Deloitte’s UK workforce is set to receive larger bonuses and stronger pay rises this year after the firm performed ahead of its profit targets, according to the Financial Times.
In an email to employees seen by the FT, Deloitte UK chief Richard Houston said the firm’s bonus pool would rise by 14%.
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When approached by International Accounting Bulletin, Deloitte declined to comment.
Average salaries are due to increase by 4.2%, compared with 2.9% last year.
Houston said the firm had increased revenue through better productivity and by identifying fresh client demand for advice on AI adoption, deals and supply chain resilience.
A greater share of employees will also be promoted.
He told staff that 28% of employees – around 6,000 people – would be promoted at the start of Deloitte’s new financial year next month, up from 25% a year earlier.
Houston also said Deloitte now expects to surpass its profit plan for the current financial year. He linked this in part to “improved pricing” and higher staff utilisation, meaning more billable hours were recorded.
He also referred to the use of “delivery centres”, a term the firm uses for satellite offices, often based in lower-cost offshore locations.
The pay and bonus increases come after a weaker year for Deloitte in the UK. The firm reported a 1% fall in revenue in 2025, its first decline since 2010, driven mainly by softer performance in consulting as clients delayed spending on large projects.
“While market uncertainty looks set to continue, we are a resilient and agile firm,” Houston wrote, referring in his email to higher energy prices, inflation and “expectations of rising interest rates”.
Despite the revenue decline in the year to May 2025, average pay for Deloitte’s partners rose 4% to £1.05m ($1.41m) after the firm reduced costs.
Deloitte had already tightened spending and travel rules in 2024 as the consulting market came under pressure following the easing of the pandemic-era surge in demand.
In his staff email last year, Houston said Deloitte would make fewer promotions, lower the average salary increase and reduce bonuses in its consulting division by 20% after profits in that business fell short “materially”.
