The Management Consultancies Association has recently completed a survey on consultant salaries. Below are the list of ranks and salary mid-points for London; salaries in the rest of the UK are 10-12% lower.
Analyst: £28,000 - Graduates or those with sector specific post-grad work experience.
Junior Consultant: £43,000 - Consultants with delivery experience in consulting, or with professional qualification or comparable level of competence e.g. ACA, CIPD, etc.
Consultant: £60,000 - Consultants with specific skills and proven delivery experience and some field management responsibility; MBAs entering consulting for the first time.
Senior Consultant/Manager: £68,000 - Fast-track industry candidates and top Business School MBAs joining mid/top tier strategy houses.
Managing Consultant: £85,000 - Consultants with good project leading experience. Sales involvement was claimed by about 60% of the consultants we surveyed at this level.
Principal/Associate Director: £120,000 - Senior rankers at a traditional consultancy or those with large project management/programme management responsibilities.
Five tips on how to develop a great in-house team
Manage expectations from early on is essential to create a functional and happy team that helps you grow the business further. here are 5 tips on how to achieve that:
1) Set clear expectations. Create a simple plan of how the organisation might look in a year or two, and the roles that will be required. Prepare clear and well defined job descriptions and tell your people regularly how they're doing. Avoid generic feedback.
2) First employees can be a challenge later on. Avoid it by showing your plans and how they will fit into it the future. If they exceed expectations promote them, which is far better than trying to clip their wings when they became too pivotal to the business.
3) Keep your employees positive. Allow them to contribute to the bigger picture and give attention to their innovative ideas for improvements to make them feel appreciated and valued.
4) Offer professional development. Ask your people where they want to be in five years and ensure them that you are helping them to get there.
5) Say "thank you." Express your appreciation regularly for their good contributions.
Ten steps to developing your leadership skills
In the business literature there are two camps: one says that leaders are made, not born and the other believes in natural born leaders who have not been de-programmed along the way. Regardless of what camp you belong to, here are ten easy steps you can take to awaken or develop the leader in you....read more....
Record number of tax refund scam emails reported
Record numbers of scam emails, offering fake tax refunds, were reported to the HMRC in recent months, with an unprecedented 10,000 reports of the fraud on one day alone in October. The scam email tells the recipient they are due a tax refund and then asks for bank account or credit card details. Anyone who gives these details to the fraudsters risks their bank accounts being emptied and credit cards maxed to their limit. The victim also risks having their personal details sold on to other criminal gangs.
HMRC strongly advises customers to:
- Check www.hmrc.gov.uk/security/index.htm to see if the email you received is listed.
- Forward suspicious emails to HMRC at phishing@hmrc.gsi.gov.uk and then delete it.
- Do not click on websites, links contained in suspicious emails or open attachments.
- If you fall victim of an email scam, report the matter to your bank as soon as possible.
Story link:
http://www.hmrc.gov.uk/security/examples.htm#rebate
------------------------------------------------------
Postal strike will discourage consumers from shopping online for Christmas
While e-commerce sales are set to top £50bn in 2009, even through the recession, The Royal Mail strike has the potential to do significant harm to online retail sales. Of the retailers surveyed by the IMRG, 60% have already made alternative arrangements to by-pass Royal Mail to protect their customers.
The IMRG survey also found that 79% of retailers that offer alternative delivery arrangements plan to absorb the extra costs to minimise the impact on their customers, and 67% are informing online shoppers of potential delays at the time of order.
IMRG suggests that companies:
1) Contact their customers NOW to ask them for email addresses and their permission to use it for communicating with them, at least until the industrial action is over.
2) If there is access to a branch or retail network, set up the facility for customers to collect urgent documents from their nearest one by providing a ‘postcode defined’ alternative delivery address.
3) Consider using companies who can deliver pouches of mail to business addresses without the need to use the Royal Mail network; DX and TNT to name only two
Story link:
http://www.imrg.org/8025741F0065E9B8/(httpPages)/90A4596C7EF05D938025741F00691DAA?OpenDocument
-------------------------------------------------------------------
Home Business Awards 2009 - Open for entries
Now in their third year, the Home Business Awards, run by home business website, Enterprise Nation, aim to reward businesses which have been started and grown from home. The five categories are:
1) Home Business of the Year
2) Home Business Couple of the Year
3) Home Office of the Year
4) Young Home Business Owner of the Year (under age of 35)
5) The 5 to 9 Home Business
The winners will receive prizes which include:
- Prominent profile on the Enterprise Nation site and in a national newspaper
- Thousands of pounds worth of home office supplies and technology
- Brand review with creative agency, Jump To
- A romantic get-away break for the Home Business Couple of the Year!
Entry to the competition is free and open to any home business in the UK.
The closing date is Friday, November 6th.
To enter go to:
http://www.enterprisenation.com/detail/2009_Home_Business_Awards_are_open_for_entry/3040/1.aspx
Analyst: £28,000 - Graduates or those with sector specific post-grad work experience.
Junior Consultant: £43,000 - Consultants with delivery experience in consulting, or with professional qualification or comparable level of competence e.g. ACA, CIPD, etc.
Consultant: £60,000 - Consultants with specific skills and proven delivery experience and some field management responsibility; MBAs entering consulting for the first time.
Senior Consultant/Manager: £68,000 - Fast-track industry candidates and top Business School MBAs joining mid/top tier strategy houses.
Managing Consultant: £85,000 - Consultants with good project leading experience. Sales involvement was claimed by about 60% of the consultants we surveyed at this level.
Principal/Associate Director: £120,000 - Senior rankers at a traditional consultancy or those with large project management/programme management responsibilities.
Five tips on how to develop a great in-house team
Manage expectations from early on is essential to create a functional and happy team that helps you grow the business further. here are 5 tips on how to achieve that:
1) Set clear expectations. Create a simple plan of how the organisation might look in a year or two, and the roles that will be required. Prepare clear and well defined job descriptions and tell your people regularly how they're doing. Avoid generic feedback.
2) First employees can be a challenge later on. Avoid it by showing your plans and how they will fit into it the future. If they exceed expectations promote them, which is far better than trying to clip their wings when they became too pivotal to the business.
3) Keep your employees positive. Allow them to contribute to the bigger picture and give attention to their innovative ideas for improvements to make them feel appreciated and valued.
4) Offer professional development. Ask your people where they want to be in five years and ensure them that you are helping them to get there.
5) Say "thank you." Express your appreciation regularly for their good contributions.
Ten steps to developing your leadership skills
In the business literature there are two camps: one says that leaders are made, not born and the other believes in natural born leaders who have not been de-programmed along the way. Regardless of what camp you belong to, here are ten easy steps you can take to awaken or develop the leader in you....read more....
Record number of tax refund scam emails reported
Record numbers of scam emails, offering fake tax refunds, were reported to the HMRC in recent months, with an unprecedented 10,000 reports of the fraud on one day alone in October. The scam email tells the recipient they are due a tax refund and then asks for bank account or credit card details. Anyone who gives these details to the fraudsters risks their bank accounts being emptied and credit cards maxed to their limit. The victim also risks having their personal details sold on to other criminal gangs.
HMRC strongly advises customers to:
- Check www.hmrc.gov.uk/security/index.htm to see if the email you received is listed.
- Forward suspicious emails to HMRC at phishing@hmrc.gsi.gov.uk and then delete it.
- Do not click on websites, links contained in suspicious emails or open attachments.
- If you fall victim of an email scam, report the matter to your bank as soon as possible.
Story link:
http://www.hmrc.gov.uk/security/examples.htm#rebate
------------------------------------------------------
Postal strike will discourage consumers from shopping online for Christmas
While e-commerce sales are set to top £50bn in 2009, even through the recession, The Royal Mail strike has the potential to do significant harm to online retail sales. Of the retailers surveyed by the IMRG, 60% have already made alternative arrangements to by-pass Royal Mail to protect their customers.
The IMRG survey also found that 79% of retailers that offer alternative delivery arrangements plan to absorb the extra costs to minimise the impact on their customers, and 67% are informing online shoppers of potential delays at the time of order.
IMRG suggests that companies:
1) Contact their customers NOW to ask them for email addresses and their permission to use it for communicating with them, at least until the industrial action is over.
2) If there is access to a branch or retail network, set up the facility for customers to collect urgent documents from their nearest one by providing a ‘postcode defined’ alternative delivery address.
3) Consider using companies who can deliver pouches of mail to business addresses without the need to use the Royal Mail network; DX and TNT to name only two
Story link:
http://www.imrg.org/8025741F0065E9B8/(httpPages)/90A4596C7EF05D938025741F00691DAA?OpenDocument
-------------------------------------------------------------------
Home Business Awards 2009 - Open for entries
Now in their third year, the Home Business Awards, run by home business website, Enterprise Nation, aim to reward businesses which have been started and grown from home. The five categories are:
1) Home Business of the Year
2) Home Business Couple of the Year
3) Home Office of the Year
4) Young Home Business Owner of the Year (under age of 35)
5) The 5 to 9 Home Business
The winners will receive prizes which include:
- Prominent profile on the Enterprise Nation site and in a national newspaper
- Thousands of pounds worth of home office supplies and technology
- Brand review with creative agency, Jump To
- A romantic get-away break for the Home Business Couple of the Year!
Entry to the competition is free and open to any home business in the UK.
The closing date is Friday, November 6th.
To enter go to:
http://www.enterprisenation.com/detail/2009_Home_Business_Awards_are_open_for_entry/3040/1.aspx
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Entelliz Weekly Newsletter - Issue 38, 2009
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YOUR RANT...
Why things cost £9.99
I recently read a very interesting article from Wray Herbert with a similar title. In this article Wray agrees that using a £9.99 instead of a £10 price tag is all for psychological reasons, no surprise here. I personally always thought that £9.99 is used to make us believe that the price is actually cheaper than it really is, as our brain focuses on the pound figures, which appear to be lower, and thus “rounds” the price down.
Wray however puts forward a different explanation, first proposed by two University of Florida professors, Chris Janiszewski and Dan Uy. They argued that the real reason for using prices that include pounds and pennies instead of round figures is because of how the brain thinks about value. ...read more...