NetSuite Magazine

NetSuite Magazine (July 2014) - Reimagining Professional Services Post-Recession

by Brian Sommer

 

San Mateo, CA -- (ReleaseWire) -- 07/29/2014 -- If you close your eyes for a moment, can you remember what your services world looked like in late 2008 and early 2009? It was a pretty dark space. Clients abruptly halted projects or drastically cut back spending on consultants. Your firm, if typical, probably canceled training, scaled back recruiting, froze wages, and made other moves to survive.

Today, the professional services world is changing once again in the recovering post-recession economy. But don’t make the mistake of assuming that this economy is picking up right where the economy of 2008 left off. It’s very different.

Service organizations now are seeing consultants who are more empowered and hungry to make up for lost time. The best and brightest in your firm want everything they've missed these last six or so years. They don’t want to just restart their stalled careers— they want to get them to a point they would have been had the recession not occurred. They want to catch up on missed skills development and training. They want large salary increases and missed promotions. And if they don’t get them from your firm, they will, to paraphrase Dear Abby, “seek true love elsewhere.”

To read more visit: NetSuite Magazine (July 2014) - Reimagining Professional Services"

Download the NetSuite Magazine App on iTunes: Click Here

This content is distributed by iMirus, a technology and content partner of NetSuite Magazine. All content associated with this article is the exclusive ownership of NetSuite Magazine - ©2014 NetSuite Magazine All Rights Reserved.