Tag #Consulting

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forbes.com

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Apr 27, 07:13

Five Signs It's Time to Raise Your Professional Service Rates

Consultants, coaches, and creative service providers should raise their rates when clients are surprised by their low prices, their work generates substantial client gains, they consistently overdeliver, their experience grows, or operational costs increase; strategic rate increases involve auditing...

Five Signs It's Time to Raise Your Professional Service Rates

Consultants, coaches, and creative service providers should raise their rates when clients are surprised by their low prices, their work generates substantial client gains, they consistently overdeliver, their experience grows, or operational costs increase; strategic rate increases involve auditing...

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What key indicators suggest that consultants and creative professionals should increase their service rates?

Many consultants, coaches, and creative professionals undervalue their expertise, leading to outdated pricing. Clients expressing surprise at low rates, or professionals consistently overdelivering, signal a need for rate increases. This is further supported by increased client success directly attributable to the professional's work.

thetimes.com

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Mar 15, 01:14

Big Four Firms Cut Jobs Amidst Consulting Slowdown

Facing decreased demand for consulting services after a post-pandemic boom, the Big Four accounting firms (Deloitte, EY, KPMG, and PwC) are implementing redundancy programs, impacting graduates, school leavers, and partners, driven by economic uncertainty and investment in AI technology.

Big Four Firms Cut Jobs Amidst Consulting Slowdown

Facing decreased demand for consulting services after a post-pandemic boom, the Big Four accounting firms (Deloitte, EY, KPMG, and PwC) are implementing redundancy programs, impacting graduates, school leavers, and partners, driven by economic uncertainty and investment in AI technology.

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What is the primary cause of the recent job cuts within the Big Four accounting firms in the UK?

The Big Four accounting firms (Deloitte, EY, KPMG, and PwC) are reducing their workforce due to decreased demand for consulting services following a post-pandemic boom. This has resulted in redundancy programs, particularly affecting graduates and school leavers, and a reduction in partner numbers. The firms cite lower-than-normal attrition rates and the need to preserve profitability amid investment in new technology as reasons.

forbes.com

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Mar 12, 19:14

Reinventing Compensation: Adapting to New Models in Finance and Healthcare

This article details five innovative compensation models—concessions, overrides, success fees, payment terms, and (the outdated) finder's fees—that reward impact and scalability, urging professionals in financial services and healthcare to embrace change and build trust-based relationships for long-...

Reinventing Compensation: Adapting to New Models in Finance and Healthcare

This article details five innovative compensation models—concessions, overrides, success fees, payment terms, and (the outdated) finder's fees—that reward impact and scalability, urging professionals in financial services and healthcare to embrace change and build trust-based relationships for long-...

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What are the key changes reshaping compensation structures in financial services and healthcare, and what are their immediate implications for professionals?

The article advocates for reinventing compensation structures in financial services and healthcare, moving beyond traditional models to those rewarding impact and scalability. This involves adopting methods like success fees, overrides, and customized payment terms, aligning earnings with outcomes and fostering long-term partnerships.

forbes.com

🌐 75% Global Worthiness

Feb 22, 07:07

Transitioning to Consulting: A Power Move for High-Achievers

High-achieving professionals can transition into consulting, leveraging existing expertise to gain autonomy and control, while focusing on specific niches and creating a clear value proposition.

Transitioning to Consulting: A Power Move for High-Achievers

High-achieving professionals can transition into consulting, leveraging existing expertise to gain autonomy and control, while focusing on specific niches and creating a clear value proposition.

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How can professionals effectively identify and target ideal clients for their consulting services?

Consulting allows professionals to escape burnout and toxic workplaces by choosing clients aligned with their values and expertise. This transition focuses on packaging existing skills into a marketable service, not starting over.

abcnews.go.com

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Feb 5, 01:10

FBI Nominee Patel's $2.6 Million in Income Raises Conflict of Interest Concerns

Donald Trump's FBI director nominee, Kash Patel, reported over $2.6 million in income last year from consulting, media appearances, and book deals, raising concerns about potential conflicts of interest given his past ties to the Trump administration and foreign entities.

FBI Nominee Patel's $2.6 Million in Income Raises Conflict of Interest Concerns

Donald Trump's FBI director nominee, Kash Patel, reported over $2.6 million in income last year from consulting, media appearances, and book deals, raising concerns about potential conflicts of interest given his past ties to the Trump administration and foreign entities.

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Reduced Inequality

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How do Patel's financial ties to foreign entities and companies under scrutiny for alleged Russian connections impact his nomination?

Patel's financial disclosures reveal significant income from consulting work, including for firms linked to former Trump administration officials and foreign entities like the Embassy of Qatar and a Czech company under Republican scrutiny for alleged Russian ties. This raises questions about potential conflicts of interest.

repubblica.it

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Jan 29, 22:11

ConsulenTia 2025: AI and the Future of Financial Advice

Anasf's ConsulenTia 2025, held March 11-13 in Rome's Auditorium Parco della Musica, addresses financial advisors' concerns about AI's role, exploring AI's strategic use and discussing generational interaction, advisor protection, financial education, and gender equality.

ConsulenTia 2025: AI and the Future of Financial Advice

Anasf's ConsulenTia 2025, held March 11-13 in Rome's Auditorium Parco della Musica, addresses financial advisors' concerns about AI's role, exploring AI's strategic use and discussing generational interaction, advisor protection, financial education, and gender equality.

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Reduced Inequality

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What specific topics beyond AI will be covered at ConsulenTia 2025, and how do these topics relate to the overall goal of adapting to the changing financial landscape?

ConsulenTia 2025 aims to explore how AI can be a strategic tool for financial advisors, echoing past debates surrounding robo-advisors. The event will feature discussions on AI's applications, generational interaction, advisor protection, financial education, and gender equality, drawing on insights from experts and representatives from major financial institutions including Allianz Bank, Banca Mediolanum, and others.

forbes.com

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Apr 1, 04:12

IBM's \$5 Billion AI Business: A Multi-Pronged Approach Pays Off

IBM's enterprise AI strategy, combining its watsonx platform, Red Hat infrastructure, and global consulting, generated \$5 billion in revenue in under two years, with 80% from consulting and 20% from software subscriptions.

IBM's \$5 Billion AI Business: A Multi-Pronged Approach Pays Off

IBM's enterprise AI strategy, combining its watsonx platform, Red Hat infrastructure, and global consulting, generated \$5 billion in revenue in under two years, with 80% from consulting and 20% from software subscriptions.

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What is the key factor driving IBM's significant growth in its AI-related business, and what are the immediate implications?

IBM's enterprise AI strategy, combining its full-stack platform (watsonx), Red Hat infrastructure, and global consulting, generated \$5 billion in AI-related business within two years. Eighty percent originated from consulting, showcasing the services-led approach's effectiveness.

thetimes.com

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Mar 15, 22:12

EY Cuts 30 Partners Amid Consulting Downturn

EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...

EY Cuts 30 Partners Amid Consulting Downturn

EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...

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What are the long-term implications of EY's restructuring for its partners, employees, and the consulting industry as a whole?

This restructuring at EY signifies a shift in the Big Four's operating model. The increased reliance on non-equity partners and cuts to the top ranks suggest a prioritization of profitability over maintaining a large equity partner base. This trend likely reflects a more challenging business environment and a need for greater efficiency.

forbes.com

🌐 85% Global Worthiness

Mar 2, 13:09

Middle Management Decline: Automation and Restructuring Force Career Shifts

Large corporations like UPS and Amazon are eliminating thousands of middle-management positions due to automation and a drive for efficiency, forcing experienced professionals to adapt and seek new career paths in consulting, project management, entrepreneurship, or coaching.

Middle Management Decline: Automation and Restructuring Force Career Shifts

Large corporations like UPS and Amazon are eliminating thousands of middle-management positions due to automation and a drive for efficiency, forcing experienced professionals to adapt and seek new career paths in consulting, project management, entrepreneurship, or coaching.

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How are companies leveraging technology to streamline operations and reduce the need for traditional middle-management functions?

Companies are restructuring to enhance efficiency by implementing automation and fostering more autonomous teams. This transition, exemplified by substantial middle-management layoffs at major corporations, necessitates a reevaluation of traditional career paths for many experienced professionals. The skills once central to middle management—such as strategic guidance, project management, and leadership—remain in high demand but require adaptation to new contexts, such as freelance consulting or entrepreneurial ventures.

smh.com.au

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Feb 11, 10:09

Working Parents Find Flexible Work Strategies

Three working parents share strategies for reducing work hours without sacrificing financial security, including consulting, freelancing, and negotiating flexible arrangements with employers, reflecting a broader trend toward work-life balance.

Working Parents Find Flexible Work Strategies

Three working parents share strategies for reducing work hours without sacrificing financial security, including consulting, freelancing, and negotiating flexible arrangements with employers, reflecting a broader trend toward work-life balance.

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Gender Equality

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What are the most effective strategies working parents are using to reduce their working hours while maintaining financial stability?

Many working parents are seeking ways to reduce their working hours without compromising financial security. Three working parents shared their strategies, including consulting, freelance work, and negotiating flexible arrangements with current employers. These approaches allow for a better work-life balance.

faz.net

🌐 85% Global Worthiness

Jan 29, 13:09

AI Transforms Consulting: New Models, Challenges, and the Future of Consultants

Consulting firms increasingly integrate AI, using it for internal efficiency and developing proprietary software solutions, creating "asset-based consulting" with new pricing models and ethical considerations.

AI Transforms Consulting: New Models, Challenges, and the Future of Consultants

Consulting firms increasingly integrate AI, using it for internal efficiency and developing proprietary software solutions, creating "asset-based consulting" with new pricing models and ethical considerations.

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What are the key challenges and evolving pricing models in AI-driven consulting?

This AI integration creates new business models in "asset-based consulting", where firms develop proprietary tools based on project experience. These tools, often marketed as platform or SaaS solutions with tech partners, offer better scalability than traditional consulting projects. This shift involves hiring software developers, data scientists, and data engineers, changing the firms' offerings from consulting services to product sales.

lemonde.fr

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Nov 7, 16:02

McKinsey & French Government Contracts Investigation

French unions are pursuing legal action against McKinsey over alleged misuse of public funds and conflicts of interest related to Emmanuel Macron's presidential campaigns.

McKinsey & French Government Contracts Investigation

French unions are pursuing legal action against McKinsey over alleged misuse of public funds and conflicts of interest related to Emmanuel Macron's presidential campaigns.

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What remains uncertain about the legal implications?

The amount of damages is not yet determined in either case; the investigations are ongoing, and it remains to be seen what the legal consequences will be for those involved.

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