- Boston Consulting Team gave its consultants 180,000 Marriott benefits factors as a specific bonus.
- Consultants’ careers usually require a great deal of touring, and racking up travel rewards is a big perk.
- Consulting corporations haven’t jumped on the bonus wave overtaking Wall Avenue and Big Regulation.
- See extra tales on Insider’s small business webpage.
One particular consulting business is hopping into the spring reward bonanza and featuring a unique reward to consultants who have been caught at household for considerably of the earlier year.
Boston Consulting Group (BCG) a short while ago gave its consultants 180,000 Marriott factors, Insider has learned.
Hotel loyalty plans reward regular travelers with factors and perks to incentivize them to go on remaining a unique resort chain. The points can then be redeemed for free of charge lodge stays, upgraded travel deals, and other experiences.
Currently, 180,000 factors could get you two nights at the luxurious St. Regis resort in Bora Bora, wherever villas are all over $1,800 per night.
In standard situations, substantial-flying consultants at best companies are on the road regularly assembly with clientele. Racking up journey rewards at hotel chains and airlines is viewed as one particular of the gig’s top benefits.
But extra than a year into the pandemic, several consultants have had to adjust to a new standard that involves no vacation, no confront-to-facial area interactions with purchasers, and the expectation for some of 100-hour workweeks.
As a outcome, quite a few are burning out and quitting their work, which occur with a 6-figure wage ideal out of higher education or business enterprise school.
As a total, the consulting planet hasn’t rushed to participate in the benefits and bonus wave rippling via most Wall Road banking institutions, fiscal companies, and Major Law corporations, exactly where younger talent is being showered with tens of thousands of dollars in bonuses, all-expenditure-paid holidays, and Peloton bikes.
PwC, a significant accounting agency that also has a consulting enterprise, is providing its workforce $250 every single time they acquire a consecutive 7 days off, up to four occasions or $1,000, firm spokesperson Laura Dally advised Insider. This reward “strengthened our motivation to our people’s very well-getting and acknowledges the worth of disconnecting,” Dally said.
The firm is also awarding all US team a person 7 days of added pay back as a exclusive “thank you” reward on top of its current bonus framework, according to Dally.
The two other firms that along with BGC make up the Big 3 consultancies— McKinsey and Bain — did not react to requests for comment from Insider about whether they were being gifting consultants with travel rewards or other bonuses.
A representative for Deloitte reported the firm hasn’t supplied journey bonuses to associates, and representatives for KPMG and EY — other major accounting firms with consulting organizations — did not reply to requests for comment.
As of early April, some consulting corporations mentioned they ended up including positive aspects such as free of charge or discounted therapy and reducing conference moments, Insider formerly documented.
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