Last Updated on August 6, 2023 by Robert C. Hoopes
Deloitte, a prestigious Big Four accounting and professional services firm, recently made an announcement that has caught the attention of new consultant recruits. These individuals will now have their start dates delayed until 2024. The start dates for most new hires will be pushed back to February, while some may not join until the spring. This news comes as a surprise, as the initial start dates were scheduled for July and August.
Deloitte, known as one of the top consulting firms globally, is a highly sought-after employer for MBA graduates. With over 100,000 employees worldwide, the firm offers lucrative career opportunities. Despite the delay in start dates, Deloitte has assured new hires that their offers will not be rescinded. However, it is important to note that start dates could potentially face further delays in the future.
This trend of delayed start dates is not exclusive to Deloitte, as other top firms in the industry, such as Bain & Company, have also experienced similar setbacks. Bain & Company even went so far as to offer $40,000 to their 2023 hires to defer their start dates until April 2024. In comparison, Deloitte has offered recruits between $3,800 and $12,000 for the deferred time. It is worth noting that typical consulting salaries at the firm are well above $100,000.
The reasons behind these delays are largely attributed to the ongoing global uncertainties caused by the COVID-19 pandemic. The ever-changing business landscape has forced companies to reassess their hiring strategies and timelines. Despite these challenges, Deloitte and other firms remain committed to providing a stable and promising career path for their new recruits.
In conclusion, Deloitte’s decision to delay new consultant start dates until 2024 has brought about some adjustments for its new hires. However, this delay does not indicate a withdrawal of employment offers. Similar delays have been observed across the industry, with firms offering financial incentives to applicants willing to wait. As the world continues to navigate through the pandemic, it is crucial for companies like Deloitte to adapt and ensure a smooth transition for their employees.