders do see India’s potential as they modify their business strategies for the new normal created by the pandemic. “This is the century of India. Many are optimistic about India, ”he said, referring to the talent pool and demographic dividend that India has. “All the companies and CEOs I talk to are going to re-evaluate and redesign their supply chains. It is an opportunity for India. India aspires to be a $ 5 trillion economy. Without doubt, we fully agree with that idea. I think it is an opportunity for India to get part of the supply chain moving to India, “said Renjen.
Although 2020 has been a miserable year for nations, the global community, society and individuals, the world is adapting to adapt to the new environment. The pandemic has disrupted business, but there has been a silver lining: There is a better way to tackle problems, including climate change, he said.
Deloitte is developing a hybrid model of online and offline work practices. “We have 800 offices around the world in 150 countries. Will we need 800 offices? Probably not. Will 300,000 people work remotely? No. But we will work in a hybrid way. The pandemic has fundamentally changed the way we work, ”he said.