Home > Articles > The Consultant Score Card

The Consultant Score Card

A recent post on Mark Lee’s Blog, titled “Fees, fees, fees” brought up an interesting point about the focus on consulting firms focus on the holy grail of billable hours:

http://bookmarklee.wordpress.com/2006/10/17/78/

I recently heard of a company that uses a very ingenious method for rewarding its consultants for finishing a project. Typically, a consulting firm will focus on the number of dollars earned with professional services. A consultant would be given a bonus if they recorded an exceptional number of hours ($$$).

This firm used a customer-centric method for rating their service. Instead, they would give the customer a score card and ask them to rate the service and benefits of the project. The consultants would then get a bonus based upon the results from the score card. The customer would set the bonus – not the billable hours.

I like this approach because it creates an environment where the consultants focus on customer satisfaction – not just raking in the billable hours. Some consultants see a customer as a short-term opportunity to earn revenue. A score card approach shifts the focus towards creating long term, reoccurring customers. In the long run, this approach is far more beneficial for both the consultant and customer.

Advertisements
Categories: Articles
  1. bookmarklee
    October 29, 2006 at 9:31 am

    Thanks for sharing this unique idea and for adding your comment to my blog. I wonder what sort of professional firms would be brave enough to try this; it certainly has merit.

    Mark

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: