Culture is the glue that binds a firm together and it's the hardest thing for competitors to copy. It plays an essential role in the performance of any business, and as an industry, consulting is highly dependent on the values and loyalty of individuals. Consulting firms rely on the culture and morale within their organizations more than most.
Statistics have shown that a company's culture has a direct impact on employee turnover and a Columbia University study indicated that the likelihood of job turnover at an organization with rich company culture is a mere 13.9 percent, whereas the probability of job turnover in poor company cultures is 48.4 percent.
To continue reading, become an ALM digital reader
Benefits include:
- Authoritative and broad coverage of the business of consulting
- Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
- An informative newsletter that goes into the trends shaping the industry
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
