Leaders in Consulting Community News #25: The Innovative Talent Retention & Attraction Strategies Driving Teamit’s Rapid Growth

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80% of employees at Teamit are shareholders.

The result?

Drastically reduced attrition, happy employees, and a 40% YoY growth rate.

Read on as we share insights from Teamit CEO and Founder Jussi Heikkila about the innovative strategies his company is leveraging to win and retain talent and drive company growth.

Let’s dive in!

In this newsletter…

1. WATCH (02:55): Why you should make your employees shareholders
2. WATCH (02:57): Teamit wins more talent with this innovative compensation strategy
3. Connect online with consultancy leaders this August!?
4. Catch up on the latest podcast episode
5. Must-read books for leading consultants
6. Upcoming Offline Meetups in London & Munich
7. Join your local WhatsApp group

Read time: 7 minutes

1. WATCH (02:55): Why you should make your employees shareholders ??

Teamit Group implemented a share program where 80% of employees now own shares in the company.?

The result??

Not a single software developer has left in 4 years. (at podcast recording date on Oct. 20th 2023)

This isn’t just about profit. It’s about creating a sense of ownership and commitment.

Check out the clip below to learn more ??

*Interview Date: 20 October 2023

2. WATCH (02:57): Teamit wins more talent with this innovative compensation strategy ??

During the podcast, Jussi Heikkil? shared a key strategy that has significantly boosted Teamit’s employee retention.

It’s called The 50% Invoicing Model, and it works like this:

• Consultants earn 50% of their invoicing as their salary
• This balances fixed salaries and the flexibility of freelancing
• And attracts top-tier talent by offering competitive compensation

The results:

? Increased interest from high-caliber professionals.

? Improved employee satisfaction and retention.

This is a testament to the power of innovative thinking that flies in the face of traditional ideas.

Check out the clip below to learn more ??

*Interview Date: 20 October 2023

3. Connect online with consultancy leaders this August! ??

Guess what? There’s now a faster, easier way to connect with like-minded consultancy leaders…

Online Meetups!

You can join consultancy leaders from companies like Pixida, Better Decisions Group, EY, and more via a 1-hour Zoom call.

Why join?

• Share challenges and experiences
• Unlock partnership opportunities
• Find other consultancies to collaborate with
• Meet with 5–7 other consultancy leaders

What can you expect?

• Welcome and explanation of the event format
• Participant introductions and sharing of key challenges to draw on the experiences of fellow leaders
• Speed Dating-Style 1-on-1 Sessions, focused on assessing a fit and to arrange follow-up meetings
• Final Wrap-Up and 1-minute exit questionnaire

Duration: 55 mins

Our Online Meetups allow you to meet online with like-minded consultancy leaders for a compact hour of insightful conversations and 1-on-1 networking.

Interested? Click the button to apply and get invited! ??

4. Catch up on the latest podcast episode ??

Daily Networking Strategies: How to Stay Connected and Win Clients - with Rudraksh Bhawalkar

How can you maintain strong client relationships across continents?

In this episode, Rudraksh Bhawalkar, Partner at EY, brings a wealth of experience from across the globe. He shares his journey from India to the US, Africa, and finally to Germany, and reveals how he leverages daily networking strategies to stay connected and win clients. Dive into Rudy's proactive approach to networking in different cultures and his unique relationship management techniques.

5. Must-read books for consultancy leaders ??

Not sure what to read next?

Check out these business book recommendations from Christian Romer Vingtoft, Senior Partner and Head of Energy and Climate at Implement Consulting Group.

1. Rebel Leadership by Luis Urdaneta
2. Be More Pirate by Sam Conniff Allende
3. Getting To Yes by Roger Fisher and William L. Ury

6. Upcoming in-person meetups in London & Munich ??

Apply now to attend future meetups in London & Munich! ??

???? Upcoming Meetups in London:

• 22nd of August, 2024 | Register here
• 19th of September, 2024 | Register here

???? Upcoming Meetups in Munich:

• 12th of September, 2024 | Register here
• 10th of October, 2024 | Register here

8. Did you join our local WhatsApp groups yet? ??

Want to stay up to date with upcoming events and connect with consultancy leaders in your local area? We now have exclusive WhatsApp groups for Partner-level consultants in Munich and London!

Existing members include e.g.:

• Head of Consulting at Zülhke Group
• SVP of Siemens Advanta Consulting
• Partner at H&Z Management Consulting

And many more.

Want to be added to your local group? Click the button below ??

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