From:[Consulting Magazine]
Yes, all of the traditional profitability benchmarks are trending in the wrong direction: Compensation is up; Pricing pressure remains intense; Utilization is down; And a coming spike in voluntary attrition threatens to undermine the foundation of firms’ leverage models.
But still, there is reason for at least a little optimism. For the first time since we began writing about the Great Recession, the majority of consultants are now seeing signs that the average project size is increasing. According to new research by Consulting magazine, more than 53 percent of consultants anticipate that their average engagement will be larger in 2011 than in 2010. In comparison, about 40 percent of consultants saw increases from the prior year.
Click and read more: Article
Yes, all of the traditional profitability benchmarks are trending in the wrong direction: Compensation is up; Pricing pressure remains intense; Utilization is down; And a coming spike in voluntary attrition threatens to undermine the foundation of firms’ leverage models.
But still, there is reason for at least a little optimism. For the first time since we began writing about the Great Recession, the majority of consultants are now seeing signs that the average project size is increasing. According to new research by Consulting magazine, more than 53 percent of consultants anticipate that their average engagement will be larger in 2011 than in 2010. In comparison, about 40 percent of consultants saw increases from the prior year.
Click and read more: Article
