Part of Kennedy’s Firm Management consulting research series
Consulting firms are being squeezed both ways as employee turnover rates are increasing rapidly due to frustrations with negligible salary increases and declines. At the same time, business has not picked up to the level where firms enjoy margins that allow compensation increases. Kennedy’s research indicates some interesting trends within the majority of firms dealing with counter offers to retain top talent.
Therefore, even top-performing consultants who had previously thought to “invest” in their firms through the downturn are seeking employment in alternative industries and/or firms to secure higher pay increases. In fact, the research indicates an astounding percentage of respondents relatively new to the consulting profession that said they do not see themselves working in consulting in the near future.
Consulting Compensation Data, Trends, and Strategies offers a variety of critical data and insights on these and other factors affecting compensation activity within the consulting industry through 2011. Among them are: base salaries, annual bonus growth and total cash compensation.
Kennedy’s exclusive research on compensation within the consulting profession provides in-depth data and comprehensive assessments on current numbers and forecasted growth across the following taxonomy:
Service Line:
- Strategy
- Financial Consulting
- Operations Management
- Human Resources Consulting
- Information Technology Consulting & Implementation (ITC & I)
Geography:
- North America, featuring specific trends in:
- Canada
- Mexico
Europe and the Middle East, featuring specific trends in:
- United Kingdom
- France
- Germany
Asia Pacific, featuring specific trends in:
Staff Level:
- VP/Partner
- Director/Manager
- Senior/Experienced Consultant
- Consultant/Recent MBA
- Entry Level/Analyst
MARKET CONDITIONS AND IMPACT ON COMPENSATION OVERALL for 2009, 2010 and the remainder of the forecast period.
GEOGRAPHIC COMPENSATION TRENDS looks at a selection of observed country-specific trends.
EXCURSION: "BAD TIMES ARE GOOD TIMES TO UPGRADE YOUR PARTNER COMPENSATION" examines partner compensation adjustments based on economic conditions, cultural expectations, changing client circumstances and competitive influences.
COMPENSATION DATA illustrates—in detail—current and forecasted base salary growth, bonus data and cash compensation practices professionwide and across each firm type/service line and staff level.
Consulting Compensation Data, Trends, and Strategies is an exclusive 100+ page report supported by 130 data-rich tables and charts, combining quantitative analysis with exhaustive interview data to provide insight not available from traditional compensation studies.
If you have questions about Kennedy's Compensation Data, Trends, and Strategies Consulting market research please call 888.259.1500 or +1.603.924.6390, or contact our client-relations team. |
