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New hires at some top consulting firms don't have enough work, The Wall Street Journal reported. MBA grads recruited into top consulting firms often earn sizable six figure salaries. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Those hired into consulting firms out of business school generally take home hefty six figure salaries. The impasse that new hires face comes as consulting firms have laid off swaths of their workforces over the past year.
Persons: grads, , they're, Bain, Lakshmi Organizations: Street Journal, Service, Bain, Boston Consulting Group, McKinsey, Wall Street, Yale, Dartmouth, University of Virginia, — Bain Locations: Wall, Silicon, United States, Lakshmi Varanasi, lvaranasi
In the Group of Seven countries, Bain predicts, older and experienced workers will make up more than quarter of the workforce by 2031. "That's a massive shift," Andrew Schwedel, partner at Bain & Company, told CNBC's "Squawk Box Asia" on Tuesday. What older workers wantIn recent years, countries around the world have been increasing retirement ages — but not without pushback. "That speaks to some of the different things that companies need to do if they're trying to appeal to younger workers versus older workers." How to retain older workersIt is also crucial for companies to design workplace experiences that tap into the motivations of older workers, said Schwedel.
Persons: Bain, Andrew Schwedel, CNBC's, Schwedel Organizations: Bain & Company, Companies Locations: Japan, Europe, U.S, France
WASHINGTON — Whenever his aides are pressed about President Joe Biden’s political future, they’ll often point to one person as the true decider: his wife of 45 years, Jill Biden. Eager to introduce herself to Gina McCarthy, then the president’s chief climate adviser, she gathered some flowers from a White House garden and brought them to her office, according to White House aides. When the realization of her new security restrictions sunk in, Jill Biden told her staff she didn’t want to become isolated. Journeys outside the protective cocoon of the White House expose her to the vitriol coursing through the nation’s politics. “I don’t pay attention because I just don’t want to hear it,” Jill Biden said.
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