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BENEFITS SURVEY OF MANAGEMENT CONSULTING FIRMS

Vencon Research International’s annual survey of non-cash benefits provides benchmark data on the type, value and range of optional and discretionary benefits offered by the major international and national management consulting firms across numerous markets throughout the World.
 
REPORT CONTENT
The Benefits Survey includes detail of non-cash compensation for typically up to twelve firms in the relevant country. Whilst the comparator group can be further sub-divided into ‘Strategy’ and ‘Operations’ firms, this is less significant in the Benefits study, where firms may be more interested in the range, content and structure of the total package being offered across the whole consulting sector, rather than just by direct competitors.
The Benefits Survey examines the non-cash compensation for all professional staff levels up to (but not including) the Partner/VP group, and details provision under nine categories, ranging from Insurance and Pension provision down to class of hotel used and ownership of flight miles.
Each report comprises three primary elements:
  • A succinct overview of the statutory benefits required by law within the country against each of the benefit categories under consideration, with cost parameters where appropriate.
  • A cross-comparison of all the firms in the study, indicating both the range and cost of the various benefits, thereby facilitating a first level assessment of the comparative ranking of the participant firms, and of the relative importance of each benefit type in the country in question.
  • A detailed description, per benefit category and sub-category, and per firm, of the level of benefit offered, the qualification for entitlement and the cost where applicable.
  • By including original source data on a line-per-firm rather than aggregating to a normalised distribution curve Vencon Research reports enable clients to undertake their own analysis, perhaps focusing on specific elements of the overall package where they see themselves to be differentiated.
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REPORTS DESIGNED FOR AND BY MANAGEMENT CONSULTANTS
The precise content of the Vencon Benefits Surveys has been developed over time to meet the distinctive requirements of the management consulting sector.  Each report details the benefits package under 9 major categories:
  • Supplementary health insurance, including dental, family and vision cover.
  • Long and short-term sickness and disability insurance
  • Accidental and life insurance programmes    
  • Retirement pension and savings plans    
  • Additional investment and saving programmes    
  • Provision of company sponsored education, e.g. MBA programmes, language training and international secondments
  • Maternity, paternity and sabbatical leave programmes, bereavement leave, number of standard vacation days
  • Other quantifiable benefits including relocation expenses, car plans, provision of laptop computers, PDAs and mobile phones, etc.
  • Provision of ‘soft’ benefits including free or subsidised meals, social events, subsidised health club memberships, class of travel and hotel provision etc

Supplementary data are provided in response to specific issues raised by clients each year.  Currently these include per-firm data on topics such as:
  • Availability of and qualification for part-time positions
  • Provision of child day-care on-site.
  • Availability of company travel discount for private use.
The reports are issued annually, with data collected throughout the first quarter of the year, to enable the reports to be compiled and issued by the end of May each year
   
 
COUNTRIES SURVEYED

Vencon Research International surveys all of the world's major consulting markets.
Responding to the progressive growth of management consulting activity into new and developing markets we now serve clients in some 55 countries, including:

  • North America – USA and Canada
  • Latin America – 6 countries, including Argentina, Brazil and Mexico
  • Western Europe – 16 countries, from Austria to the UK
  • Eastern Europe – 9 countries, including Czech Republic, Russian Federation and the Ukraine
  • Africa & Middle East – Israel, Nigeria, South Africa, Turkey and the UAE
  • Asia-Pacific – 13 countries, from Australia to Thailand

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