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| *Ostroff, Fair and Company>>>Administrative and Office Support |
Consultancy firms? |
Does consultancy firms like Accenture and Spectrum gives out "year end bonus" to their consultants? If not, why are they such a hot pick for employment? thanks! Consultancy compensation generally works like this: Salary: for doing your job Billing revenue sharing: a fraction return for doing billable work Target goal bonuses: for meeting objectives like customer satisfaction or peer review Broad team goal bonuses: what you are calling "year-end-bonus" In general, Consultants have to do billable work. This means that for every hour you spend producing some deliverable, usually a recommendation document, the client is paying the firm a per-hour rate (usually 4 to 5 time the hourly rate of the consultant). I'm not sure what you mean by hot pick, but in general, consultants have to maintain a % billable rate in order to justify their salary. This is because on average, administrative and/or travel can get in the way of being 100% billable. I hope this helps :) |
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