MUMBAI : Leading consultancy and audit firms have taken definitive steps relating to human capital even as India Inc.
tries to gauge the impact of the Covid-19-related slowdown and works to save jobs. PwC India, Deloitte India, Ernst and Young or EY India have all decided to defer their employee appraisal cycles, which includes deferring promotions and bonuses, because of the virus outbreak, said officials working with these firms.
KPMG India will take a decision next week but the senior partners may decide to forgo some of their incentives and bonuses. The appraisal cycle could also be deferred, said a person aware of the matter, who declined to be named. “We will be in a better position to comment on this next week as we are still