I’m less than two years away from hitting my 40th birthday. It’s a big one, that, and presents challenges that – for all our sakes – I won’t over-share.
But 40 is a big number for recruiters, too. When it comes up, it tends to cause problems. It seems a headcount of 40 is when a firm’s sparkle begins to fade. It’s when the firm’s brightest and best start looking for somewhere else to ply their trade.
I’m not the only one to notice this phenomenon. Deloitte research shows that staff churn rates increase sharply as fee incomes rise