Salaries and benefits
The consulting industry is renowned for its good working conditions and highly competitive salary packages. Over the past few years, several studies have shown that consultancy can be very rewarding, particularly in the case of consultants active in the top of the sector.
The differences in the employment conditions between consulting firms can be substantial, however, with some firms paying their consultants significantly more than other firms in the industry. The nature and structure of salaries can vary too – some firms focus heavily on billable hours and other hard (financial) KPI’s, while other firms may put more emphasis on softer factors in their performance management approach. Moreover, a job in consultancy is not only about salaries and primary financial gains, but also entails a wealth of secondary benefits.
The ‘Salaries and benefits’ chapter offers professionals in the consulting industry as well as those considering a job in the sector an overview of the most important factors in the area of compensation & benefits. The first section of the chapter sheds light on the salaries paid by consultancy firms in South Africa across levels and functional areas.
The section ‘Secondary benefits' presents an overview of the different secondary conditions that consulting firms offer their consultants, varying from bonuses to development
A (leased) company car, in many cases, is included as a standard employment condition in consulting. The ‘Company car’ section provides an overview of the nature of car-leasing schemes that consulting firms offer to consultants spanning all ranks.
