Top Indian IT service providers have become the biggest poaching ground for the Big Four accounting and consultancy firms such as Deloitte and EY, fuelling the record attrition rates faced by the domestic firms, data exclusively sourced by ET showed.
Over 15% of the net addition by the Big Four accounting firms – Deloitte, EY, PwC, and KPMG – are from the top five IT companies in FY22.
Experts say better pay and the addition of global companies to their bio-data make employees opt for the Big Four, even as these firms expand their presence in the country to strengthen their tech offerings and platforms related to tax and accounting.
Accounting firms such as Deloitte and EY have hired more employees on a net basis in the year ending March 31, and the two companies have become one of the top recruiters of IT talent laterally, according to data shared by specialist staffing firm Xpheno.
The study of the Big Four talent movement shows a majority of the top five sources that they have hired from last year are IT companies. Userwalls