Facing the challenge with Teamleader
Posted: Tue Dec 10, 2024 10:19 am
Furthermore, the relationship between consultant and client is very personal and needs frequent maintenance. Whether working alone or in a team, professional reputation will overshadow everything else. In other words, a good speech may win clients, but it is impeccable – and proven – experience that makes them loyal.
"The relationship between consultant and client is very personal and requires frequent maintenance."
3. Attract and retain new talent
Consultants have a demanding job. They travel frequently, work long hours and must be reachable at all times, even outside of work hours. The impact on their personal lives is obvious. So it is not surprising that there is a lot of turnover in this sector: there are people who choose to spend more time with their families, and at the other extreme, those who frequently change companies to progress in their career.
It's a very competitive business. The European consulting market is expected to grow by 4% in 2017. With this momentum comes a growing demand for new talent.
All of this has made strategic consulting firms a very popular career path. While this is japan telegram data very good news for the sector, it indirectly encourages even more job change.
What does this mean for small consultancies looking to grow? They face the huge challenge of finding and retaining talent in a highly competitive market with a multitude of job openings. With every consultant lost, they risk losing their client base as well.
4. The difficulty of time control
Consultants typically charge by hour, expense and/or work performed; which means that time and expenses must be properly accounted for, and projects and tasks diligently verified before any invoice is issued and the client pays for services rendered.
However, few consultants enjoy this part of the job. Their forte is analysing situations and implementing projects, and sharing their knowledge – not writing lengthy reports or filling out service sheets. They rarely make good accountants or administrative virtuosos. And the fact that many of the time-keeping methods are outdated and difficult to use doesn't help either.
Some consultants working for agencies or small firms are even wary of time tracking and see it as an instrument of power. But nothing could be further from the truth: time tracking gives consultants a clear view of exactly what they did and for whom, as well as insight into the inner workings of their business. And clients, in turn, appreciate this transparency that makes all the difference.
The question is how can consulting firms track time more easily, efficiently and rigorously, without giving off that Big Brother feel?
"Time tracking gives consultants a clear view of exactly what they did and for whom, as well as insight into the inner workings of their business."
"The relationship between consultant and client is very personal and requires frequent maintenance."
3. Attract and retain new talent
Consultants have a demanding job. They travel frequently, work long hours and must be reachable at all times, even outside of work hours. The impact on their personal lives is obvious. So it is not surprising that there is a lot of turnover in this sector: there are people who choose to spend more time with their families, and at the other extreme, those who frequently change companies to progress in their career.
It's a very competitive business. The European consulting market is expected to grow by 4% in 2017. With this momentum comes a growing demand for new talent.
All of this has made strategic consulting firms a very popular career path. While this is japan telegram data very good news for the sector, it indirectly encourages even more job change.
What does this mean for small consultancies looking to grow? They face the huge challenge of finding and retaining talent in a highly competitive market with a multitude of job openings. With every consultant lost, they risk losing their client base as well.
4. The difficulty of time control
Consultants typically charge by hour, expense and/or work performed; which means that time and expenses must be properly accounted for, and projects and tasks diligently verified before any invoice is issued and the client pays for services rendered.
However, few consultants enjoy this part of the job. Their forte is analysing situations and implementing projects, and sharing their knowledge – not writing lengthy reports or filling out service sheets. They rarely make good accountants or administrative virtuosos. And the fact that many of the time-keeping methods are outdated and difficult to use doesn't help either.
Some consultants working for agencies or small firms are even wary of time tracking and see it as an instrument of power. But nothing could be further from the truth: time tracking gives consultants a clear view of exactly what they did and for whom, as well as insight into the inner workings of their business. And clients, in turn, appreciate this transparency that makes all the difference.
The question is how can consulting firms track time more easily, efficiently and rigorously, without giving off that Big Brother feel?
"Time tracking gives consultants a clear view of exactly what they did and for whom, as well as insight into the inner workings of their business."