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Moon Kil Woong » Comments » ACN

  • Unemployment Abounds - But Not for IT and Management Consultants [View article]
    IT and the computer industry as well as pharmecutical and health care are vital to a real recovery because they represent the high end of the food chain and generally require not only a high salary but technical expertise and college training.

    I have stated many times that you can distinguish a false bottom vs. a real recovery by focusing on the tech sector. If the tech sector doesn't improve don't expect a real recovery. I think the author is of the same mind.

    As for accenture and consultants. I tend to lop them into bankers and financial engineering miracle workers. I don't see a major recovery there and if we are waiting them to soak up the millions of lost jobs we will be waiting a lifetime. They tend to prefer to pay themselves millions more per head than hire anyone else. Apparently that is the type of business model they push and one reason why the businesses they consult for are firing peope in droves.

    One consulting friend of mine tells me he thinks 85% of the employees are useless and if you can identify the 15% that are productive, give them 1 staffer to help them you can fire the other 70% and more than double your profitability. He is a great believer in 6 Sigma. Go figure.
    May 09 01:18 am |Rating: +5 -1 |Link to Comment
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