Kennedy Corner
»The Water’s Nice; Jump In
The market for new market entry strategy consulting is about resources and incentives. It’s a not too hot, not too cold, but just right equation.
»The New War For Talent
When a meteorite blazed through the morning skies of central Russia in mid-February and exploded, the news media described it as a rare event. And it was. Fast forward one month and just about every government in the world is looking at the potential for a "rare event" to visit their borders, and wringing their hands over how to prepare for it.
»Here Comes Patient-Centric Health
U.S consumers are accustomed to choices. We often take for granted our ability to select products, price points and preferred channels. Why, then, do we as patients expect anything less from our healthcare providers?
»The Market Always Finds a Way
In the 1993 Steven Spielberg film Jurassic Park, the protagonists discovered at one point (to their horror) that the island’s dinosaurs, which had all been created the same gender, had somehow managed to reproduce. “Life always finds a way,” muttered Sam Neill’s character Dr. Alan Grant.
»2012 in Review, and a Look Ahead
Looking back, several market forces propelled global consulting demand, causing firms and clients to undertake larger and more ambitious engagements than in recent years. The rapidly changing nature of client needs and the continued evolution of provider capabilities converged around some key themes.
»Change and Collaboration—The Rx For a Healthy Life Sciences Industry
For many of us in the U.S., it’s time to update healthcare benefit selections and learn of new or revised healthcare insurance plan offerings, options, and features. In many ways, the change and complexity we face as end users reflects the upstream challenges facing the healthcare industry at large.
» View all
Travel Advisory
»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.
»Extended Stay America Serves Up Free Breakfasts With ‘Grab and Go’
Extended Stay America launched a new Grab and Go Breakfast program, which is available seven days a week from 6 a.m. to 9:30 a.m. at all of its more than 600 locations.
»Homewood Suites Survey: Comfort is King
A new survey of frequent business travelers found that they want more room to spread out, the ability to maintain a normal routine and opportunities to interact with business associates and fellow travelers.
» View all
Book It!
»Excerpt: Finding Your Firm’s Growth Engine
The following is an excerpt from Leading Firms: How Great Professional Service Firms Succeed & How Your Firm Can Too by David C. Kuhlman. In the book, Kuhlman distills 25 years of
experience advising senior management at some of the world’s most prominent consulting firms. This excerpt from Chapter Six: “The Growth Engine” explores two of the key factors driving growth in the most successful firms.
»Excerpt: The Online Marketing Revolution
The following is an excerpt from Online Marketing for Professional Services, a thought-provoking and practical approach to online marketing by authors Aaron E. Taylor, Sylvia Montgomery, Sean T. McVey and Lee W. Frederiksen.
»Review: Tipping Sacred Cows
We all have those sacred cows at work, but these nuggets of advice, in practice, can lead to career-limiting unintended consequences.
»Review: Playing to Win
If strategy is about creating a competitive advantage that allows a firm to win, then pinpointing your strategy to just a few choices will dramatically increase your chances of success.
»Review: Seeing the Big Picture
According to Kevin Cope, founder of Acumen Learning and author of Seeing the Big Picture, all companies are driven to success or failure by the same five simple drivers—cash, profit, assets, growth and people
»Review: Get Lucky
As the pace of change accelerates and the volume of information explodes, everyone is under great pressure to connect with the people and ideas we need to thrive.
» View all
|
4
26
2011
»New Findings on Strategy Consulting staff turnover!
Key Drivers of Staff Attrition and Retention:
Why Strategy Consultants Stay With or Leave Their Current Firm
Voluntary attrition is bad and getting worse at Strategy consulting firms according to Consulting's study of more than 400 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 Strategy Consultants Stay With or Leave Their Current Firm features in-depth analysis of the correlation between employee satisfaction and the length of time Strategy consultants say they plan to stay at their current firm. While it's no surprise that Strategy 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 Strategy 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.
|
|
Key Drivers of Staff Attrition and Retention includes analysis specific to Strategy Consulting firms, and is segmented across the following taxonomy:
Experience Level
- Partner/VP
- Director/Manager
- Senior/Experienced Consultant
- Consultant/Recent MBA
- Entry Level/Analyst
|
|
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 Strategy Consultancies with details by:
- Staff Level
- Geography
- Project Type
Order Today | Preview Table of Contents and Table of FiguresIf you have questions about Consulting magazine Intelligence Reports, please call Todd Dale at +1.212.563.6131 or email tdale@kennedyinfo.com.
|
Gold Sponsors:
Silver Sponsors:
Featured Speakers:
Joseph Kornik
Publisher and Editor-in-Chief,
Consulting magazine
Brian Murphy
Chief of Staff, Point B
Brian Jacobsen
General Manager, Slalom Consulting
Tom Rodenhauser
Managing Director, Advisory Services, Kennedy Consulting Research & Advisory
Sponsor Speaker:
Drew West
Director, Product Marketing,
Deltek
Sponsored By:
advertisement
|
