Roughly what is the percetage of the people left because of "Up or Out" policy?
Roughly what is the percetage of the people left because of "Up or Out" policy?
Roughly what is the percetage of the people left because of "Up or Out" policy?
There is no easy or straightforward answer. It is very hard to attribute the actual %, since so many factors would come into play why people leave (note that some leave not because of up-or-out) or why firms let people go.
Even for a single factor, it can play in different ways. Take overall economy in the specific country/region for example - when economy is bad, firms might be more stringent and let go of more people; but when economy is good, that could mean there a lot more external opportunities opening up and more people would voluntarily leave the firm.
Best,
Emily
Hi there,
Actually this policy depends on the country and on consulting company.
As far as I know in Italy, but I think in many other EU countries such as Germany, France and Spain is as follow:
For further clarification do not hesitate to contact me in private
Hi,
It really depends on the economy cycle, role, office, etc
Best
Hello!
Not agree, this totally depends on factors such as tenure and location. On top, also the economic cycle (growth vs. contration or uncertainity) is very determinant, as well as the industry in which the person is specialized -if at all-.
Cheers,
Clara
Hi Anonymous,
Even though in detail the reason for leaving is not always that clear, the number you are looking for is around 15-20% for McK in Central European offices.
Why is it not always that clear? If it doesn't work out as expected for any given person, chances are high it's just not the perfect fit from both sides, so many consultants also leave because they want as a consequence of their lacking performance which in turn gives a comparably low job satisfaction.
Hope that helps!
Robert
This is indeed very specific to the region, firm, and office, but ballpark 15-20% of people are rated as underperforming. It is difficult to say how many are forced out as there is a very natural flow of people leaving. It also seems that a lot of MBA joiners have the goal to stay for two years and then move on.
Hello,
It strongly depends on the office, but even in McKinsey (the most challenging from this point of view) is not more than 10%.
Best,
Luca
Hi,
it depends on the firm, on the office, on the role, and on the period. An order of magnitude can be 10% every year
Best,
Antonello