Big Four, audit firms roll out 10-15% pay hikes, bonuses ahead of 2027 auditor rotation
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Audit firms like EY, Deloitte and PwC rolled out 10-15% pay hikes and bonuses this year.
- ✓Top performers got up to 28% raises as firms battle attrition.
- ✓"If firms are rolling out a 25%-plus increase in salaries, then they are doing it for retention," said Roopank Chaudhary of Aon.
Story at a Glance
- Category
- Indian Markets
- Reported By
- mint
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Summary
Top performers at firms like EY, Deloitte and PwC pocket up to 28% raises as advisory majors battle attrition and gear up for over 600 mandatory client rotations next year.
New Delhi: Retention is the keyword for audit and advisory firms this year.
They rolled out neat 10-15% increments this year, apart from bonuses, special monetary rewards and promotions. While the raises are in line with what the firms offered last year, top performers in some cases received hikes of 25-28%.
The increments come as firms try to retain employees and expand their teams to prepare for the next round of mandatory audit rotations. The firms are also getting the workforce to rework their skill sets as artificial intelligence (AI) becomes an integral tool, noting that going ahead, billing and compensation will be linked to how employees use AI tools.
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