New Delhi: Deloitte today reported aggregate member firm revenue of US$46.2 billion for the fiscal year ending 31 May 2019 (FY2019). This is a 9.4 percent revenue increase in local currency and a US$3 billion increase over last year.
“At the core of Deloitte’s culture and business model is the fundamental belief that we exist to make a positive impact for clients, our people, and the communities in which we live and work. Our performance in FY2019 is evidence that a purpose-led approach works,” says Punit Renjen, Deloitte Global CEO. “Disruption and transformation are shaping business and society today, imposing new and urgent responsibilities on business leaders. Deloitte is meeting the challenges by building an equitable and sustainable business for the long term and holding itself accountable for the triple-bottom line of people, profit, and planet.”
People – Diversity and inclusion power the workforce of the future
Deloitte believes that its workforce must reflect the world around it if it is to succeed in solving its clients’ toughest challenges.
This year, Deloitte launched an initiative to globally coordinate its diversity and inclusion efforts. This is part of Deloitte’s long-standing commitment to talent development and building a workforce with the skills to solve the business and societal challenges of the Fourth Industrial Revolution. The key focus of the initiative is an effort to attract, retain, and increase the representation of women and minorities at all levels within Deloitte.
“While we are proud of our progress, we know we have more work to do to enable the next generation of leaders to reach their full potential. We are making conscious efforts to take steps to increase the number of women and underrepresented minorities in our leadership ranks throughout the organization, while recognizing that diversity and inclusion efforts are most successful when supported by the right environment, culture, and policies,” says Michele Parmelee, Deloitte Global Chief People and Purpose Officer. “Our strategy includes using data analytics to inform actions, modifying talent processes, setting global standards, and providing our people with more development, sponsorship, and leadership opportunities.”
In FY2019, Deloitte increased its workforce to approximately 312,000 professionals, a 9 percent increase. Growth occurred across all regions, with more than 90,000 professionals hired.
As Deloitte’s workforce continues to grow and as transformative technologies─such as digital, cloud, analytics, and artificial intelligence (AI)─become increasingly pervasive, Deloitte is focused on equipping its people with new capabilities that will enable them to be more tech savvy and future-ready. This, in turn, will allow Deloitte to help clients capitalize on these revolutionary innovations.
Deloitte combines common curricula, technology, and innovative learning facilities, such as Deloitte University (DU), to provide its people with consistent leadership, industry, and technical capabilities. Deloitte’s significant long-term investment in the Deloitte University system enables its people to advance their careers and participate in leadership-development programs in a world-class learning environment. In FY2019, nearly 133,000 Deloitte people around the world experienced DU. Additionally, a new personalized digital experience, powered by AI and machine learning, will provide Deloitte professionals with learning recommendations and access to the latest knowledge and skills-based learning they need, when and where they need it.
In addition to preparing its people and clients with the skills required for the jobs of the future, Deloitte is committed to helping millions of people around the world find meaningful work in the new economy. By 2030, Deloitte’s global societal impact initiative, WorldClass, aims to empower 50 million people by improving education outcomes, developing job skills, and providing access to opportunities. Since launching two years ago, WorldClass has reached 5.3 million people. This year, WorldClass continued to expand, reaching 3.8 million people and launching new programs in India, China, and South Africa.
In alignment with Deloitte’s global diversity and inclusion initiative, WorldClass includes a focus on identifying community opportunities and stakeholders who can raise the aspirations, confidence, and engagement of girls and young women, thereby preparing them for jobs, entrepreneurial endeavors, and the Fourth Industrial Revolution. For example, WorldClass in India is focused on accelerating high-impact solutions and promoting cross-sector collaboration with businesses, government, and nonprofits in order to help 10 million girls and women be better prepared for the future of work.