Recruiters adamant: 2006 will be a bumper year for candidates!

Here's some cheery news to share with everyone interested in the health of the management consultancy sector. For our forthcoming recruiters' event we asked the 250 attendees (a mix of HR managers and recruitment consultants) to assess the likely buoyancy of the consultancy recruitment market in 2006 - always a good indicator of how healthy the consulting market as a whole is looking...

On the back of a buoyant 2005, an incredible 81% of recruiters believe recruitment levels will be higher still in 2006. The remainder almost all believe the market will be as buoyant as it was in 2005. What other sector can boast that only 1% of executives believe the market will be quieter in 2006 than it was in 2005??

Here's to a bumper year for us all!

Tony

PS Here are those results in full:

Q. Do you envisage your company will make more hires / placements in 2006 than in 2005?

Significantly more hires / placements than in 2005
(35.53%)

More hires / placements than in 2005
(46.49%)

A similar number of hires / placements to 2005
(16.67%)

Fewer hires / placements than in 2005
(0.44%)

Significantly fewer hires / placements than in 2005
(0.44%)

Recharging for the New Year

A short post to wish all our readers a very Merry Christmas and enjoyable break from work.

Conversations with Consultants, FTSE clients, HR managers and recruitment agencies alike all seem to point to 2006 being a very hectic year for those of us working in the consulting industry. So do have a great break and come back in the New Year fully recharged and ready for a really busy year and sky-high utilisation rates!

Season's Greetings, Tony

PA Consulting vs. McKinsey vs. Bain ??

There's an interesting read on Ovum.com this week, analysing the strengths and positioning of PA Consulting Group. Not sure I agree with the bit about PA Consulting being up against McKinsey and Bain, I'd have thought there are other consulting firms they come up against much more often. But a good read nonetheless for anyone interested in PA...

Article link
Latest job openings at PA Consulting

Tony

Consultants - act now while the odds are stacked in your favour!

I was invited to join ~40 HR Directors and HR Managers from the world's top management consultancy firms last week, to review what's happening in the consultancy recruitment market. The conclusion reached was quite stark:

There's a shortage of good consulting candidates - relative to the huge recruitment targets that the firms are now trying to hit

The implications for candidates are clear - you are more in demand now than you have been at any time in the last 5 years and the competition for consulting jobs is lower because of a shortage of applicants. The conclusion - from the candidates' perspective - is that now is the time to start applying for consulting jobs while the odds are stacked in your favour. If you'd like to review the latest consulting jobs click here now.

Of course there are pockets of consulting that aren't doing so well, so there will be some candidates struggling to find work still. But for those whose skills are in demand (and particularly those wanting a role in the UK) there has not been a better time to be looking for work in a long long while. So strike now while the iron is hot!

Tony

Incommunicado because...

Hi all. Sorry for the long gap in posting to our Blog. This is a reflection of how incredibly busy the consulting market - and the consulting recruitment market - are right now.

Things picked up again a good while back, but now there's an added factor in the mix...

... consultancies (and banks) have been lavishing pay rises on their staff, countering job offers employees have received from competitors and talking up the year-end bonus prospects. This means people are less likely to move jobs now than they were 6 months ago - when a move was seen as the best way of securing a promotion / rise. Which means recruiters are having to work harder just to generate the same volumes of applicants as before.

So recruiters need to hit ever more aggressive recruitment targets to meet client demand; yet at the same time they're having to work harder - and spend more - just to generate the same volume of applicants as before. The pendulum has certainly swung now such that we are in a full-blown candidates' market.

Which in a round-about way explains why I've been so quiet on the blog. We've just been blown away with client demand these last weeks - which if you're a candidate looking for a consulting job right now is great news indeed.

PLEASE NOTE: that doesn't mean everyone reading this site can just walk into a consulting job. The entry hurdles for consulting are still incredibly high - in fact that's one contributor to the recruitment problem the industry is currently facing. If you are not an exact match for what a firm and their clients are looking for, it's still going to be tough to secure a role. But for strong candidates the opportunities out there and the range of organisations currently hiring has not been better anytime in the last 5 years.

Long may it continue! Tony