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Consulting Services

In an evolving industry, firms are challenged with how to compensate their employees. We deliver cutting-edge reward, performance, and staffing analytics to the leading consulting firms across their consultant, specialist, and support staff populations, positioning our clients to make strategic decisions based on the highest quality and comprehensive data available.

Global Scale, Focused Expertise

Our consulting services industry experts are seasoned human capital and reward consultants, who execute large scale consulting engagements for leading consulting organizations and deeply understand the trends and industry challenges.


45
Participating
Organizations


40+
Business Lines and Divisions Covered


25+
Countries with
Reported Results

We work with the leading accounting, business advisory, technology, and strategy consulting firms. To view past consulting firm participants, please click here.

Comprehensive Compensation Intelligence

We deliver key performance, reward, and staffing data that provide comprehensive insights for your compensation planning and strategic decision making. Data elements collected in our survey program include:

Rewards
  • Base salary
  • Cash bonus
  • Commissions
  • Long-term incentives

Business Metrics
  • Billable hours
  • Bill Rates
  • Total Billings
  • Staffing
  • Performance ratings
Demographics
  • Location
  • Advanced degree
  • Tenure
  • Client industry

To contact us about our full list of reward elements that are included in our reports, please click here.

Coverage of Key Divisions and Functions

Due to the organizational design differences between financial advisory and strategic management consulting firms, we collect and report data using both a functional and industry focus.

The business lines, specialist functions, and support areas include:

Financial Advisory
  • Corporate Finance
  • CFO Advisory
  • Construction Advisory
  • Due Diligence
  • Discovery Services
  • Economic Consulting
  • Forensic Accounting
  • High Net Worth Services
  • M&A Tax Advisory
  • Regulatory Policy
  • Risk Management Advisory
  • Restructuring
  • Structured Finance
  • Sustainability
  • Transfer Pricing
  • Valuation Services

Consulting
  • Human Capital
  • Information Technology
  • Operational Improvement
  • Strategy
Specialists
  • Data Analytics
  • Knowledge
  • Research
  • Technologists

Support
  • Administrative Support
  • Finance
  • Human Resources
  • Information Technology
  • Legal
  • Practice Operations
  • Sales
  • Staffing

To view a sample report of our compensation data by division, please click here.

Superior Analytics

Our cutting edge analytics position our clients to spend more time making strategic decisions and less time manipulating large volumes of information. We provide board-ready reports and dashboards across the following areas:

Aggregate Competitive Summary
  • Aggregate compensation spend
  • Cost to market
  • Quartile distribution
  • Mix of seniority
  • Mix of staff by compensation spend

Performance Rating Differentiation
  • Mix of staff by performance rating
  • Percent salary increases by performance rating
  • Bonus as a percentage of salary by performance rating
Utilization and Productivity
  • Billable hours
  • Compensation spend per billable hour
  • Total Billings
  • Average Bill Rates

Salary Spend Analysis
  • Overall salary budget
  • By level of seniority
  • By business line
  • By geography

To view an illustrative example of our Executive Summary report, please click here. To view an illustrative example of our Performance Rating Analysis, please click here.

Moving Beyond Pay: Market Intelligence and Insights

McLagan’s market practices studies provide clients with the deep industry knowledge and insights needed to maintain a competitive position, drive organizational change, execute long-term business strategies, and drive results. Our Market Practice Studies relevant to consulting services include:

  • Campus Recruitment: We provide competitive intelligence on recruitment, onboarding, and pay practices for recent undergraduate, MBA, and post-graduate hires.
  • HR Policies & Practices: We cover over 100 top consulting, technology, financial services firms, and alternate investment firms. The study includes pay practices, diversity, going green, philanthropy, and parent leave.
  • Sales Incentive Plan Design: We cover both design and key mechanics for plans that help firms attract and retain top sales talent. Components include funding, targets, and timings as well as qualitative metrics.
  • Turnover: We analyze current trends in the market by overall firm, business line, and level of seniority. The study looks at the relationship between turnover and employee performance, compensation, and reasons for leaving.

To learn more about McLagan Market Practice Studies, please click here.

Survey Pricing, Access, and Support

Fees for McLagan compensation surveys vary based on size of firm, geographic footprint, and number of incumbents matched.

Survey purchases include 24/7 access to the McLagan Online client portal. This puts survey results and insights in reach at all times.

All survey clients are assigned a dedicated Relationship Manager to provide benchmarking support during the survey input, position and employee level analysis, and access to webinars and roundtables where clients receive the latest in hot topics in the market and networking opportunities with industry peers. We provide a variety of rewards and compensation advisory solutions to assist clients with their compensation, performance, and talent strategies.