This is how companies hire elite consultants on-demand @75% less fees

LONDON - April 21, 2016 - PRLog -- Elite Consultants On-Demand
Since more than last 100 years, the fundamental business model of management consulting has not changed. If we break down the cost of a top-tier consulting firms' fees then the figures show that of all the fees charged to the Client, only 20% is for the 'actual consulting services' and 80% is for lion's share bonus of consulting firm partner, heavy fixed costs, unstaffed time costs, expensive downtown offices, high class travels & hotels, etc. As much as 50% or more of a top-tier consulting firm partner's compensation is in the form of bonus which a partner earns only when his revenue quota (ranging from $10 to $100 Million) and the firm's overall revenue quota is fulfilled. Hence, each consulting firm partner works under high pressure to sell as many billable hours to the clients. But the hard work pays off well, very well. Industry insiders say senior partners earn at least $1m-$3m annually (Source: Financial Times) and in many cases more than $5m. The fees of top-tier consulting firm is a top secret but as a condition of bidding for US government consultancy contracts, rates have to be made public online. For instance, it would cost the American taxpayer $164,165 a week to tap the wisdom of one McKinsey engagement manager and three associates with "guidance & support" from other senior leaders. According to Fortune Magazine, some McKinsey staff earn more than the CEOs they consult (Source: Fortune Magazine (http://archive.fortune.com/magazines/fortune/fortune_arch...)).
Now, contrary to above stated model, EliteHeads is based on ON-DEMAND model (like Uber or AirBnB). At EliteHeads, Elite consultants work independently, hence eliminating the fixed costs of unstaffed time, expensive offices, recruiting, learning curve and senior staff retaining costs such as entertainment, relocation, fancy travels, accommodation and other perks. And, the lion's share bonus of a partner is replaced by nominal commission. To give you an example, a project that costs you $4000 ($800 'actual consulting services' + $3200 other charges as explained above) at a top-tier consulting firm, will cost you 75% less, i.e. $1000 ($800 fees of independent consultant + $200 EliteHeads commission). Clients pay lower fees while consultants still earn considerable fees from freelance work of their choice. EliteHeads On Demand model not only reduces costs but also increases efficiency, client satisfaction, consultant's satisfaction, flexibility, streamlines workflow and other advantages as you will read below.

More Freedom, Flexibility and Choices for Independent Consultant
Consultant employees of big firms have been holding their desire for a long time to be able to work more flexibly and have the opportunity to work on projects that they genuinely enjoy while still commanding the fees they deserve. However, elite consultants could only dream of these choices up until recently with the emergence of EliteHeads where these consultants work independently and have more control on their work & life. Happy worker renders better results, creates happy environment and makes the entire working experience pleasant for themselves, colleagues and clients. EliteHeads has been overwhelmed with the applications from former top-tier consultants (from manager to partners); which shows such high interest and trend that only seems to be growing rapidly. Kennedy Research estimates that turnover at all levels in prestigious consulting firms averages 18% to 20% a year. McKinsey alone has 27,000 alumni today, up from 21,000 in 2007; the alumni of the Big Three combined are approaching 50,000. Previously, limited routes for these alumni were to either switch firms or join a strategy role in a large corporation. EliteHeads selection committee considers several factors - education, work experience, background, international experience, aspirations, ethics, values, accomplishments, etc. of the applicants. Evaluations are based on the totality of candidate's background and not any single factor.

Client is the King at EliteHeads
For a long time, clients desired to have more control and value in the consulting process but clients were discouraged to get 'too involved' in the projects as the clients couldn't comprehend the complex consulting frameworks and jargons. Rather than creating complexity, EliteHeads consultants are driven to solve client's complex problems with simplicity and getting a good grip on project challenges while still giving the control on the project to the client by keeping clients fully informed throughout project execution process.

Synergistic Solutions, Global, Diverse, Innovative
Procuring diverse yet interdependent professional solutions from multiple vendors has traditionally cost companies far more money than what they should pay and far more time than what they should spend in vendor relations management. Specialist firms may have a single focus on the type of service they provide, however that doesn't guarantee quality, efficiency and economic benefits for the client. On the contrary, specialist firms tend to charge higher price and are less flexible by the very nature of their business.
By finding interdisciplinary consulting in strategy (management), finance, innovation and patents at EliteHeads, clients not only save time & money but also get a unique mix of talent and strengths in solving interdependent problems (such as M&A, due diligence, strategic planning, product launch, market entry, R&D strategy, etc.) most efficiently. EliteHeads deploys a mix of elite management consultants, scientists, engineers, technologists, attorneys, CFA and fund managers who often collaborate on projects that require multi-disciplinary skills & experience. By spanning functions, industries, regions, cultures and human values, EliteHeads consultants solve problems arising at these intersections and in the process led to the creation of a community that is unparalleled. And the story doesn't end here as EliteHeads is constantly innovating & improving, e.g. the recent launch of 'collaboration on-demand' model through which companies can find distributors, suppliers, investors, run open innovation and create new inventions through crowdsourcing, and hundreds of other applications. I'll leave you with these thoughts to imagine infinite possibilities when 'world's best minds work on-demand'.