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Wednesday 21 September 2022

Deloitte UK plans 40% growth in consulting headcount by 2027

LogoDeloitte UK has set itself the objective off adding a further 3,500 employees to its roster of consultants over the next five years. If achieved, the expansion will result in an advisory headcount of some 11,000 professionals by 2027. The planned increase in personnel builds on a c.25% growth in the Big Four player’s number of UK consultants during FY22 (the twelve months ended 31st May). It also follows the lead of rival EY which in April declared its intent to double the size of its consulting capability here to over 10,000 staff by 2026 (see here).

Recruitment will focus on bolstering Deloitte’s digital transformation and technology skills with around a third of the new hires to be made outside London. There will also be a significant increase in the firm’s annual intake of graduates and apprentices which will rise by 50% to 700 during the current financial year. It is also likely that Deloitte will continue to boost its UK SITS capabilities through acquisition adding to the purchases of SAP specialist Keytree in 2020 and digital apps developed Etain earlier this year.

As we noted in our recent UK SITS Consulting Supplier Rankings report, the market these services has been enjoying somewhat of boom of late. In the face of a worsening macro-economic outlook, however, we anticipate that the pace of growth will halve next year and remain more subdued until 2025.  In recent months we have also seen a steady stream of announcements from both established and aspirational suppliers outlining their aggressive expansion plans for this segment over the next few years. Delivering on its consulting ambitions will not be without either its challenges or challengers for Deloitte UK.

Posted by: Duncan Aitchison at 09:30

Tags: consulting   growth   big+4  

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