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Deloitte global 2006 revenues to exceed US$20bn
 
 At the recent Deloitte
Annual World Meeting in
Singapore, Deloitte CEO
William Parrett
announced that aggregate
member firm revenues for
2006 will exceed
US$20bn.
   He reported that all
services (audit, tax,
financial advisory and
consultative services)
experienced double-digit
or near double-digit
growth. This will be the
 
  
   
 
 
 
 
 quarters of the world’s
largest companies, and
audit about a quarter of
them.”
   Parrett offered a
note of caution however:
“While Deloitte member
firms offer a broad
range of services,
because of the risks
associated with the
assurance business, it
is particularly in this
area that Deloitte
member firms must be
 
 seen as upholding ‘the
standard of excellence’
(the Deloitte vision).”
   Becoming the standard
of excellence is a major
focus of the meeting,
and Deloitte reported
strong progress towards
the new strategic
direction it announced
in 2005.
   Key achievements
include growing brand
recognition, new member
firm account management
 
 technology,
service/product
innovation, hiring of
new industry resources
by the member firms (200
specialised industry
partners and directors
in the last 18 months),
continued development of
internal quality control
standards, and continued
investment in developing
markets, including China
and India.
  
 
 4th year of double-digit
growth and the 13th
consecutive year of
growth.
   Parrett said: “I am
extremely pleased with
the results, but not
surprised given Deloitte
member firms provide
services to almost three
 
 
Xansa wins £75m outsourcing extension with Barclays
 
 Xansa has extended its
relationship with
Barclays through a new a
five-year deal worth at
least £75m.
   This new arrangement
 
 will be delivered
through the
four-year-old joint
venture between the two
companies, of which
Barclays owns 51%.
 
    The joint venture,
which was formed to
provide a broad range of
technology and business
change management
services to the retail
 
 and commercial units of
Barclaycard, will
continue to supply those
services. The contract
has also been expanded
to encompass some of the
 
 services currently
delivered to the wider
Barclays Group by
Xansa.
  
 
 
PCG welcomes public sector contracts portal
 
 The Professional
Contractors Group (PCG),
whose aim is to protect
and promote the
interests of the
freelance community in
the UK, has welcomed a
new internet portal for
public sector
procurement contracts,
officially launched by
the Department of Trade
and Industry this week.
   PCG’s policy officer
John Kell said: “We have
been calling for easier
 
 access to public sector
contracts via a central
portal, and this is
welcome news indeed for
the UK’s freelance
consultants and
contractors. Small
consulting businesses
should be able to
compete on a level
playing field for public
sector work, and we hope
that it will become
compulsory for all
government contracts to
be published on this
 
 site, irrespective of
size.”
   The new portal does
not remove the barriers
freelancers and small
businesses face
–excessive requirements
for funds and insurances
to be in place before a
tender can even be
submitted, and
unsuitable, inflexible
supply chains – but the
PCG says at least small
businesses can now see
what is available.
 
    “Government projects
have developed a
reputation for being
delivered late, over
budget and often to a
poor standard. Opening
them up to more
competitive tendering by
smaller, more flexible
contractors should help
improve delivery,” said
Kell.
   The PCG said some of
its members who have
already registered for
the service report some
 
 anomalies in the
portal’s functionality,
such as matching
requirements to
services; the
organisation hopes that
these are simply
teething problems and
will be resolved
speedily.
  
 
 
Consultants' Forum
When to do an MSc
 
 “Hi everyone.
   I graduated last year
in Economics at the LSE
(2:1).
   I have worked in a
couple of places before
landing in Deloitte two
 
 months ago. To my
surprise I have
discovered that I enjoy
commercial strategy and
that I am good at it.
   I am considering an
MSc Management instead
 
 of an MBA for the
theoretical emphasis and
to strengthen my
analytical and research
skills.
   My question is: since
in a year’s time I will
 
 have been two years
working but only one
doing what I want,
should I apply for the
07/08 intake or wait yet
one more year? Would
that decrease my chances
 
 to be taken?
   Thanks everyone.”
   MB
  
  
  
 
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