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Kennedy Corner

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Book It!

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  • »Review: The Risk-Driven Business Model
    Most companies focus their innovation on new products.
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  • Consulting magazine Intelligence Reports: Key Drivers of Staff Attrition and Retention
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Consulting Magazine Intelligence Reports

Key Drivers of Staff Attrition and Retention 

Staff retention is the biggest threat facing your firm’s ability to thrive in the current consulting recovery. And knowing what drives each of your professionals and what you can do to make their work satisfying informs your allocation of scarce retention resources.
Consulting magazine’s Key Drivers of Staff Attrition and Retention report will refocus your internal planning by providing key insights into what drives consultant job satisfaction at each of five staff levels and identifying what causes each to stay or leave their current firm.
The report’s approximately 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
CMIR Retention Reports
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

Financial Consulting

Operations Management Consulting
  • Leadership Confidence — are their leaders competent and effective
  • Work/Life Balance — satisfaction with the firm work/life arrangements and the amount of travel
Methodology and data details:  Each Key Drivers of Staff Attrition and Retention report focuses on consultants at small to mid-sized firms (those with less than $100 million in annual revenue) in one of five service lines: IT, strategy, operations management, HR and financial/business advisory services. Data is derived from a proprietary study of over 2,000 consultants, with findings validated and confirmed through supplemental interviews with consulting firm leadership.

Additional Services:
Detailed custom analysis is available on the data used in Key Drivers of Staff Attrition and Retention. Giving you a very fine level of detail, this service allows for direct benchmarking of your firm's retention and engagement strategies against peer consultancies.
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