Management consultancies

In his article, ‘Management Consulting firms: staff retention is a key challenge’, published in March 2025, Chris Sale of Prism Executive Recruitment talks of the “looming staff retention crisis.” The most recent attrition data for the management consulting industry is from 2023, which puts employee turnover at 12%. It’s an improvement on 2021 figures and falls into the ‘good’ category. Still, with the Financial Times predicting a turnaround, with ‘hiring back on’, your top talent is going to have more options. What does this mean for client retention? Read on to explore the link between employee and talent retention in your management consultancy.