Market Insight and Benchmarking
- Project management consultancy
- £2.9m revenue
- 15 employees
- Legacy salary structure not fit for purpose for mid and senior-level external hires.
- Recognised need to effectively benchmark remuneration against other consulting firms.
- High attrition amongst mid-career consultants, particularly those joining from other consultancies.
The New Minds Solution
- A comprehensive benchmarking report providing market insight and benchmark data about salaries, bonuses, benefits package and grade structure, plus recommendations for change.
- Recalibration of salaries and introduction of a new grade to attract and retain candidates at manager level.
- 4 external candidates recruited into management grade roles within a nine-month period.