The consulting industry today is more fast-paced than ever. It is on the cusp of disruption, and both consultants and their clients have to keep up with industry events and happenings. For this very purpose, we curated the latest and some of the biggest consulting industry news for your perusal. Read on!
And the best consulting firm to work for in APAC is…
Polling more than 500 consulting professionals in the Asia-Pacific region, Bain & Company is voted the best consulting firm to work for. Factors of evaluation include prestige, practice area strength, firm culture, compensation, overall satisfaction, hours, and more.
“Bain & Company has regained its position as the top consulting firm to work for in Asia-Pacific, ending rival McKinsey’s two-year reign, according to a new survey by career information site Vault.com, which attributes Bain’s climb back up the rankings to its focus on the quality of life of its employees.”
IBM Launches Industry’s First Consulting Practice Dedicated to Cognitive Business
IBM launched the first consulting organization –IBM Cognitive Business Solutions. This solution will help introduce a new model of business analytics to help clients realize their potential.
“Cognitive represents an entirely new model of computing that includes a range of technology innovations in analytics, natural language processing and machine learning. Industry analyst firm IDC predicts that by 2018, half of all consumers will interact regularly with services based on cognitive computing.”
Source: IBM via PR Newswire
BCG allows consultants, partners to take time off every week to pursue their interests
Work-life balance is a globally relevant issue that companies are striving to address. The lastest new initiative to support better work-life balance comes from BCG, which started its “switch off” policy in its India branches.
“PTO (Predictability, Teaming and Open Communication) will enable consultants and partners across BCG in India to switch off for some time to pursue their interests or other work outside the office. BCG will enable all consultants to switch off during those few hours in a week after discussions with clients on projects. And switching off doesn’t just mean not being at work, but a clear understanding between clients and colleagues that the professionals will not respond to calls, mails, and texts.”
Source: The Economic Times
Pay equity:Live chat with Ernst & Young’s Susan Doughty
Susan Doughty, an industry expert in the design of contemporary reward strategies and solutions and a certified Global Remuneration Professional, spoke about being in the consulting industry as a woman.
“Firstly, [it’s] not always about choice… We find that even at a young stage our young women are guided away from higher education or traditionally male dominated fields. Although women take career breaks, they shouldn’t be disadvantaged in terms of their promotion, access to development, access to equal treatment in terms of performance and pay rates.”
Deloitte announces centre for regulatory strategy in APAC
Deloitte launched a new APAC centre will aim to promote regular dialogue with regulators as well as help provide insights into managing the aggregate impact of regional and international regulatory policy.
“Deloitte Australia has unveiled its Asia Pacific Centre for Regulatory Strategy (ACRS) to help strengthen its advice provisioning to clients managing “complex regulatory change” across the region.”
Breaking News:QuickFire Consulting Has Officially Launched
QuickFire, is a brand new consultancy, which aims to simplify consulting.
“Through collaboration, communication, drive, focus, mindset, passion, and an entrepreneurial desire to establish yet another company, it gives me the utmost satisfaction to announce the official launch of QuickFire Consulting.”
Source: Linkedin Pulse:Brett Brody
MIT Sloan Joins Chorus Of Calls To Recruit More Women MBAs
The female director of the prestigious MBA program at MIT Sloan School of Management calls for a more gender-diverse student population.
“The female director of the MBA program at MIT Sloan School of Management has joined the growing global chorus calling for more women to enter business schools. Maura Herson has said that business schools have moved on from being male-dominated institutions churning out competitive ‘would-be wolves of Wall Street.’”
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