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

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

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
Recent IconRecent

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.

like

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.

like

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

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

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

like

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

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

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

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

like

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.

like

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

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.

like

@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….

like

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.

like

Related Posts

I recently interviewed for a really well known, mature tech company that’s revered for its great culture. I was at the last round, after over a month of communication, interviews and challenges. I couldn’t even count hours I’d already put in. Then they ghosted me. It ruined my interest in the role anyway, but I’m still extremely disappointed with how they treated me. Is there a way to give them that feedback? And is it even worth it anyway?

like
like

Feeling gutted after being rejected in the final round of a very lengthy and grueling interview process. My stomach churns when I think of all the work I put in and how good of a fit the job was for me. Tips on getting past this?

like

Any tips on best sources for case study interview practice ?

like

How is shell account in IBM? For data engineer position?

like

Tech company I’m interviewing w/ asked for career history w/ name & contact of immediate supervisor, & if I’ll help set up reference calls. Don’t want my boss to know I’m interviewing. What to do?

like

I recently got a BDR offer at a top technology company for sales at NYC. My base is 60k, OTE is 85k, Stock is 25k (vested over 4 years), and a signing bonus of 5K. I should also mention that I have uncapped commissions. I really don’t know if this is a a good offer or not. Can someone please shed some light on this?

like
like

What does a mental health day look like for you? Took one today & it was the best thing I’ve done for myself. Bonus Q: did you own up to it being a mental health day or did you go to “the dentist"

like
like

Hi all! Is there anyone here who is familiar with the HR policies around hiring/ firing and what information about the candidate is shared during the process?

like

Planning on having a conversation with my manager about my performance review and then I’m going to ask for a raise! Any tips on how to ask or structure the conversation? Also, what is a fair amount more to ask for? I’m thinking 15%.

like

What are the best resources you’ve found that walks you through step-by-step, the data incident management process and what to ask your client?

like

Are BB also hiring like crazy right now, or is it just M? And if I started at my current place like 3 months ago and let's say I get an offer from a MBB, would pivoting be frowned upon or be considered "burning bridges"?

like

What’s your best practices when you are interviewing? I am a top performer and always did well but I struggle with my interviews mainly cause I get all antsy. Pretty lame, I know. Let’s hear from folks here, how they deal with their interview jitters… TIA!

like

Barring making it to partner, what's the salary ceiling in big 4 in NYC?

like

McKinsey & Company Has Mckinsey met BA headcount quota for the year/did they freeze hiring? I interviewed and got to last round last year, and applied again with a referral two months ago but haven’t heard anything from recruiting. Last year I heard back within 1 month of referral drop. I would’ve thought with my 1 more year of experience I should be able to get an interview easily.🥲 McKinsey & Company

like

Partner on day 1 of every project 💀🔫

Post Photo
likefunnyuplifting

Asked for a raise and was told to wait for the annual raise period even though I was doing extra stuff on top of doing my job at a very high level and they would not budge at all. I started looking around 2 months ago and I just signed an offer for a new position with a raise just above 50% of my current salary. Know your worth and go get it!!!

likeuplifting
likeuplifting

More Posts

Weekly Hot Take. We need more arcades. Not like "Dave and busters" we need more old style arcades. There arent many in my area that are well known, it would be alot better for teens to have a place they can go if they aren't in an after-school program. I really just roamed the streets with my friends. Straight A student who had some after school stuff. It would hit 5 pm or a day when the programs didnt meet, we didn't have a space to be social.

like

Thoughts on Cuomo’s decision to reopen schools?

like

Will Capgemni reject the candiature if he/she fails in Imocha English pro? Does they consider the iMocha test result for career restarters after sending the documents?

like

Hi fellow desi fishes, I am 29 M looking for a F in Houston area preferably for a long term relationship. Please DM if interested!

like

I need a career coach suggestions?

like

Looking for opportunities in Kolkata / Remote WFH job for VMware and Windows Server. Have 11+ years experience. If any contacts / reference please do let know.

Alright! Let’s say you’re a mid/ Snr planner looking for a new gig.
What are your thoughts on
_McCann
_Havas
_Droga5
_BBH
_Uncommon
_Anomaly
_VCCP?

I'm sure you all know this, but make sure you check the nutritional label even for the most harmless things. I bought some sugar free mastic gum, turns out each has 9 grams of carbs.

like

How can someone find a job localizing marketing content (taking poorly translated material and fixing it up for US consumers)? I've heard that it's a real job but can't find much information about it

like

It’s my second week at this job, was given an assignment to submit jobs into the MLR review system. I did not get the MLR training yet but worked with the existing submissions team and got boss’s approval at the agency to make it happen. Now MLR team asked us to follow the guidelines, and my boss is throwing me under the bus for not “opening” the jobs correctly. I am already breaking down and think I’m a failure, but some people think I’m not being set up for success. Should I move jobs?

like

Pharma companies with great tuition reimbursement. Thanks!

like

Nagarro , YOE -4 ,Tech stack -QA , I have joined Nagarro 6 months ago , i was tagged in first project AFTER spending 2 months in bench , project was in manual testing , I asked the manager for change of project and he approved that I was released from project within 1.5 month , again got tagged in project project started very late and now there is again manual testing , should I re ask to change project ,or search for other opportunities outside ???? I want to work purely on automation testing

Looking to exchange with former Kearney folks who know Operations/Procurement the Kearney way and can give insight how BCG Operations/Procurement work compare. Type of work, clients, impact, pressure to deliver / level of contingent deals linked to savings delivered.

like

New to recovery and had an intake call with an IOP program. They said all sessions will be on Zoom and I’m really nervous that I won’t connect to the program virtually. Anyone start rehab virtually?

like

If I do not have any H1B onsite opportunities but a good satisfied salary package on my current company. Better to switch other company for onsite will it be a good option? What should I do?

like

Anyone gonna play new battlefield game?

like

What is the CTC offered by Capgemini generally for C2 level .?

like

Should I take Siegfried Offer?

like

Hi fishes,
Anyone have hybris knowledge based on java springboot. Please let me know.

like

Never come to Annex88.

likehelpful

Additional Posts in Consulting

Thoughts on Riveron Consulting?

like

Any insights on London based firm with a Boston office called Clarasys?

like

I seriously feel at my best if I get at least 8.5-9hrs of uninterrupted sleep. Can anyone else relate?

I just feel tired and depressed all the time on ~7hrs of sleep on a daily. Is consulting not for me?

like

Healthcare consulting future - Better to go into the tech space, or focus on strategy/ops?

like

Anyone wonder what clouds feel like

like

Any thoughts on Iron Mountain’s corporate strategy arm?

likefunny

what is a keyboard shortcut that use all the time that you think others don’t know about? What is the shortcut and what does it do?

likesmart

How do you speak up in client meeting if you don't know anything and are just busy taking notes?

like

left the office an hour before my flight, had time to grab a beer before boarding. Love small market airports.

like

My weight positively correlates with my utilization.

like

Anyone have any first hand experience of seeing the benefits of putting Big 4 on resume?

like

Anyone have an recs for self help books that help with work anxiety? I've felt so low on the totem pole since I joined in 2015 that I rarely give any opinions at the office. Obvi this is (cont'd)

like

How is everyone planning for potential layoffs?

like

Any liberal arts majors make it into the consulting world shortly after graduation? If so, what was your path?

like

Just worked my ass off on a BD project while staffed full time on a project. MD didn't even invite me to the client meeting to show off the product. 😡

like

I think I’m depressed. Does anyone have a recommendation on where to start?

like

Need some recommendations for an office chair for around $300.

like

Can you pay for Invisalign with your HSA?

like

Feeling really burnt out, on H1B. Can't just take a break from work, also no utilization in this environment is detrimental. What can I do?

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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