CosmicTaco
CosmicTaco

Ghost Jobs and Shrinking Consultant Salaries Spell Trouble for Other Workers

  • Consultants are increasingly facing 'ghost jobs,' with listings showing no hiring activity hitting a two-year high.
  • The prevalence of ghost jobs in consulting rose to 31% in the second quarter, up from 26% two years ago.
  • Frustrated jobseekers report being ghosted during the hiring process, with recruiters ending communication without explanation.
  • Slower hiring and job cuts are affecting major firms like Accenture, Ernst & Young, and McKinsey.
  • Salary increases for consultants are projected to decline for the third straight year, with average salary budgets rising just 3.85% next year.

Source: Bloomberg

Post image
15mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
WobblyBiscuit
WobblyBiscuit
Zomato15mo

What's the future of management consulting

Discover more
Curated from across