I’m working on visioning this morning and welcome earnest input from caring folks.

We’re creating the firm of the future.

1) What benefits do you actually want?

2) In your opinion what metrics should be tracked to support wellbeing?

3) What are the metrics that you think matter to individual / company wellbeing that you wish were feasible but don’t see how they could be tracked or known?

Would love earnest inputs from other folks who care hard like me 😊

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

1) salary + bonuses (mid year bonuses would help with the motivation imo). Don’t need gift packages or random things that people won’t use. Put that $$ into comp. When evaluating, don’t penalize people for taking vacation. OOO days should not impact utilization metrics if they are within a reasonable range (this threshold should be clearly defined)
2) Anonymous surveys twice a year can give a sense of morale. Upward feedback can help identify issues in leadership style or expectations
3) More transparency in salary range amongst peers

All of this is helpful M1, thank you.

Curious if you think anonymous surveys should be wholly open ended or have a few targeted Qs around potential pinch points?

If you’re tapped out that’s okay too.

1) Fixed PTO, rather than “unlimited” PTO. Really helps us workaholics that otherwise wouldn’t take any due to utilization concerns. (EDIT: Just had an idea—perhaps variable PTO wherein people would earn a day for every so many chargeable hours?)

2) Amount of PTO taken. Time off should be just as important as time on.

3) Amount of time wasted on inefficient administrative tasks—T&E reporting, billing, internal acceptance processes, L&D, etc. (I really like E1’s suggestion btw—the less time billable people have to waste on non-billable work vs outsourcing it to cost centers, the better)

Recent IconRecent

1) Money
2) Cash
3) Dinero

likesmartfunny

Heard, heard, and heard.

uplifting

Don’t work or ask your people to work on weekend, holidays or vacation. Don’t sell working extra hours as “going above and beyond” . And pay them well

It’s not rocket science . People usually don’t want free lunch, ping pong table or whatever corporates come up with. They want to do the job and enjoy life

Absolutely get rid of pls fix BS.

likehelpful

Messages received and thank you C1 and EY1.

4 day work week. Or at least meeting free Fridays. Setting a requirement that employees are expected to take at least 2 weeks off a year. All other PTOs will not be capped if over 2 weeks. Setting expectations that no calls before x in the morning and after x in the afternoon. Are you thinking fully remote or hybrid?

likeuplifting

Love to hear it D1, thank you.

Lunch is explicitly included in your work day and is billed. Everything firm related is penciled into you schedule and it all counts towards your utilization rate. Sick of these meetings where I go in and suprise suprise they don’t count towards my 9 billed hours for the day. Same with BD or other stuff. So I have to work even longer. Stop this acting BS. Why am I acting manager but being paid the level below? Start hiring enough people.

likeuplifting

Got it and thank you C2.

Curious if you have thoughts on identifying when enough people is enough? Have primarily seen this come down to better managerial skills (vice workload calculations).

Earnest ask and if you’re tapped out that’s ok.

1. If the firm espouses that we hire "the best and brightest", then pay like it.

2. Change utilization to consider pto, training etc. Set realistic targets that support wlb by level and consider level commitments outside of chargeable work. (Charge hours + innovation) / (2080 - PTO - firm holidays - training)

3. Charge clients what our time is worth to support all this. Fire underperforming clients that burn out our people and pay low rates.

likeuplifting

There's no singular answer to that question, but you probably need to think about it like a balanced scorecard. Realized rph and other financial metrics would surely be on there, but we'd need soft factors like staff feedback (we all survey our clients, but how many of us survey our staff about our clients?), opportunities for staff development, opportunities for our staff to perform level appropriate work, opportunities for the firm to develop new services or quals, and client profile. If we have more than a couple red flags across those categories that make a "good" client for our firm, we need to have the courage to help that client find a new service provider.

Our people matter and we owe them good opportunities to use their skills, not just to have them punching the clock and grinding it out on anything that keeps the lights on.

Also employ enough support staff (comms, IT, admins, GCO, etc.) so that they are not stretched so thin. Stop the self-serve culture and cutting support or be willing to accept the fact that your requests can’t be fulfilled or that you’re paying client facing individuals to do non-billable tasks.

And make sure your non-client servers also have career paths and competitive wages.

like

This is super important for campus recruiting efforts especially

Genuinely curious about what answers you'll get. When we did this internally it was basically "less work for the same money"

like

Tbh it’s less about the amount of work and more about the money.

Have you considered giving bonuses on their billable hours? When my company did that for 2 years I loved it, but they capped it at 200% bonus for 40 hours billed. I would’ve been billing 80 a week for like a 400-500% bonus. And that would’ve benefited everybody, me obviously, my clients who would get more work done which they didn’t have people to do, and the company gets the revenue still because those extra hours from me are huge profits

Being a top performer shouldn't include working endless hours. It's not that we want to "be paid more for doing less work," it's just an ineffective way to work and shows poor planning.

Protect the employees vacations, weekends, and evenings. No job is more important than everyone's personal life outside of work. We aren't saving lives here.

Don't sell "wellbeing" as a company benefit if you don't actually mean it. Wellbeing isn't just an office pizza party. Encourage people to take time off of work, take breaks during the day, etc.

uplifting

Heard and received, thank you SC2.

1) company paid car
2) number of PTO days taken
3) whats happening at home, not just the 'doing great, thanks'.

See any benefit (assuming company culture felt welcoming / safe) in having a data point around number of days since last PTO taken?

Thank you P1 (and if you’re tapped out no worries)

Maybe not all relevant to well-being but since you’re a Partner who says they care;

1. Honestly, just a no-asshole culture. A lot of this flows from the top.
2. There’s too much redundancy between M and PPMD levels. Remove the SM / Director layer and make Ms only when you think they are ready for those responsibilities. Don’t treat your Ms like C/SCs. Getting hands dirty is not a problem but having to pander to SM and Director and Partner and client is too much for Ms to handle.
3. Let the Ms / Project leads decide (in consultation with P of course) who / how many they want as staff on projects within the engagement contribution framework. Don’t understaff and burn out your practitioners
4. Don’t play the “because client says….” Game. Consult leads and staff. If a project is estimated for 12 weeks, it can’t be done in 6. Compromises can be reached to finish in 10 though.
5. In the spirit of continuous improvement, talk through solution approaches and help where you can. Don’t dump deliverables from xyz engagement and ask them to be used for abc engagement because you love your own work
6. Very thin line between managing and micro managing. If you are reviewing line by line and constantly coaching your leads what and how to say stuff to client, then you better find someone you trust and rally team around them instead of micro managing everyone all the time
7. There should be mandatory down time between projects for practitioners to recharge and contribute to knowledge activities. Commit to training and education. Meaningful stuff instead of canned LMS BS.

10% of project length capped at a maximum (two weeks for example)

Appreciate the feedback and welcome more, also hopefully it’s clear that this is a thoughtful question with a view toward long term change and there is not a sense of urgency.

Related Posts

How bad is reneging a week before I start? Have an offer with FAANG but the role is sales. Got a dream job with Disney in Analytics & Strategy with comparable salary. Should I stick with FAANG?

Better manager & culture & benefits at FAANG, better role & opp at Disney

like

Hello - not sure if there are any local Boston UX/Product Designers interested in contract work with a boutique Digital Transformation agency but we are recruiting for 2 open roles contract to hire.

This agency is in downtown Boston by North Station and looking for people that can create end to end and have a unique interest in UX plus healthcare mobile work.

They are seeking local candidates only who can come in 3 days per week to work with their existing team of 10.

Happy to tell you more.

How much is a good amount (% wise) to be putting into your pension pot? Would be good to hear at different salary brackets!

like

I am a Business Transformation consultant, having worked for Asset & Wealth Managers, Investment Bank, Boutique, Government Pension Fund, Family Office as part of my current role with a small consulting firm.

I am looking out for a new role in Singapore. Any leads or references would be helpful.

like

Today is my orientation @EY GDS. Any recommendations that I should need to know!? Any questions that I should keep in focus!?

My DOJ is 21st March (today) - can someone reflect questions that I should ask first hand during the orientation!?

1. WFH status
2. Balance Payment for March!?
3.Pay Cycle?
4. Leave Policies?

Anything that really should be known which could come handy. Calling experienced folls but who can help me figure out on this one, please!

Thank you so much in advance.

like

Anyone know if the paid 16 week parental leave is available only once or for each birth?

like

People at my company claim to be supportive, promote great work culture but there’s actually no support at all just bunch of bs. I am in a situation where im not getting the support from my supervisors, BDs and everyone is fake all the time. I am genuinely putting in the work and not getting the benefits I deserve. What are some good companies to work for in Marketing/advertising in Toronto? Or how would u go about addressing stuff like this ?

like

Hello! I’m a clinical healthcare worker and am currently working on a master’s in finance to pivot to healthcare consulting.

I’m trying to get an internship next summer (I have the time off work) but am having difficulty finding internships for non-MBA master’s degree candidates. (I have a clinical MA and doctorate & it’s been an auto-reject from analyst internships.)

Would anyone be willing to connect for internships or work for companies that love non-traditional candidates? Thank you

like
like

Big 4 junior level feels while trying to get promoted with no raises, no bonuses, no travel benefits, and 60 hour weeks with no separation between work/home “but you should just be happy you haven’t been laid off”

Post Photo
likefunny

Getting ready to leave my role - looking for community ops, comm ops, member support, account management - anything in those customer facing roles that is paying minimum 75k. Remote preferred, based in Chicago. Background in freight/logistics and healthcare.

like

Associates - Care to share your rough budgets (income, spousal income/family support, rent, monthly spending, student loan payments, savings, etc.)?

like

EY, what is the current maternity leave policy? Does the firm allow leave starting at 38 weeks? Is disability (6-8 weeks) separate from parental leave (16 weeks)? When is full eligibility - after 12 months of employment?

like

What is caregiver leave in bny ? How to opt for caregiver leave? Any medical proof required for the same?

like

Anyone else get annoyed with the constant grumbling about healthcare/pharma work in the main bowl?

like

Hey small agency friends with kids! Quick question. Our agency’s family health care is expensive (ranges from $1700/mon with normal deductible to $1100/mon with super high deductible). If anyone out there (at a small NYC agency) has a better plan and is comfortable sharing, would you mind telling me who your company uses? My kids’ college funds thank you!

like

Hi every one how is WLB at pepsico GBS?
What are all the perks and benefits that an employee can get which are not mentioned in the offer letter.

Hey guys, anyone from Axtria here? Had some questions on company culture and employee benefits

Fishes, has anyone joined recently in Wells Fargo Bangalore? I have some queries about relocation allowance. Please help.

Wells Fargo

like

Hiring entry level healthcare it consultants. Lots of travel, lots of paid training.

Ideally has a background in healthcare technology (eg a degree in healthcare administration)

Fortune 100 tech company

like

More Posts

Person brought a pit bull onto the flight. I’m shocked there is not a breed restriction

like

I’m on an estrogen patch and I feel like it’s making me really sad. Has this happened to anyone else?

like

To all who have exited from life sciences consulting, what firm did you work at, what did you exit into, and how is it going?

likesmart

How can i get reimbursement for certifications that i have paid for from my pocket? What is the process and how much time do they take for reimbursement?

like

Hi everyone
I am currently serving notice period. I would appreciate if u all can help me understand skills & courses to develop during this career break (due to family priorities) apart from pharmaceutical brand management as i am willing to pivot my role into
1. Consulting in life sciences or healthcare or pharma domain 2. Competitive intelligence in above mentioned sectors 3.business analytics in above mentioned sectors.I wud appreciate if u can share a few referrals.Wud be resuming by Jan

Would it be better to join a Valuations group or Transaction Services group to be a stronger candidate for IBD?

like

Hi Fishes, I am a recently promoted Associate in Cognizant working in ETL project. Want to change domain, please let me know for any internal requirement.

like

I want to buy a Rolex explorer 1. Should I buy it used for around $9,500? Or someone try to wait for the AD which who knows when it’ll be. I’m a bit hesitant to buy a used Rolex. Is buying used from a reputable source risky?

like

Good Morning Everyone,

I hope everyone’s week has been going well. I applied for the Business Development Manager - Platform Partnerships with Square for Zone B.

Would there be someone willing to point me in the right direction or refer me?

Thank you in advance.

like

Third-year entertainment lit associate looking to lateral to NY market. Would love some assistance from a recruiter, as the ones I currently work with have their main relationships in another state. Please PM me if interested. Thanks.

like

Feeling very frustrated right now…company talks a big game about DEI internally, while requiring new hires to move to Texas/Arizona, while the company’s PAC donates to politicians pushing extremist, regressive, anti-woman and anti-LGBT laws

They want to encourage us to “bring our whole self to work” while putting us in situations where we can’t be our whole self.

Anyone else in a similar place, feeling discouraged? Any tips?

like

I'm wondering what everyone thinks about layoffs in recruiting?

like

What’s the comparable Audi to the bmw 540 and which one (Audi vs BMW) is the best bang for the buck?

like

Hats off to all the night shift people!

Post Photo
like

Advice when looking for Tech Consulting internships in Chicago or DC Metro? My GPA (3.04) has disqualified me from most major companies. I've opted to focus my efforts into my student organizations and helping others reach their goals, in doing this I compromised for a B average. Are there any firms that will accept recommendation letters with the application? The networking route is also something I am exploring, but haven't had much success thus far. Any help is welcome! Have a great day!

like

Does anyone have compensation advice for an HRG with 6 years of HR experience in Boston,MA.

like

Anyone moved from consulting to an internal role? How did you find it. I’m fed up of consulting

like

How bad is it to leave an understaffed team right before fall busy for a job in a new city? Part of me doesn’t care at all b/c it’s a business decision, part feels like I’m totally screwing the team.

likehelpful

Anyone work in nonprofit tax? What exit opportunities are available with 3-6 years experience? Hoping to be promoted to senior this year and curious what options exist with this specialized skill set.

like

Additional Posts in Consulting

Sheraton bed or the Westin bed in terms of good night sleep? In other words, If you had to buy one which one would you go for?

like

Looking to target PE firms as clients, need to do some research on how they work so we can speak intelligently when trying to sell operational work to them. Any book recommendations ?

likefunny

Fish fam - quite new to all this and would appreciate your support. if I am based in a high income tax state but work on site in a lower income tax state. Can I claim the paid taxes back from my home state or do I always pay income tax based on where my home office location is?
Thanks

like

How long should someone spend case interview prepping? Have no experience casing

like

Brisbane hotels - Hilton or Sofitel?

like

How do you say pizzeria? Pitz-area or pitz-uh-rea. Also state where you’re from!

likefunny

Best consulting firms without the massive ego?

like

Battle of the slides… which firm has the best ones

like

Did anyone read the top consulting firms to work for? 😂😂😂

like

Top consulting firms in the Aerospace / Aviation,l or Defense / Intelligence spaces? Looking for business or tech strategy jobs here

like

Does 401k company contribution % change as you get promoted?

like

Best business-oriented, but novel-style books with good writing, style, & interesting characters? Not really self-help/advise focused, more of actual literature with business themes/plots. Any recs?

like

I find myself struggling the explain things with the same eloquence as my colleagues. How can I improve my consulting speak? Any recommended books?

like

Book recommendations? All genre welcome but I usually read nonfiction

like

Since we’ve all been working from home for months now, what’s the best office chair out that y’all are using for our long work from home hours? Looking to invest in a better one than my ~$150 one from Amazon.

like

Bain & Company I will be heading to MBB in a few months. Any advice for how to best prepare for my new role? Any advice on books to read / skills to sharpen before I officially start? Thank you!

McKinsey & Company, Boston Consulting Group, Bain & Company.

likesmart

What are the best consulting firms in Europe to do AI strategy work in public sector? I have Canadian experience and I’m looking to move geographies.

like

Looking for non- fiction book recommendations. I just read Shoe Dog and loved it.

like

Moving from Deloitte to BCG soon. What can I expect as major challenges/differences when transitioning from big 4 to MBB?

like

Hi everyone, I’m in a medium size consulting firm started working since Oct 2021. I’m wondering is it good to jump to industry for my next move or move up in the consulting world to polish my resume better with MBB or Big 4 in my resume… any thoughts? I really don’t know what to do in life so either one works for me, but I’m just lost.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal