The vast majority of project managers say the project management maturity level of their department is either neutral or less than satisfying. When it comes to the maturity level of their entire organization, 63% of respondents felt somewhat dissatisfied, very dissatisfied, or neutral. Project management comes with its own set of challenges that only become […]
Corporate social responsibility (CSR) is becoming a necessity rather than a nice-to-have program as more consumers and workers choose companies based on ethical business practices. According to a survey by Cone Communications, three-quarters of Millennials would take a pay cut to work for a responsible company. Additionally, research from Aflac found that 77% of consumers […]
Business analytics are fundamental to making data-driven decisions, year-over-year comparisons, and future forecasts – all of which are vital to scaling and sustaining a business. In a country with more than 1.3 million management consulting firms, your consultancy can stand out by providing easy-to-understand reports and constant data collection to help your clients achieve their […]
Good communication is the foundation for building client trust in management consulting firms. It can help consultants convey ideas, manage expectations, and resolve any conflicts or disagreements. Because effective communication is crucial for your firm’s success, it’s important for your team to have a unified response to client requests – especially if you have more […]
Large enterprises use an average of more than 200 software applications across their entire organization at any given time. This includes software that helps them manage critical business functions like: Timekeeping Client billing Project management Instant messaging Video conferencing Business analytics File sharing Compliance Having this many applications can increase the amount of training required […]
Meetings are essential to workplace communication, problem-solving, and decision-making. However, when remote work became the new norm and companies turned to virtual meeting platforms, meetings per person increased by 12.9%. The number of attendees per meeting also increased by 13.5%, and inefficient meetings were labeled as the leading disruptor of employee productivity. With the amount […]
According to Gallup analytics, only 12% of U.S. employees say their company does a good job of onboarding. This number is shockingly low for a process that gives new hires their first inside look at the company and their new role. Many employees report that they received no onboarding at all. Since many firms are […]
Management consultants are fantastic problem solvers, as shown by their high demand. Nearly two-thirds of consulting firms report being short-staffed, with 92% labeling staffing as a “crisis” for their firm. Additionally, 20% of firms are turning down business because of low staffing. To help save valuable time, management consultants need a way to organize their […]
You’ve probably heard that nearly half of all startups fail within the first five years, but did you know the odds of successfully scaling are relatively bleak? Of the startups that survive five years, only about one in 200 become successful scaleups. According to McKinsey & Company, just 22% of businesses launched in the past […]
Among all the challenges today’s accounting firms face, burnout is perhaps the most alarming. A recent survey revealed that 99% of accountants and financial professionals are experiencing some level of burnout. This can lead to increased mistakes on the job. Because burnout is measured by factors that include an emotional detachment from work and a […]
Accountants can have a harder time achieving a healthy work-life balance than professionals in other industries due to their jobs’ demanding and high-pressure nature. Common barriers to proper work-life integration include: Tight deadlines Managing multiple clients Heavy workloads Constant regulatory and tax law changes Juggling responsibilities Long hours are also a concern, with the average […]
Working in the legal profession can be demanding. Long hours are common, clients can be complex, and cases can take a toll on your emotional well-being, depending on the type of law you practice. For the first time in its history, a survey by Bloomberg Law found that lawyers felt burnt out more than half […]
