Deloitte plans to have around 30% of its workforce operating from India within the next four years, with an estimated total employee count ranging from 150,000 to 160,000, as the country figures prominently in the firm’s global growth plans, according to Romal Shetty, CEO, Deloitte South Asia.
Back with more from the accounting career mailbag: a former Deloitte employee left the firm recently only to discover that life outside public accounting isn’t all that it’s cracked up to be. Should they return to the Greed Dot???
I am writing to you in the hopes that you can provide some insight. Here is my situation, I worked at Deloitte for about four years now in the Pacific Southwest region of the US. I recently quit and took a job at one of the big public Companies in my city. After being there for a couple of months I’ve realized that I am kind of bored and am considering going back to public accounting.
The partner I worked for at DT told me to call him anytime. Before I make that call I wanted to get some input. If I go back I’ll be a manager within a year, does the job function change that much like they are telling me? I’m single and in the long term I’m not sure what I want, for now I just want to work get some more experience and then figure it out.
Considering Going Back
Dear Considering,
Your problem is not an uncommon one. Many people have spent their entire careers bitching about life inside public accounting only once they leave, they come to the conclusion that they never had it so good. There are a couple of ways to interpret this:
1. You really do love public accounting and you truly believe it is your calling in life.
2.
Of course every situation is different and in your case, you’re looking at a promotion to manager in a year. Let’s give the partner the benefit of the doubt here and consider your question about life as a manager. Personally, we didn’t have the pleasure of reaching the rank but know plenty of friends and colleagues who did and many, many, many of them said it was their toughest year of their career to date.
What happens is that your auditing skills become less important and your time management and people skills begin to take center stage. Can you handle staffing issues? Prepare a presentation for a RFP? Convince a partner that a client really isn’t that pissed and you’re not getting fired (when, in fact, the opposite is true)? This is just a taste of your responsibilities. OH! And do you like reviewing other people’s work? Because you’ll have to squeeze that in as well.
Now that we’ve scared the living daylights out of you – it sounds like you’re more concerned with enjoying your job and getting good experience rather than money. That’s rare around these parts, so good for you.
Bottom line is this – if you’re not happy at your current job and think that career bliss awaits you back at the Green Dot with Sharon and the Costanza Twins, you should go back.
Peanut gallery – what do we think here? Back into the belly of the beast or is it a huge mistake? Fire away.
And that’s not a compliment. The Australian Financial Review reports: Deloitte has attacked the way […]
7 thoughts on “Deloitte Plans to Have a Third of Its Workforce Operating From India Within the Next Four Years, Says South Asia CEO”
Dey took er jobs! But for real, good freakin luck, Gen Z accountants, Boomers are building the ship to wreck.
Deloitte is on the way to becoming Infosys
I worked at Big4 and the quality of work from South Asia is crap. Besides the language barrier, they don’t care because they’re paid crap salaries.
Interesting how none of the commenters nor the author of this post is asking whether this is Deloitte India growing significantly due to in-country growth ops and its headcount is poised to grow to the levels projected by the CEO of Deloitte South Asia, or if the headcount growth is coming from Deloitte US India, which is the offshore arm of the US firm. It’s one thing if it’s growth of client-facing roles within the Deloitte India firm, it’s quite a bit different if the growth is coming from the backoffice functions of Deloitte USI.
It’s offshoring.
And how many India partners will there be? Can anyone say Zero/Notta/None?
>>Deloitte plans to have around 30% of its workforce operating from India within the next four years, with an estimated total employee count ranging from 150,000 to 160,000, as the country figures prominently in the firm’s global growth plans, according to Romal Shetty, CEO, Deloitte South Asia.<<
This isn’t new. A number of the large tech companies are in the process of getting their teams to determine how much of their workforce can be moved abroad. Taking away jobs from Americans because the labor in other countries is “cheaper” just to save money, offer less benefits, and continue growing…
Comments are closed.
Before you go!
Are you Looking for a fresh accounting career opportunity?
Going Concern now has thousands of open accounting jobs.
Dey took er jobs! But for real, good freakin luck, Gen Z accountants, Boomers are building the ship to wreck.
Deloitte is on the way to becoming Infosys
I worked at Big4 and the quality of work from South Asia is crap. Besides the language barrier, they don’t care because they’re paid crap salaries.
Interesting how none of the commenters nor the author of this post is asking whether this is Deloitte India growing significantly due to in-country growth ops and its headcount is poised to grow to the levels projected by the CEO of Deloitte South Asia, or if the headcount growth is coming from Deloitte US India, which is the offshore arm of the US firm. It’s one thing if it’s growth of client-facing roles within the Deloitte India firm, it’s quite a bit different if the growth is coming from the backoffice functions of Deloitte USI.
It’s offshoring.
And how many India partners will there be? Can anyone say Zero/Notta/None?
>>Deloitte plans to have around 30% of its workforce operating from India within the next four years, with an estimated total employee count ranging from 150,000 to 160,000, as the country figures prominently in the firm’s global growth plans, according to Romal Shetty, CEO, Deloitte South Asia.<<
This isn’t new. A number of the large tech companies are in the process of getting their teams to determine how much of their workforce can be moved abroad. Taking away jobs from Americans because the labor in other countries is “cheaper” just to save money, offer less benefits, and continue growing…