The majority of the professional services organizations are focusing on enhancing their digital and technology services by embarking on a new technology journey as part of their post-pandemic business transformation strategies. The pandemic has brought to the limelight the importance of technology maturity and having a robust digital strategy to survive and stay ahead in the game. This requires skilled assets to navigate the business transformation and hence organizations are on a hiring spree. Cloud, data analytics, cybersecurity, enterprise platforms are some of the digital and technology services
witnessing a huge demand for skilled talents.
The demand for consultants and lawyers is at its highest peak post-pandemic. Consulting firms like Deloitte, KPMG, EY, and PwC have increased hiring by 20% as compared to pre-pandemic figures. Combining the figures of BDO, BCG, Grant Thornton, and McKinsey, we see more than 20,000 professionals being employed in the last 6-8 months alone. Additionally, these firms plan to add more than 20,000 professionals in the coming few months.
Many leaders are elated to notice the positive movement in their hiring trajectory. They largely credit it to the optimistic economic environment, clients’ focus on value creation, and a buoyant capital and transactions market. Alongside consultants, lawyers are seeing an uptick in the recruitment process, especially focused on areas like strategic M&As, digital investments, consolidation of assets, and company restructuring. More than 250 professionals were hired by top law firms in the last 5 months.
The immense talent shortage has resulted in a talent war which is translated into an average 20% hike to more than 100% in certain cases. The post-pandemic business transformation is a huge opportunity for skilled consultants and lawyers.