Ghost Jobs and Shrinking Consultant Salaries Spell Trouble for Other Workers

Consultants are increasingly facing 'ghost jobs,' with listings showing no hiring activity hitting a two-year high.
The prevalence of ghost jobs in consulting rose to 31% in the second quarter, up from 26% two years ago.
Frustrated jobseekers report being ghosted during the hiring process, with recruiters ending communication without explanation.
Slower hiring and job cuts are affecting major firms like Accenture, Ernst & Young, and McKinsey.
Salary increases for consultants are projected to decline for the third straight year, with average salary budgets rising just 3.85% next year.

Source: Bloomberg

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