Ongoing acquisitions give little reason for senior consultants and consultants to stay
Pros
-yearly raises (7% - 12%) and bonuses ($2k - $3k) are guaranteed -work directly with healthcare providers and you rotate teams to see essentially the entire industry landscape -beautiful San Francisco office. Truly great -young workforce -company is VERY stable and growing. No doubt whatsoever about profitability. -working here is great and easygoing while still being challenging on a daily basis
Cons
-we are currently in the portfolio of private equity firm. Take that as you will. No exit strategy has been communicated to the employees. -after recent mergers and acquisitions (and there will be more as well), our benefits became weaker as a result. Health insurance is more expensive and covers less, dental plan barely covers anything, accrued PTO has to be used for sick days, 401k is weak, etc. Additionally, all consultants and senior consultants have been working more hours to compensate for people leaving the firm after these mergers and acquisitions, so the salary by the hour is much lower than it used to be -salary is alright, but is most definitely not competitive. From observation, almost all consultants and senior consultants leave the firm for the sole reason of wanting higher pay and better benefits. A lot of people that leave actually really like working here, and they truly would have loved to stay, but they wanted a higher salary that can only be attained from elsewhere. -Management and higher-ups are oftentimes very disconnected from the teams. On numerous occasions, I've had management that I directly report to forget that I'm a senior consultant, and also I've been unknowingly left off of meeting invitations -most people's job functions have not changed too much from pre- to post-acquisition of their legacy firm. However, there is a severe lack of transparency about future strategy or even the current state of this seemingly amorphous company