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  • 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
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