Listening to a generational session at DU and wondering how these generational differences influence retention rate at the firm. Do you see a difference?

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

Not fully sure what you mean @OP but I’ll take a crack at it (as I was formerly Deloitte).

I think the biggest change from past generations is availability of information that results in a more liquid job market. Unlike the past generation which may not have had all the info at their fingertips or platforms like LinkedIn where recruiters can easily reach out / folks can stay connected, in today’s world, information is readily available (perhaps thanks to my new company 😉).

This means Deloitte and any firm really has to consistently offer a competitive product - including above average salary for industry, benefits (strong 401k match), etc. Platforms like Glassdoor (and perhaps this one) help reduce any information asymmetry - think back to all the threads that come out every year on comp ... if you’re at Deloitte or any other firm, you know BCG pays C’s $165K base now. How does this impact your career logic / thoughts?

The promotion trajectory also has to be clearly communicated and competitive, since folks can see their peers at other consultancies and how fast they get promoted. If you see a peer at McK go from BA to EM or AP in 4-5 years and you think you’re just as qualified, you won’t be happy being stuck at SC or maybe M.

Availability of all this info ultimately drives change - when folks are dissatisfied with any of the above, they either try to have the right convos at the firm and address issues or jump to another opportunity that address the above (and any other issues on their mind).

Just my two cents!

like

Huh? What are you talking about?

like

I think generational differences play a much smaller role than people like to claim. Young and inexperienced will always have a different perspective, but the changing market dynamics right now are simple supply and demand: anyone with a college degree and less than about 7 years of work experience had never seen a tight job market, and so doesn't understand the value of stability in a job. From their perspective, they have the skills and there will always be someone hiring

like

Related Posts

I may need a freelance senior (ish) AD to partner with for the month of January, in house at a start up. Post your books!

For getting promotion who take the main decision? Manager, Supervisor or HR?

like

How can I make friends in Chicago?

like

Just got the ikon pass...I always ski east coast but hoping to get to Utah one weekend. What is the best/closest mountain from SLC?

like

Hi,
How does the sapience ibuddy tool work ? What if I'm not able to clock 8 hours ?

like

Science question: is there an explanation for why some amide coupling reagent work better than others? Trying to find an explanation for some results I'm seeing in my research but I'm not finding anything.

like

I have two of these - they’re each 4 years old, battle-tested and keeping perfect time. Ronda movement in a US assembled case... very good 800-1k range watch for a wide range of wearability.

Post Photo
likeuplifting

Hello everyone. I am new here and looking for a job in Digital Marketing in companies like EY, Cvent, GroupM or Deloitte. I have 7+ years of experience in the same field. Your help means the world to me!! Looking forward to constructive conversation.

like

What big moves/life changes are you guys making in 2020?

likeuplifting

Posting this for a friend. She has 20+ years experience as a resource manager and is is trying to leave Microsoft. She’s currently making 157K base. what salary expectations should she have. She has interviews with Amazon, Deloitte, and a few others I don’t remember lol.

Post Photo
like

What is UBS Associate Director salary in Non IT Pune role with 15 yrs of experience.

Anyone have any insights into the incredibly random numbers in the DPW salary scale??

like

BNY Mellon technology specific questions -
#0 How much max salary for grade K ?

#1 How long does it take to promote in bny from grade K to L ?

#2 Any specific criteria for promotion? Expr , certification etc...?

#3 How much % hike to expect post promotion ?

Skills- Java, microservices,react, cloud

HSBC India JPMorgan Chase BNY Mellon | Pershing Citi BNY Mellon UBS Citi Allstate BNY Mellon | Pershing BNY Mellon Corporation HSBC India

like

Looking for Java, Springboot Developers. Kindly DM if you looking out for change if having experience in these Skill-set.

Location is not a constrainst as hiring PAN-INDIA.

Flexible work culture with Prominent WFH.

P.S: Currently hiring very aggressively, can offer better CTC as per the market standards.

like

Anyone else burnt out from work not because of the hours/stress but because of the actual work itself? I’ve reached new peaks of hating my job.

like

Hi fellow ZSers
Can anyone help me understand if there's a provision of moving from ZS India to ZS UK role?
If yes, what should be my approach?
I joined ZS 3 months back and would really appreciate the help!

like

I’m seriously enatkng to get into an SE role and have been searching for Associate Sales Engineers that do NOT require SE experience since I’ve none. It’s proving to be difficult. Most companies for some reason are requiring 2-3 years of experience for the Associate role. 😭 Any Sales Engineers who know of companies hiring those with no experience? I am in tech as a BDR already.

like

DM me for referral in TCS

like

KPMG US announces deep pension and 401k benefit cuts. And no raises unless your one of the few being promoted.

likesmarthelpful

Additional Posts in Consulting

What is a simple way to explain to my boyfriend that investing in equity with an expected return of 10% is better than paying off debt that is growing at a rate of 6%. He has student loans and is adamant that he wants to pay all of them off immediately before saving any retirement money. I understand that many individuals use this strategy but I think investing in index funds for the long haul is better from a wealth accumulation perspective, without even factoring in tax implications of 401k

like

Beside toastmasters, what are other ways to improve communication and public speaking skills? Books, podcasts...?

like

3.4 GPA, non stem major, went to top 10 public university, 700 GMAT, URM, female, 1st Gen? Just want to break into UCLA (top 25) and above

like

Are there any good movies or novels that show skill development - like follow through? Self-management? Money management? I read a lot of self help books so I know a lot of the theory, and books peppered with examples help, but I feel like most 1 paragraph examples don’t five justice to how hard it may be to change a behavior.

like

Anyone know if S&O, Human Capital and Tech are going away?

like

Would you take an offer at Facebook given the current situation?

like

What are the best consulting firms in the capital markets and/or investments world?

like

Domains/Tech Skills in Consulting that give the best potential for earning opportunities in the next 5-10 years not including strategy: Data Science, AWS, Cyber Security, Salesforce, EPIC, Workday

likefunny

What are some concrete reasons why someone in consulting would be fired, other than the obvious stupid things?

like

Which tv show best exemplifies your work or office experience?

like

If I just chill on the bench for long will I still only get fired at the end of the year?

like

it hard to say

likeuplifting

About 20 aircrafts in queue to depart from PHL, no other aircraft can leave the gate. More delays.

like

Good books for case prep/valuation. Econ consulting, if relevant. TIA

like

Where should I go for dinner?

likefunny

How many hours / weeks did you study for the gmat?

like

MBB folks, do you and your coworkers even consider Big 4 people management consultants? Trying to gauge the general consensus.

Laid off, any tips on how to gain experience/sharpen resume while job searching? I was in a project management support analyst role/ Venture capital sales role. I’m thinking of getting certifications to increase marketability

likefunny

MBA chances at M7? Top 30 undergrad school, top 10% of class (3.8 GPA) in economics. 700 GMAT. White male, USA 3 years work experience at strategy at EY.

like

How long does the referral process take at MBBs? Recently got referred to one and was wondering when I can expect an answer on first round interview?

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