advertisement
  • One on One
    Subscribe
     

Kennedy Corner

  • »Time To Simplify and Get Organized (Well, At Least Your Cloud Services)
    The practice of adding cloud services in silos and based on specific department needs often results in overlapping and many different contracts with the same vendors.
  • »Riding the Waves of Healthcare Risk
    The modern healthcare system is much like the ocean—stormy, choppy, and hostile at times, soothing, calm and inviting at others. For surfers, the more waves you go for, the more you will catch, and the more likely you’ll “wipe-out.”
  • »The Department of Defense Wants a New Mantra
    “Do more with less.” It’s become a tired refrain that U.S. Department of Defense leadership is all too familiar with hearing from all directions, whether it is their direct superiors, Congress, or the Executive.
  • »Things Go Wrong
    Things go wrong. Anyone who plays poker knows this. One moment you’re on the verge of a royal flush, and the next, you pull a six of diamonds, and you’re called. Things do indeed go wrong.
  • »The Next Big Thing
    Consultants are always looking for the next big thing, the innovation that will see clients storming through their gates, bypassing pesky procurement departments, and writing blank checks for the magic mousetrap that whitens and brightens and cleans windows, too.
  • »JP Morgan and The Whale: A Parable
    After a tumultuous period of banking hyper-regulation after 2008, no one would have suspected in 2012 that JP Morgan, the world’s largest bank, had ineffective controls in place that left the company flat-footed when its “rogue” trader had taken untenable, long-term positions on Credit Default Swaps.
» View all

Travel Advisory

  • »Marriott Goes Big in NYC
    Marriott International, Inc. and G Holdings opened what they’re calling an “iconic addition” to the New York skyline, a combined 378-room Courtyard hotel and 261-suite Residence Inn hotel in midtown Manhattan. The $320 million, 68-story property is the tallest single-use hotel in North America.
  • »Best Places to Stay: Travel Bounces Back
    Consultants are on the road again, at least according to the results of our annual Best Places to Stay survey.
  • »FAA: ‘Staffing Challenges’ Causing Delays
    In case you haven’t noticed, non-weather related delays at U.S. airports are on the rise. (And I know you’ve noticed that weather-related delays are definitely on the rise.)
  • »Hilton’s Building Boom
    Coming off a whirlwind 2012, Hilton Worldwide is the fastest growing global hospitality company by number of rooms.
» View all

Book It!

  • »Excerpt: Procurement as Productivity
    The following is an excerpt from the book Procurement 20/20: Supply Entrepreneurship in a Changing World by a quartet of McKinsey & Company consultants—Peter Spiller, Nicolas Reinecke, Drew Ungerman and Henrique Teixera.
  • »Review: The Risk-Driven Business Model
    Most companies focus their innovation on new products.
  • »Review: Lead Positive
    Today’s business leaders face intense pressure to deliver results in an uncertain, chaotic, and high-stress business environment.
  • »Review: Step Up
    No matter what your title or place in the organization chart, you have the potential to be a leader.
  • »The Three Rules
    Earlier this year, Deloitte Consulting’s Mumtaz Ahmed and Michael Raynor published The Three Rules: How Exceptional Companies Think. The authors set out to answer what was, in their mind, the ultimate business question—how do some companies achieve exceptional performance over the long haul?
  • »Thinking in New Boxes
    Creativity is key if you are to thrive in a time of accelerating change, according to The Boston Consulting Group’s Luc De Brabandere and Alan Iny.
» View all

Security Check

CAPTCHA Image
OK
Cancel
New Image
  • Home
  • Consulting magazine Intelligence Reports
  • Intelligence Report - Attrition
  • Key Drivers of Staff Attrition and Retention: Why Financial Advisory consultants stay with or leave their current firm
4 26 2011
»New Findings on Financial Consulting staff turnover!
Consulting magazine Intelligence Reports

Key Drivers of Staff Attrition and Retention:
Why Financial Consultants Stay With or Leave Their Current Firm

Voluntary attrition is bad and getting worse at Financial consulting firms according to Consulting's study of more than 300 consultants at small to mid-sized practices.
Even more startling, the anticipated defection rate is higher than it was before the recession. This means that the survivors of the downturn's layoffs are more likely to leave than their peers were pre-downturn. Given that most firms cut their underperformers and kept those they couldn't afford to lose, higher voluntary attrition now is particularly problematic.
The Consulting magazine Intelligence Report, Key Drivers of Staff Attrition and Retention: Why Financial Consultants Stay With or Leave Their Current Firm features in-depth analysis of the correlation between employee satisfaction and the length of time Financial consultants say they plan to stay at their current firm. While it's no surprise that Financial consultants who like their job want to stay longer — and those that are dissatisfied are more eager to leave — the extent of the correlation at each staff level helps to point to specific areas firms should address immediately to meet their attrition goals.
In addition to providing Financial consulting firm leaders with benchmarks on staff retention and other firm/profitability management performance, this report is also informs your retention strategies by addressing your firm's unique strengths, culture, and maturation point.

Order Today

Key Drivers of Staff Attrition and Retention includes analysis specific to Financial Consulting firms, and is segmented across the following taxonomy:
Experience Level
  • Partner/VP
  • Director/Manager
  • Senior/Experienced Consultant
  • Consultant/Recent MBA
  • Entry Level/Analyst
Key Drivers of Staff Attrition and Retention is available for each of five specific consulting service areas, giving you exact analysis to meet your retention goal at your specific type of consultancy:

IT Consulting

HR Consulting

Strategy Consulting

Operations Management Consulting
The report’s 40 charts detail voluntary consultant attrition based on 18 different components of job satisfaction, including:
  • Compensation — base salary and bonus satisfaction
  • Career Development — satisfaction with the commitment to training and the actual number of training hours
  • Client Engagement — does the firm make a positive client impact and meet clients’ needs
  • Firm Culture and Morale — ratings of and the satisfaction consultants have with their mentor
  • Leadership Confidence — are their leaders competent and effective
  • Work/Life Balance — satisfaction with the firm work/life arrangements and the amount of travel

PLUS! Benchmark your firm against your peer Financial Consultancies with details by:
  • Staff Level
  • Geography
  • Project Type


Order Today | Preview Table of Contents and Table of Figures

If you have questions about Consulting magazine Intelligence Reports, please call Todd Dale at +1.212.563.6131 or email tdale@kennedyinfo.com.
»Related Articles
  • Intelligence Report - Attrition
advertisement
  • Platinum Sponsors:

    BCG
    Deloitte

    Gold Sponsors:

    Mesirow

    Ernst & Young
    PwC

    Silver Sponsors:

    Capco
    KPMG

    Alix Partners
    ZS

    AonHewitt
  • Register

    Gold Sponsors:

    BCG
    Ernst & Young
    PwC
    Mesirow

    Silver Sponsors:

    IBM
    Mercer
    Capco
    Deloitte
  • Featured Speakers:

    Joseph Kornik

    Joseph Kornik
    Publisher and Editor-in-Chief,
    Consulting magazine

    Brian Murphy

    Brian Murphy
    Chief of Staff, Point B

    Brian Jacobsen

    Brian Jacobsen
    General Manager, Slalom Consulting

    Tom Rodenhauser

    Tom Rodenhauser
    Managing Director, Advisory Services, Kennedy Consulting Research & Advisory

    Sponsor Speaker:

    Drew West

    Drew West
    Director, Product Marketing,
    Deltek

    Sponsored By:

    Deltek Logo
|
»

Searching

page loading