Management Consultancy Recruitment Survey 2016

Management consultancy recruitment subjects

The results of Prism’s 2016 annual Management Consultancy Recruitment Survey.

We canvassed twenty-three SME consulting firms, typically in the 15-250 employee range.

Key findings:

  • All firms participating in the survey aim to increase their headcount in 2016, most by 30% or more, however more than half had failed to meet their hiring targets last year.
  • A significant increase in direct hiring is expected, and a correspondingly reduced role of referrals. Direct hiring is however acknowledged to be difficult, time consuming and slow: it is likely firms will remain resource constrained.
  • Use of agencies remains static but benefits are acknowledged including market knowledge and swifter access to a broader range of candidates than either direct or referral methods.
  • Competition from larger firms and Big 4 is in some cases driving salaries above ‘market rate’, with some smaller firms finding it difficult to compete.
  • The results identified specific areas of difficulty including: attraction and retention of Millennials; brand awareness amongst candidates; scalability and the attraction and retention of women.

The survey confirmed that there is a continuing skills shortage in the management consultancy market, which shows no sign of improving. However on a more positive note, by virtue of their culture, flexibility and less bureaucratic structure there is potential for smaller and independent firms to be at the forefront of a paradigm shift in the way management consultancies accommodate their employees’ expectations of career development, monetary reward and work life balance.

See the full Management Consultancy Recruitment Survey 2016 report here

Subscribe to our blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.