{ "media_type": "text", "post_content": "Looks like a massive Exodus happened in Deloitte? Trying to staff a project and there is literally no one to staff with (at least Salesforce practice) and we are having to reach out to contractors. Is this a result of layoffs that happened last year and folks are purely unhappy with pay (not considering project pressure as that can vary/be subjective)? For folks who have been here for a long time, is this a common occurrence or is it especially bad this time around?", "post_id": "60abc7db90fe10002281e16c", "reply_count": 191, "vote_count": 80, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

Looks like a massive Exodus happened in Deloitte? Trying to staff a project and there is literally no one to staff with (at least Salesforce practice) and we are having to reach out to contractors. Is this a result of layoffs that happened last year and folks are purely unhappy with pay (not considering project pressure as that can vary/be subjective)? For folks who have been here for a long time, is this a common occurrence or is it especially bad this time around?

likefunnyupliftinghelpful
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Deloitte is not the only company witnessing employee turnover. For those who are at Deloitte making decision to change jobs, may not be aware that we are also bringing the largest lateral hiring class that we have ever seen. Those laterals are also coming from other companies.

Many companies are going through “resignation tsunami”, as employees review their life priorities during the pandemic and reset their professional aspirations.

https://www.forbes.com/sites/karadennison/2021/04/27/why-the-2021-turnover-tsunami-is-happening-and-what-business-leaders-can-do-to-prepare/

likehelpful

My spouse actually made a recent a Sr. Consultant at Deloitte to join Salesforce's HCC practice. There was a point in time in 2020 where she would either get a promotion or get laid off. Fortunately, she was promoted to Sr. Consultant through the pandemic but without a pay raise. Time and time again, she was getting robbed of pay raises and where new hires for her role would come in $30-40K higher. Then Salesforce comes in and gives her a 70% pay increase with RSUs.

These things matter. Growth matters both professionally, personally, and financially

likesmarthelpful

Wow..ur spouses story is same as mine ..

likefunny
Recent IconRecent

The same is happening in all the firms. People of tired of ridiculous hours, no wlb, bad treatment, and lack of respect.
Years ago consulting paid better and now the industry has caught up.
People in consulting are treated as nothing but a warm replaceable body.
Leaders of these firms need to show actions - people of tired of hollow words

likesmartupliftinghelpfulfunny

12 of us I know person at Director,SM and M came to AWS in the last 16 months. Six figure bump for some of us and my comp now is what a director makes. (I was an SM). When I came over even Principals we’re reaching out to me around roles and comp.

likefunny

I just left the firm. 2/3rd of my network has an offer in hand and will drop their papers on Jun 11. You think it’s bad now? A tsunami is coming. (I was in A&C for context)

likefunnyhelpfuluplifting

I heard people are leaving left and right!

like

I've been here over 7 years and it's never been this bad.

likehelpfulfunny

Then stop with the racism and sexism. That’s pretty much why I left. And it was 100% Deloitte’s loss

likefunny

After a year of insultingly tiny raises, if any at all, people are ready to leave. Combine this with none of the usual things that keep some people in consulting, like travel and being face to face with clients, and you have the perfect conditions for the current exodus.

I recently applied to a tech company (FinTech) and had two interviews completed within a week. I am hoping to get an offer, because the comp is 60% more than my current pay, and I would be getting a golden exit opportunity from consulting as well.

likeuplifting

I wish had more finance or tech project work with a partner cert and life cycle exp for a sweet PM tech exit. Was aligned to HCLS. Left consulting during the height of the pandemic about 6mo ago and so glad I did. Everything D5 said is true, I preferred working and traveling on site and my performance dropped from remote burnout. Saw the writing on the wall and was able to exit to industry. Glad to have on my resume but PPMD was never my end goal

likehelpfuluplifting

Also happening at EY. Top talent, especially at the more junior levels (sadly not me), have better options. Not sure the Big 4 consulting proposition is attractive to Gen Z.

like

Smart people aren’t going into consulting, so firms are often left with the bottom of the barrel graduates which will ultimately impact clients.

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Also we have all been worked to the BONE this whole past year. I don’t know a single person in consulting who is working less due to COVID - everyone I know is working significantly more, especially because we have so many more meetings that would have been a quick drive-by question on client site. Pair that with insultingly tiny raises, the firms all making BANK, and no sign of the workload relaxing as the pandemic ends, it just doesn’t look like anything is going to get better. It’s tough to burn out a consultant but they succeeded.

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KPMG1 It doesn’t. Re-read the post. You are incented to use all your PTOs because they contribute to your util

Making 120k at Deloitte. I don't expect bonus or raise to be more than 10k each this year. I'm interviewing for a role in Amazon for 250-275k range. Pretty good role and pay, even if I have to work long hours. If I get that job, I'm out.

like

TC yes. Also, base is capped at 185k for SF and NY, 165 for other tier 1 cities.

likehelpful

Also happening at Accenture. Job market is hot and people are leaving to pursue interesting opportunities

like

Lol it’s cute y’all think a mass exodus is happening. It’s consulting…people come and go. Deloitte will just hire more people. I’ve been interviewing people daily.

likefunny

Could someone please tell me what is deloitte consultant salary ... could be... yoe 4 yrs

Deloitte is a great place to work. Excellent benefits, great brand name, nice perks, solid comp compared to huge majority of population, and generally develops useful skills.

That said, this year has been really difficult with long hours, no raises or bonuses for 2 years, and general burnout. This is why a lot of people are looking elsewhere. The whole firm isn’t in danger of collapsing, but the employee base is generally disgruntled.

like

EY is the same - suspect this is a phenomenon across all consulting and probably many more industries

likesmart

Everyone I know that started in SFDC practice quit within 18 months, that was about 10 different people. We all joined expecting “consulting” and got a boot camp in resetting people’s passwords on salesforce and configuring access rules for a CRM database. On a real project we spent most of our days doing that plus taking notes at 11pm for USI. Out of those 10 people, 2 left to google, 3 to McKinsey and the rest to F500 companies. You’re probably better off with contractors who at least know what they’re getting into.

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Does anyone have any experience with the CSG (Customer Satisfaction Group) group and what it’s like to work for that practice?

It’s across the board, I also just left EY with more than double my SM salary at a FAANG. There’s just better places to work. My new job doesn’t give me work life balance but at least I am compensated properly.

likesmarthelpful

Amazon PTO sucks. Three week

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This is unprecedented OP. Over last 6 mos, due to the policies of the firm regarding comp and layoffs, tons of people have left and leaving every week. I lose a few people in my circle every week and the crazy part is that it’ll get worse as soon as the bonus gets paid out next month.

likeuplifting

Wow! Services industry really getting hit looks like. I am sure the leadership is noticing but I have no idea what they are doing to remedy this, if they are doing anything at all.

likefunny

MSFT1 - teach me your ways!

I can confirm this is also happening at IBM and broadly across every major consulting professional services organization (including MBB).

The market is extremely hot and we’re hiring like crazy. I haven’t seen a market like this in the last 10 years.

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@A2 - wasn’t around for 1998 but how can anyone say this isn’t a bubble. GameStop, Crypto, I mean even stocks don’t go down. 30% of my portfolio is cash rn.

like

With a lot of the folks in management at big firms demanding that folks come back into the office you are going to see a lot more of this. Younger and talented workers have a lot of options now and are choosing quality of life.

like

Believe it or not, the attrition numbers are actually lower than they are in most years. The firm knows they’ll jump after 6/11, but that happens every year. It’s not so much an exodus is that we have way too much work for the staff we have

funnylikesmart

There is a reason the bonus payout date was moved to June versus August. There are a lot of senior people that hang on until August to get their bonus. Also there are people they want to leave that hang on to get their bonus. But there are also a lot of people that are ready to go that they don’t want to lose that will leave after June. It’s the beginning of the fiscal year and a lot of vacation over the summer. Let them find out who is going to leave in June then have the summer to staff up.. I know a lot of good people that are going to leave and I get pinged all of the time about Amazon Web services. I have four Deloitte resume in referral right now and these are highly qualified people. There are 12 people that I know personally that have come to Amazon in the last 14 months and most of them are very high performers and didn’t get let go. And we are talking directors and senior managers and a couple of managers. If anyone has any deep technical skills or great relationships where they can sell solutions then they can get paid more here. If people are thinking about moving you need the skill sets and the relationships to make the money elsewhere. There are things I miss about Deloitte but I would not want to be there right now.

like

I left and so did 90% of my network….we all went to different places. Everyone is happier and has better wlb….

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Lost almost 10 team members and 2 SMs from my project within a year. That accounts for 1/4 of my team we had to backfill. Moving the year-end process earlier + throwing retention bonuses in amounts never heard of before. I know this maybe a little difficult for you to connect but go ahead and give a try.

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