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Deloitte survey finds looming talent crisis threatens companies
 
 Impending Baby Boomer
retirements, a widening
skills gap driven by
declining educational
standards, and outdated
and ineffective
approaches to talent
management are combining
forces to produce a
"perfect storm" that
threatens the global
business economy,
according to new
research conducted by
the Human Capital
practice of Deloitte
Consulting and Deloitte
Research.
   In a recent U.S.
survey of human
resources executives
nationwide conducted by
 
  
   
 
 
 
 three years -- will
leave behind companies
that do not begin to
rethink and redesign
their approach to
managing human capital,"
said Ainar Aijala,
Vice-Chairman, Deloitte
Consulting and global
service area leader of
Deloitte Consulting's
Human Capital practice.
   A copy of "It's 2008:
Do you Know Where Your
Talent Is? Why
Acquisition and
Retention Strategies
Don't Work" can be found
on Deloitte's Web site
at
http://www.deloitte.com/
us/talentpov
.
 
 Deloitte Consulting,
more than 70 percent of
the 123 respondents say
incoming workers with
inadequate skills pose
the greatest threat to
business performance
over the next three
years, followed by Baby
Boomer retirement (61
percent), and the
inability to retain key
talent (55 percent).
   "The confluence of
demographic and social
trends - the full force
of which will begin to
be felt in as little as
 
 
Work-life balance the key to retaining consulting staff, new survey reveals
 
 Are sizeable pay rises
and annual bonuses the
only way for
professional services
firms to retain their
best staff? Not so
according to new
findings from management
consultancy recruitment
specialists Woodhurst.
   The Woodhurst survey
reveals that offering
flexible working hours
can be as effective as a
pay rise when it comes
to retaining staff and
that a staggering two
thirds of managers and
professionals fear the
impact their working
lives have on
relationships at home.
   Asked what factors
would make them consider
a change of employer,
 
 88% of the 250
professionals surveyed
said they would consider
moving jobs for better
pay whilst almost as
many (84%) said they
would move simply to
achieve more flexible
working hours.
   52 per cent of the
professionals who took
part in the survey admit
they are likely to
change jobs within the
next two years. However,
this figure is lower
among those enjoying
greater flexibility,
falling to 32 per cent
among those who have
increased the amount
that they work from home
in the last two years.
  
 
 
Forum entry
Consultant vs accountant!
 
 I have recently
graduated and have an
offer from one of the
Big 4 to train as an ACA
within the audit
department but am
feeling increasingly
drawn towards
consultancy due to the
variety offered through
 
 the job. However, I have
some reservations about
the consultancy game,
namely the 'up or out'
policy and the fact that
I could be sent here
there and everywhere
with absolutely no
social life at all! So I
face a
 
 dilemma-accountancy
would probably be more
boring but bearable I
guess and consulting
clearly offers the most
comprehensive career
satisfaction. My
question is; Can the
lifestyle of a
consultant be managed to
 
 actually hold down
family life,
relationships, friends
outside work etc.. and
where could I go after
consulting with no
professional
qualification and five
years worth of projects
under my belt? Any
 
 advice would be much
appreciated on the
lifestyle manageability
and career options post
consultancy. Thanks in
advance. Confused Grad.
  
Search Forum
  
 
 
Management Consultants' Blog
Work / life balance the new key to keeping consultants happy?
 
 Yesterday's careers
event for consulting
candidates was
fascinating for all
sorts of reasons. 13
major consulting brands
were there and that gave
us some great insights
into the changing
dynamics of recruiting &
 
 retaining consultants.
   The biggest thing
that struck me though
was the focus on getting
the work-life balance
issue right. Just about
every firm present
stressed the initiatives
they were working on to
improve the consultancy
 
 lifestyle. And I really
think the firms were
being genuine...
   ... every one of them
recognised that
consulting is consulting
and that the client is
king. So consulting is
always going to be tough
and there was no attempt
 
 to hide this. But there
was also an
acknowledgement that
graduates leaving
University are now much
more concerned about
having a good quality of
life than they were 10
years' ago. And that
encouraging women back
 
 into consulting after a
career break is a key
strategy for addressing
the current skills
shortage. ... Tony.
  
Consultant's Blog
 
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