article thumbnail

Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. People who market themselves as independent professionals and operate as small businesses can charge more than those who work as subcontractors.

article thumbnail

All Management Is Change Management

Harvard Business

Change management is having its moment. But many of these indicate that change management is some occult subspecialty of management, something that’s distinct from “managing” itself. This is curious given that, when you think about it, all management is the management of change.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Figure Out Your Consulting Bill Rate

Successful Independent Consulting

Field of expertise — Consultants who can diagnose problems and create sound strategies and actionable plans can charge more than those who focus on more tactical work like project management. As a general rule, the more strategic — or frankly, the more mysterious — the work is perceived to be by the client, the more they are willing to pay.

article thumbnail

Towers Watson Consulting Interviews and Culture

Management Consulted

Watson & Sons became the prime advisor to the British government on social insurance programs. The practice areas at Towers Watson reflect the operational nature of consulting projects at the firm: Communication and Change Management. Corporate Risk Management and Risk Financing. In the mid-1990s, R.

article thumbnail

What is the Professional Services Industry All About?

Progressus

A client will now pay for the overall gains such as tax savings, ROIs, insurance claims, and so on. We also offer change management courses for user adoption. This shift from a time-driven to a value-driven model allows professional services firms to get more clients and increase their profitability. Interested in learning more?

article thumbnail

What Spinning Off a GE Business Taught Me About Managing Ultra-Fast Change

Harvard Business

Change management can be a test for any organization. Several studies by Towers Watson show that just 25% of change management initiatives are successful over the long term. Change management certainly tested us. Would our health insurance programs include their doctors and hospitals?

article thumbnail

How Companies Are Benefiting from “Lite” Artificial Intelligence

Harvard Business

These include improving data-mining operations, helping with training, and making structured, repeatable tasks and processes far more efficient and less costly. Enter ABIe (shorthand for the Allstate Business Insurance Expert), which my firm helped develop. The cost of simply expanding the call centers was prohibitive.

Company 28