Why do partners do not talk or acknowledge or talk about when valuable people leave the firm ?

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

We do talk about it but not in broad, public settings. Sometimes it’s viewed as a failure on our part...why would we want to keep talking about that? Sometimes, it’s something we wanted to happen (you think they’re great but they’re really not)...why would we want to keep talking about that? Sometimes it’s because we actually asked them to go but gave them the dignity of an exit on their terms...why would we want to talk about that?

likehelpful

I’m with D1 here. Turnover rates are pretty high in consulting. Sure - some of that natural/necessary and there are always more candidates lined up. But I’d argue that consulting firms also lose some of their best talent for stupid, easily fixed reasons too.

like

These discussions happen. You're just not a part of them.

like

Why would you? What's to be gained by that public conversation?

like

Your definition of value may be different than leadership. Everyone is replaceable.

But really, go watch Jerry Mcguire. Watch him walk out on his firm. That is what happens when anyone leaves. It will happen when you leave too, buttercup.

likefunny

Whether we acknowledge out loud or not, everyone knows when you lose a high performer just as everyone knows when a non performer is promoted. I’ve heard so many excuses as to why the performers aren’t promoted, thus prompting them to leave. The common theme is fairly simple - they didn’t kiss the appropriate rings. Numbers are there, pipeline is strong and converts, people management scores are top of game. Their failure is in focusing on performance and not on paying homage. Call it what you want - fancy terms like wide network, strong brand recognition - all silliness as evident by their productivity that is hands down outstanding. I’ve seen this happen to people over and over and it is the way things go in management consulting. And no, the partners who allowed these people to leave, don’t whisper a word.

like

CT1 - uhh, maybe to discuss and learn how to improve things so that it stops happening?

like

@partner... why talk about it? To bring transparency into the system so there is no longer an asymmetry of information and to prevent others from making the same mistakes.
Keeping it a secret perpetuates the already heavy stigma on this industry NOT being a meritocracy

like

P1- thanks for the candid thoughts. Just that sometimes I feel that we function like machines to push through but we are also humans so we have feelings which we choose to ignore and it’s not easy on our soul. Seeing ppl who work 10+ years being forced to leave or seeing the best staff who you invest a lot of time in leaving is not an easy thing to let go - yet I feel that I have to be tough and move on. It’s also sad at the same time to realize that one day that will probably happen to me as well and it makes me rethink all the hard work and sacrifices made for the place. Well, this too shall pass.

like

Often times there is more to the situation than everyone knows, and out of courtesy to the former colleague we elect to take a low key approach. No doubt the individual is talented and has colleagues who wonder why they left. I’d say 75% of the time the individual received signals that it wasn’t working out and the rest of the time the person got an opportunity that was good for them so they made a decision that was best for them. Either way, we have our teams and clients to take of so our focus shifts to them.

like

Yeah this whole "let's pretend we have no problems and everything is perfect" attitude is a bit of a turnoff, especially in an industry where we're telling our clients what their problems are in the hopes of solving them.

like

That came up more than once in this discussion. “...you are just not part of the discussion...”. Speaks clearly on how “the team” is viewed by partners and why this posting started in the first place. As long as the owners keep treating the employees as replaceable resources in a “need to know basis” the “team” will continue to be fake propaganda.

like

P2 - I think that's the point the question is trying to get across. If you have "the team to take care of", why isn't the conversation happening to make the team feel like the partners care?

like

Grateful that in my service line we have a little farewell when someone leaves. Whether it was on good terms or not, if they’re not going to another consulting firm, they’re a future client, no?

like

It could be construed as a sign of weakness! Being a leader often entails acting tough and appearing stoic at all times.

It’s fake news

They have many things to do. So yes, sometimes
they will neglect valuable employees. Other times, the so-called valuable employee is not that valuable. Also, as someone else pointed out, discussions happened but you were not part of them

Related Posts

Which one to choose Verizon (Signal Diagnostic tool) or Virtusa (CITI Bank client). YoE -.2.11(Almost 3 years), Skill - Java Full Stack. Please help me to choose.

like

Hello guys,

YoE -3

Offer in hand

KPMG - 11 lPA for PMO Role
Berkadia - 14.5 LPA for Scrum Master Role
Invesco - 16 LPA for Scrum Master Role

Which one to choose? Choosing others would mean I will be out of Big 4, but other firm offers are juicy in the role and pay, hence the oscillation

like

UNPOPULAR OPINION: facebook/social media isn’t the problem. it’s that the crazies can create echo chambers of information more quickly and easier than before.

why do we blame the tech? the people will still believe what they believe and spread it in other ways.

like

Currently asking around for others that work in the hospitality industry specifically banquets or banquet serving what is the tip pool break down at your hotel servers,captain, houseman, house percentage do you think your paid fairly from the tip pool?

I find, as a product marketer, the relationship you have with your corresponding product manager is sacrosanct. I protect it with my life. Anyone feel similarly? Love to hear your thoughts.

like

Hello Everyone, Can anyone from LTI refer me for a profile? I have the profile link. Please dm me if you can.

like

Hello new to the Fishbowl, currently seeking new employment in the Cash Application Accounting, system implementation, order to cash Management or non management roles. Also, open to new opportunities in other areas. Any recommendations would be greatly appreciated ☺️

likefunny

Any idea about hiring process in HCL I got letter of intend in the month of march still offer not received and even HR doesn't reply or pick my call.. Do I need to consider that I am rejected after letter of intent?

like

DM me if you need referrals for following positions at Virtusa

Cypress+Automation (4-7 years)
.Net+CRM Developer (6-8 years)
SDET Engineer - Python/Java & Rest API (4-6 years)
QA Lead - API Automation (9-15 years)
Big Data Developer - Spark with Scala (5-7 years)
Wintel Admin (12+ years)
Java Microservices (4-8 years)
Java Developer (4-10 years)
Java with AWS developer (5+ years)
Business Analyst - Capital Marketing/FX Products (5+ years)
Salesforce Health Cloud (3+ years)
Synon Dev (4-10 YOE)

like

Help— short vs long term rentals!

I have 2 vacant units that I need to get rented or monetized. I’ve never done the AirBnB host thing before.
I’m in the Bay Area and rent control laws are very real, so I kind of like the idea of the short term rental option for that reason.

Continued below

like

Thinking about getting a puppy. Medium sized good with children smart and spunky. Any ideas?

How do you give your two weeks? To your lead senior, a manager, senior manager, partner, HR, or all? Any advice would be appreciated!

like

Does anyone know axtria pune office location?

What's your best advice to learning and practicing caseing for interviews?

like

Starting my first actual legal job in my area of law I prefer (criminal) but after a few weeks at a bad big law job (quit because it was insanely toxic and full of lies). BUT, I feel especially nervous and fraudy. Any advice?

like

Hi fishes,
I had cleared CTS interview hr has told me that it'll take 3 to 4 weeks to release offer letter. Is this how long they will take. I have not yet put paper

like

Want to enter investment banking. 4th year finance student. Non-target school, 3.5 GPA, internships in PE sell-side, corporate FP&A, and trade economics. School has elite International business program(1st in world for 30y), finance scholars program, consulting club, AKPsi. All four consist of same 100 or so people and difficult to break into. Alumni at BB’s, Piper Sandler, Jeffries. Suggestions on getting my foot in the door?

like

What would be the designation offer for 11.6 years experience and the Package for the same. Current salary 20 LPA fixed

Is it a lateral move to go from Manager at Accenture to principal consultant at SAP?
Where does a principal consultant sits in Professional service hierarchy of SAP North America?
SAP

like

Anyone hiring SAE or junior planners in NY?

like

Additional Posts in Partner One

How do you help the people who work under you avoid burnout?

like

Sometimes reading or hearing about things from Partners makes me feel like it's not a worthy goal, but it's been my career dream for a really long time. I'm still pretty young, but wondering if I'm fooling myself. Do you ever regret choosing this career path? Or would you not have changed a thing?

like

Hi, partners 🙏 What should people learning to pitch read to ninja around stakeholders' resource allocation realities?
More specifically, what tips and tricks do you use to sell projects where you can't really measure the main KPIs? (e.g. revenue on a product development project)

like

@PwC partners - two unrelated questions:

1) partner pension - I heard they are changing the formula. Can you elaborate on what the change is and if you feel it hurts new partners?

2) partner buy in - what is the actual buy in $ amount? I've heard $250k but wanted to confirm.

advisory if the answers differ at all. Thanks!

like

Lateral hire, having an intro call with a Director at my new firm in an industry I want to join. How do I make sure I don’t waste their time with silly or redundant questions?

like

Early-career advice needed:
Building career in Social Impact.

Should I stay in Big4s/boutiques to gain specialized experience or join strat consulting firm to hone problem-solving skills + CV boost?

like

Partners / experienced professionals, what do u day to someone who is choosing his path in life, but is worried his chosen path will be replaced by AI?

likeupliftingfunny

Hi Partners, was a tech consultant before joining EY..it’s very different from where I came from..no prob bonding with teammates, clients I work with but have a hard time bonding with my CONT

What do your days typically consist of?
Is it all just meetings and selling, or is there something enjoyable beyond the salary to look forward to?
Trying to figure out if I want Partner track or exit

likesmartfunny

Partners, what are the biggest & most underrated trends you've seen in the consulting industry? Maybe some that have happened over the past decade, others happening now. Cont'd.

I really enjoy consulting, I have a Top 5 MBA. I see how people kill themselves to make partner and then stay partner, and I don’t know if I have the energy or the drive to do it. What’s in my future?

like

I’m leaving a firm partnership to start a firm with two other people. I haven’t worked with them but they’re highly recommended. I’m the only one with sales exp. How should we navigate equity/comp?

like

Hi P fish! So I need some advice on how to handle an situation. I have a new boss (5-6weeks) and we are butting heads. She asked me to deliver a deck. We did a half baked session of her telling me her

Partners and All, went through this thread and there are questions on titles and comp. is there a way we can create one post and pin it, so the questions here will be focussed on non-comp. (contd)

what are the sales targets for a B4 Managing Director in the SAP practice ?

like

Partners who were highly technical in their past. Were there any skills, thought processes or behaviours you had to gain or lose to get to where you are today?

Perhaps an odd question, but I've recently moved into a technical career track. I perform well and have a great career sponsor who has asked me to think bigger about my career goals. I've noticed my social skills and way of thinking are shifting towards stereotypical Engineer. Less social, less big picture thinking.

like

At PwC Tax, do partner comps get determined by the performance of the entire firm or the group?

like

Partner 🐠: How much “sourcing” do you have to do at your current company? I am asking because i enjoy responding to RFPs issued by potential clients or helping existing clients with new projects where they need help, but I don’t feel very comfortable trying to source new projects without leads, it feels very artificial much similar to cold calling, and being introverted does not help

likesmart

How many of you ultimately want to be a Partner vs. view consulting as a stepping stone to something else (vs. don't know). Upvote choice and provide commentary.

like

Partners & Sr. consulting leaders - if you were 31 and a Sr. Manager at a company like Accn/Deloitte/IBM and had a shot at going to McK, Bain or BCG as an Associate, would you take it? Pros & cons?

likefunnyuplifting

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