Case Study

Market Insight and Benchmarking

Our Client

  • Project management consultancy
  • £2.9m revenue
  • 15 employees

Challenge

  • 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.

Success

  • 4 external candidates recruited into management grade roles within a nine-month period.

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