CosmicTaco
CosmicTaco
18mo

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
18mo ago
WobblyBiscuit
WobblyBiscuit
18mo

What's the future of management consulting

Discover more
Curated from across