Quote:
Originally Posted by cbee
(Post 25924)
It's a firm which partners companies to design and implement compensation strategies. Of course it also offers the typical performance/talent management bits but I believe compensation is the core offering. This emphasis on compensation strategy is what I'm leveraging on hopefully to further my career in the area of C&B in the future. I'm afraid it's not too convenient to reveal at this point of time hope you'll understand.
There is a significant amount of people previously from Hay/Mercer and other higher tier consulting firms in my firm though so what might be some possible reasons for their shift? Especially since they are also pretty fresh with less than 5 years consulting experience.
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Sure, no probs it ur not comfortable revealing your current company.
I do not know your colleagues personally, so I can't really say why they would want to "downgrade". My experience so far is that some of these people join a big firm and after a few years realise they are not going to be made lead & choose to seek other openings in other consulting firms or try their luck in corporate.
It's hard to say how useful the experience you have is w/o knowing what you are actually doing now, so I will just talk generally. You try & fit it into your context and conclude accordingly.
I know of 3 local small C&B firms in Singapore (I'm sure there are more). One specializes in sales incentives, the other does GLC work and the last one does high tech R&D. Each of these firms have the same problem for someone junior who is hoping to further his career in other consultancies or move in-house.
Their scope is too narrow to properly leverage into a bigger sized C&B role. If you stay there 1 or 2 years to learn something is OK, but once you hang around too long or have ambitions to expand your role the problem happens.
Be it consultancy or in-house most companies will prefer someone who has a wider experience in terms of exposure to different projects, industries and geography. Competition is stiff and it will be a hard sell to future employers if your experience is not well-rounded enough. This is especially important if you intend to move into a corporate role in a MNC.
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