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Recruitment market
Candidate interest in consulting careers reaches 5 year high
 
 The last six months have
seen a dramatic leap in
candidate enthusiasm for
consulting careers,
according to the latest
figures from
Top-Consultant.com.
   Reporting its advert
viewing figures,
Top-Consultant revealed
that UK ad views had
risen from an average of
85,000 in the summer of
2004 to 130,000 in Q4
2004... and have now
exceeded 250,000 for
each of the last two
months - a 5 year high.
This staggering
threefold increase in
candidate interest has
been achieved in just
 
 nine months - coinciding
with the period in which
consultancy recruitment
demand has been at its
most buoyant.
   According to
Top-Consultant Director
Tony Restell the sharp
rise is due to a variety
of factors:
   "In this 9 month
period we have seen
visitor numbers jump
from 150,000 a month to
250,000 a month,
accounting for part of
the increase in job
advert views. Technical
enhancements to our job
board combined with an
increasingly attractive
range of opportunities
 
 have also significantly
increased the likelihood
of a Top-Consultant
visitor reading several
job adverts during the
course of their site
visit."
   "We also mustn't
overlook the change in
mentality amongst
consultants during this
time. As our recent
retention survey
illustrated, consultants
are now thinking much
more aggressively about
a career move to a
competitor. This clearly
increases activity
levels on our jobs board
quite significantly."
   "Fortunately during
 
 this period we have also
been able to attract
more and more candidates
from outside consulting,
so we are not simply in
the business of
recycling consultants
from one firm to the
next. What we see as
critical for our
industry is attracting
corporate candidates and
recent graduates into
the consulting market.
By continuing to do this
we are able to
contribute to the growth
and prosperity of our
industry."
   Whatever the
contributing factors,
what is clear is that
 
 recruiters are reaping
the rewards of this
sharp increase in
candidate interest. The
number of candidates
likely to see a UK
advert in a typical
month is now over 500
compared with only 200
last summer. According
to Restell a similar
trend is also expected
in the US market between
now and the year-end, as
US consulting activity
levels continue to
rebound. Good news for
any recruiter worried
about an impending "War
for Talent".
  
 
 
Consultants' Forum
Online application?
 
 "I graduated last year
and since I have been
working in a think tank
as a research assistant
 
 in the field of
economics. I decided to
go into consulting and
started filling out the
 
 online applications for
some of the big firms.
Do they consider online
applications or are they
 
 just put in a database
and never looked at?
What is the best way to
apply? Thanks. Simi."
 
     
 
Consultants' Blog
Big firms cranking up recruitment drives
 
 
   I've met with several
of the biggest brands in
consulting this last
week and I have to tell
you the news is all good
- for candidates that
is. Without exception
consultancies are all
talking about the need
to hit recruitment
targets that - in their
 
 words - are "scarily
high". The combination
of growing client demand
and worsening staff
attrition has elevated
recruitment (and
retention) to being
firms' number 1 priority
for the remainder of
2005.
   BT's new series of
recruitment evenings for
 
 consultants in the early
stages of their
consulting careers is
just the latest in a
raft of company careers
events that add to the
perception that
recruitment drives are
being accelerated. Such
events were commonplace
during the dot-com boom,
but being costly to
 
 organise they are
something you tend to
only see taking place
when firms are pulling
out all the stops to
recruit. It's telling
that Accenture, BT,
Ernst & Young, IBM and
PA Consulting have all
invested in such events
during the first half of
2005.
 
    We'll be revealing
details of our October
Careers Fair shortly and
the number of top brand
consultancy firms
attending is a further
indication of the
buoyancy of the market.
  
 
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