Talent battle hots up in China
Big Four looks to boost numbers during skills shortage
The Big Four are set to battle each other for accounting talent in China as
the firms look to hugely boost their numbers in the growing market.
Staff numbers among the largest firms are expected to grow by more than 20%
this year, according to the Financial Times, as demand for
international accounting expertise soars due to state-owned enterprises looking
to list overseas.
However the firms are likely to be fighting it out for the same people, due
to a lack of qualified accountants in the country. The report claims that
PricewaterhouseCoopers has the most ambitious plans, with the firm aiming to add
another 1,550 graduates and up to 700 other experienced people to its Hong Kong
and China staff of 6,450.
Deloitte is planning to add 1,500 extra staff, KPMG wants another 1,300 while
Ernst & Young is looking to add 800 in mainline China alone.