Tata companies appoint consultancy majors to reduce carbon footprint

by Editor 5/8/2009 4:06:00 PM

The Tata group companies have launched a campaign to cut down their greenhouse gas emissions and appointed consulting giants McKinsey and Ernst & Young to help Tata’s top five polluting companies – Tata Motors, Tata Steel, Tata Chemicals, Tata Power and Tata Consultancy Services- reduce their carbon footprint. The five companies in question contribute 80 percent of the group’s overall carbon emissions.

The group has formed a special committee, with Irani at the helm, to steer the group’s green efforts and find ways for its member companies – about a hundred of them – to reduce emissions over a period of time.

Tata Sons director J J Irani said: “I must admit that we've been rather slow in catching up with the requirement of becoming a low-carbon economy. The Tatas are planning to play some role in understanding how we could reduce our emissions so that we can leave a better world for our children and grandchildren.”


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Management Consultancy Recruitment Channel Report 2009

by Editor 4/20/2009 4:46:00 PM
Top-Consultant.com has released the 2009 Management Consultancy Recruitment Channel Report. In its eighth year, the study aims to help consultancy recruiters and job candidates improve their odds in the job market in the challenging economic climate.

The Management Consultancy Recruitment Channel Report consists of two surveys: a survey of 877 management consulting job candidates from all the major consulting firms, including Accenture, Capgemini, PA Consulting, Deloitte, Ernst & Young, KPMG, PwC, EDS, IBM, Microsoft, Oracle and SAP, and a survey of 142 recruiters working in the consulting industry.

The report covers such areas as recruitment trends and budgets in the downturn, recruiters’ expectations, industry sectors expected to generate most recruitment activity within consulting, functional areas of consulting expected to be most active this year, most likely source of hires, retention rates in 2009, most frequent reasons why people leave consulting and most popular jobs they move on to, recruitment channels, candidate attraction, most popular recruitment channels, past, present and future trends in candidate application behaviour, candidate intentions, and most popular individual recruitment consultants, recruitment agencies and internet job site suppliers.

The Recruitment Channel Report, available at Top-Consultant.com, is sponsored by Mindbench.  

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Innovation Value Institute announces launch of IT Capability Maturity Framework

by Editor 2/12/2009 2:09:00 PM
IT consulting jobs
The Innovation Value Institute (IVI) has announced the launch of the IT Capability Maturity Framework (IT-CMF).

The IT-CMF provides a concise management roadmap to optimize business value derived from IT investments. This unique framework has been proven to deliver greater business value from IT while reducing the complexity of IT choices for CIOs.

IVI is a consortium of leading industry, consulting, not-for-profit, and academic organizations that has been quietly developing and testing new ways to more firmly align IT investments with business results. Originally formed through a strong link between NUI Maynooth and Intel, the consortium's more than 30 members are among the world's leading companies such as The Boston Consulting Group, Microsoft, Chevron, SAP, Northrop Grumman, British Petroleum (BP), and Ernst & Young.

"This unique consortium brings together companies to solve structural problems in the IT industry and profession by sharing their collective knowledge," says Diane Bryant, CIO, Intel. The main issue CIOs face in today's recessionary climate is trying to derive greater demonstrable business value from IT spend amid tight IT budgets. While today's stark economic outlook makes optimizing IT's value a top priority, there currently is no integrated, standardized framework for making and evaluating investment decisions strategically from a holistic perspective at the corporate level.

The IT-CMF addresses this fundamental problem by providing an end-to-end integrated framework to help the CIO manage the complexities and tradeoffs required to continuously evolve the IT capability in an organization while delivering measurable value. The IT-CMF enhances the CIO's role at the boardroom level by transforming IT's delivered results into tangible value that is understood and agreed upon by both business and IT.

"IT must establish credibility before it takes a leadership position at the boardroom level," said Martin Curley, Professor of Technology and Business at NUI Maynooth and Global Director IT Innovation at Intel. "Companies typically invest one to five percent of revenue in IT, but without a way to measure and maximize the return from these investments, their IT organizations cannot move from cost centers to value centers."

For the first time, the IT-CMF provides an integrated roadmap that:

* Leverages the power of existing best practices

* Open Innovation: is being developed by a diverse consortium of academic and business leaders

* Is being tested in the real world at every stage of development

* An actionable approach that helps IT design, deliver and manage for business value

"I can't emphasize enough the value of the IT-CMF and how it can enable an IT organization to have intelligent, data-driven discussions with leadership and help solidify future plans," said Louie Ehrlich, CIO, Chevron.

The IT-CMF consists of a five-stage maturity model used to organize and structure a framework for mapping IT improvement efforts. The holistic approach of the IT-CMF is reflected by its four foundational macro processes:

1. Managing IT like a Business -- shifting the focus from technology and production to a focus on customers and services

2. Managing the IT Budget -- investing in innovative IT solutions that deliver better value and performance

3. Managing the IT Capability -- managing IT assets throughout the value chain and developing core competencies

4. Managing IT for Business Value -- linking IT investments to overall business benefits

In total, the IT-CMF identifies 36 core processes and categorizes them under these four dimensions to cover all activities in an IT department. An assessment of an IT organization's maturity across these 36 processes, together with comparisons to industry benchmarks and best practices, will highlight the company's key maturity gaps and value-creation opportunities. Using this overall framework, CIOs can help their department's transition from being perceived as a utility or technology supplier to a core competency of the firm that delivers and demonstrates optimized value from investments.

"I firmly believe that IVI is the most promising initiative in the IT world and will provide an industry standard to manage IT for business value," said Ralf Dreischmeier, Partner and Managing Director, The Boston Consulting Group. "BCG is excited to be part of the consortium and to help lead the IVI efforts."

Prof. John Hughes, President of NUI Maynooth, added, "The IT-CMF stands apart from all other proposed solutions because of its development by such a diverse consortium of the world's leading organizations. At every stage of development, the IT-CMF was tested in the real world with one of IVI's partners."

A number of core processes have now been tested by leading organizations including BP, Chevron, SAP, Northrop Grumman and Intel. Each participating organization has reported significant benefits in the optimization of IT and the overall business.

For more information, please visit: http://ivi.nuim.ie/ITCMF/news.

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Wipro names Kirk Strawser new global head of the consulting division

by Editor 12/23/2008 11:00:00 AM
Indian IT services company Wipro Technologies has appointed Kirk Strawser as global head of the company's Consulting Services division.

Strawser was previously Americas leader of CRM at Ernst & Young, global leader of CRM at Capgemini, and president of consulting services at Capgemini Americas.

T K Kurien, president of Wipro consulting services, communication and media, global programs, and strategic initiatives, said:

"We have seen a significant increase in demand for our consultancy business recently, especially for our cost optimization and business transformation services. Our customers were asking for higher level advisory services to complement our world-class IT and BPO services. This has helped us set the agenda for strategic cost reduction, capital efficiency, and customer experience in transformation-related programs."

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Ernst & Young named Most Admired Knowledge Enterprise

by Editor 12/12/2008 3:46:00 PM
Ernst & Young has been recognized as a Most Admired Knowledge Enterprise (MAKE) for the eleventh consecutive year and was ranked first in the category, ‘Creating a learning organization’.

"Our globally consistent knowledge infrastructure and commitment to providing easy and common access to critical knowledge, resources and tools has always been a key differentiator for Ernst & Young. We are very pleased to continue to be recognized for this," says Mala Garg, Ernst & Young's Chief Communications and Knowledge Officer.

"This year, we've made significant strides in evolving our knowledge collection, processes and systems to continue to support and market-enable our people. By concentrating on the quality, depth and global reach of our knowledge resources, our people are able to provide key insights and points of view on matters of critical importance to our clients and other stakeholders. And, we are delighted to be among the top of global organizations successfully leveraging knowledge to make a difference around the globe."

Started in 1998, the annual MAKE survey is now the leading benchmark for the world’s best knowledge-based organizations. Each year, the survey identifies organizations that stand above the crowd in the knowledge economy. Ernst & Young is one of the few organizations to have been awarded every year since 1998, and in 2000 Ernst & Young was inducted into the MAKE Hall of Fame.

About the MAKE Research Program

Teleos, an independent knowledge management and intellectual capital research firm, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network is a web-based global community of organizations dedicated to achieving superior performance through benchmarking, networking and best practice knowledge sharing. The MAKE research program consists of the annual Global MAKE study – the international benchmark for best practice knowledge organizations – and regional/national studies, including Asia, Europe, India, Indonesia, Japan and North America.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential.

For more information, please visit http://www.ey.com.

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Ernst & Young survey: no real economic upswing until 2010

by Editor 11/12/2008 1:55:00 PM
Among CEOs of Russell 2000(R) companies, 52% expect no real economic upswing until 2010, according to respondents to a new survey by Ernst & Young LLP. However, 62% had not yet experienced a slowdown in growth or revenues by October 19 (well after the first attempt to pass the bailout bill).

Despite the economic uncertainty, 12-month plans are relatively positive for the responding high-growth companies. Among them, 75% expect to increase employees and 86% expect revenues to increase.

"Right now, these CEOs are an optimistic group," said Maria Pinelli, Americas Director, Strategic Growth Markets, Ernst & Young LLP. "They have faith in their own companies and the US market. Their confidence will serve as the growth engine to revitalize the economy."

Through September and mid-October, respondents cited the credit crunch (61%) and market volatility (54%) as having the largest effect on corporate growth. Infrastructure challenges -- people, processes and technology -- took a backseat (43%) to these external market drivers. Recent market turmoil has decreased respondents' access to capital, whether it be credit or from private equity (33%). Respondents are also tightening expenses (54%), while another 29% declared that the market's volatility delayed a merger or acquisition.

"Right now, CEOs are looking for US economic stability to drive growth," said Pinelli. "However, over the next year, leaders of high-growth companies are looking to mergers and acquisitions for opportunities."

According to the survey, 64% of respondents expect to acquire a company in the next 12 months, 17% are planning a merger and 51% anticipate a strategic alliance. Only seven percent expect to sell the company. Also, 49% of respondents feel that mergers and acquisitions will be their most likely source of growth in the next 12 months, followed by new product launches (42%). That doesn't mean new products will wait for corporate deals, however. In fact, 71% of those surveyed anticipate rolling out a new product or service in the next 12 months.

In the next six months, however, US economic stability reigns as the key determinant of growth (cited by 54% of respondents), followed by access to capital and new product launches at 40% each. In fact, M&A ranks lower than innovation for short-term growth factors.

The Global Frontier

Over half of the Russell 2000 companies surveyed (52%) see the most opportunity for growth within the US market, followed by Europe (13%), South America (11%) and China (9%). Three-quarters of respondents generate at least some revenue outside of the US.

Most competitive pressure (79%) comes from domestic businesses. If they have seen increased competition from foreign companies, it has come primarily from Europe (71%) and China (34%). Over the past year, almost half (46%) of respondents have seen increased interest in their business from foreign investors. With that in mind, the majority (72%) are taking steps toward increasing their current understanding of International Financial Reporting Standards (IFRS), though only 23% see the adoption as helping their company compete globally.

Respondents ranked the top five barriers to the US competing globally as: the regulatory environment (48%), the global credit crunch (47%), the US tax code (39%), rising energy costs (31%) and the weak US dollar (29%). Forty-three percent were unsure whether the incoming President will have a significant positive effect on the US economy.

Corporate Responsibility

Russell 2000 companies make significant contributions to the economy and society. According to the survey, 48% had annual budgets from $100K or more dedicated to charity. In addition, 38% consider climate change important or somewhat important to their company, and 67% say executives and boards understand climate change risk and legislation, though most find it hard to quantify.

About the survey

This survey was completed by CEOs or other high level executives of Russell 2000(R) companies from September 9 to October 16, 2008. Seventy-one companies completed the survey, representing various industries. The survey responses were weighted by industry to mirror the industry distribution in the current Russell 2000 index.

About Ernst & Young's Strategic Growth Markets Group

Ernst & Young's Strategic Growth Markets (SGM) practice guides leading high-growth companies. Our multi-disciplinary team of elite professionals provides perspective and advice to help our clients accelerate market leadership. SGM delivers assurance, tax, transactions and advisory services to thousands of companies spanning all industries. Ernst & Young is the undisputed leader in taking companies public, advising key government agencies on the issues impacting high-growth companies and convening the experts who shape the business climate. For more information, please visit us at www.ey.com/us/strategicgrowthmarkets.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 135,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit http://www.ey.com/.

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PricewaterhouseCoopers, Deloitte, KPMG are top UK graduate employers

by Editor 11/6/2008 4:46:00 PM
Professional services firms PricewaterhouseCoopers (PwC), Deloitte and KPMG have been ranked as the top graduate employers in The Times Graduate Recruitment Awards.

PwC has been voted Employer of the Year for the past five years, matching the record set by IT consulting firm Accenture between 1998 and 2002. PwC is also the top choice for graduates in the accounting sector.

The top 25 firms for graduates are:

1. PricewaterhouseCoopers

2. Deloitte


4. Accenture

5. NHS

6. Civil Service

7. BBC

8. Aldi

9. Teach First

10. Goldman Sachs

11. Ernst & Young

12. HSBC

13. Procter & Gamble

14. GlaxoSmithKline

15. Army

16. Shell

17. Marks & Spencer

18. RBS Group

19. BP

20. Tesco

21. Morgan Stanley

22. J.P. Morgan

23. IBM

24. Google

25. Rolls-Royce

The rest of the Top 100 list can be found here.

The Times Top 100 Graduate Employers is based on a survey of more than 15,000 final-year university students.

Find the latest consulting jobs at ConsultancyRoleFinder.com.

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Ernst & Young: Europeans more open to outsourcing

by Editor 9/1/2008 3:22:00 PM
A new Ernst & Young study, completed last month, shows that 70 percent of European firms use outsourcing. An earlier research on European firms’ openness towards outsourcing, conducted by Gartner, indicated that Europeans had a strong preference for local vendors. The firms’ reluctance is partly caused by the strict labour laws in countries such as France and Germany.

Cost savings are still the main reason for outsourcing and, according to the study authors Thierry Muller and Paul Young, they are not easy to achieve. The authors said:

“In order to achieve an overall reduction in costs, employers must be able to either succesfully reallocate internally those staff whose operations have been externalised, or carry out redundancies. The options available to employers vary according to each country’s legal framework. European countries such as France and Germany have less room for maneuver than countries such as the UK, where labour laws are more liberal.”

The French and Belgians, however, are more open to outsourcing a wide range of roles, while the British tend to outsource only a few standard functions.

Only 49 percent of the respondents named cost savings and better productivity (revenue per employee) as the advantage outsourcing brings to their business. About 33 percent cited better quality through use of specialized skills as the main advantage.

The study further states: “French companies attribute less importance to cost-saving benefits, with improvements in quality and strategic organization being the key advantages identified. Belgian companies are also strong proponents of the improved quality brought by outsourcing while, in the UK, quality considerations are rated on a par with cost savings.”

To browse and apply for the latest IT consulting jobs, please visit our job board.

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The Consultancy Careers Fair 2008 – London, October 9 -10

by Editor 8/26/2008 4:40:00 PM
This year, the Consultancy Careers Fair will take place at the Barbican Exhibition Hall in central London on October 9th and 10th.

Visiting consultants will have the opportunity to meet recruiters from a wide range of consulting firms. The doors will be open to them on Thursday, October 9th (18:30 – 21:00) and Friday, October 10th (09:30 – 16:30).

To attend, book your ticket on the Consultancy Careers Fair website, where you can also find more information about the event. Spaces are limited, so make sure you register your ticket soon.

UK's leading management and IT consulting firms, including some of the world's best known consultancy brands, and a number of boutique firms will be sending their recruiters to the event.

The consulting firms that will exhibit at the 2008 Consultancy Careers Fair include Accenture, Axon, Consulting Point, Convergys, Dell Corporation, Deloitte, Detica, Ernst & Young, Gartner UK, Hitachi Consulting, IBM, Mindbench, Navigant Consulting, PA Consulting, PCubed, PricewaterhouseCooopers LLP, Proudfoot Consulting, Qedis, Tefen Ltd, and many others. More than 45 stands have already been booked and over 2,500 people are expected to attend the event.

The annual Consultancy Careers Fair is organized by career websites Top-Consultant.com and TopITconsultant.co.uk.

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Vault Guide names Top 50 Management and Strategy Consulting Firms

by Editor 8/25/2008 4:30:00 PM
IT consulting jobs,consultant careers
Career website Vault.com has released the new Vault Guide to the Top 50 Management and Strategy Consulting Firms. Consulting giant McKinsey & Company has taken the top spot for the eighth consecutive year.

The Guide is the result of the career site’s yearly Strategy Consulting Survey, which was conducted from February to April this year and included more than 4,000 consultants.

The consultants rated firms on a scale of 1 to 10 based on the firms’ prestige in the consulting sector.

Here are the top 10 consulting firms according to the Vault Guide:

1. McKinsey & Company

2. The Boston Consulting Group

3. Bain & Company

4. Booz & Company

5. Monitor Group

6. Mercer LLC

7. Deloitte

8. Oliver Wyman

9. PricewaterhouseCoopers LLP

10. L.E.K. Consulting

Three Big Four firms – PricewaterhouseCoopers (ranked #9), Ernst & Young (#11) and KPMG (#16) were reintroduced to the Guide. The firms had separated their consulting divisions from their accounting and audit arms at the turn of the century and, since the non-compete agreements between the firms and their spin-off consulting divisions ended in 2007, they have been hard at work rebuilding the divisions. As a result, the consulting services were the fastest growing service lines for all the three giants. Consequently, it made sense to add them to the Guide again.

Vault’s global consulting editor Naomi Newman said:

“Even though a lot of survey respondents are portraying these firms as coming back from the dead, and not yet integral to the strategy consulting market, there's a real sense that they are quickly getting reacquainted with the industry and asserting themselves accordingly. By virtue of them ranking so well in terms of prestige in their first year back gives us a glimpse into how other consultants view these firms and their potential. It will be interesting to watch their strategy and positioning develop in the market over the next few years.”

The Vault Guide also features company guides and quality of life rankings, with companies rated based on compensation, training, work hours, diversity, offices, etc. The Guide can be ordered at Vault.com.

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