| Boom times are back for high achievers |
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| | The Top-Consultant.com
report on salaries in
the consulting industry
has just been published
– and confirms what many
in the industry have
long suspected: the
industry is now
polarised between the
Haves and the Have
Nots.
For those whose
skills are in demand,
earnings, promotion and
bonus prospects have
rebounded to the levels
seen in the years when
the industry was
booming. While pay rises
have accelerated to 5.6%
for those who received
one, nearly four in 10
consulting professionals
received no pay rise
this last year. There’s
a similar pattern to
bonus payments too –
with significant bonuses
being paid to many, but
a sizeable minority
receiving no bonus | |
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| | payment at all.
Promotions are also
back with a vengeance,
with the consulting
industry having promoted
nearly one in three of
its staff this last
year. That’s
significantly up on
2009, when the
fast-track promotions
that our industry has
come to see as the norm
simply dried up.
“Faced with waves of
consultants leaving
their firms when the
hiring market picked up,
consultancies have been
compelled to act this
last year,” comments
Tony Restell, director
of Top-Consultant.com.
“The reality has been
that many who stayed put
during the downturn were
also frustrated by how
their careers had
stalled. As employers
have turned the hiring | |
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