close-knit community, low travel, no weekend work, less political than most other consulting firms
The company is bleeding in talent as more and more find themselves suitable for jobs in the tech industry with better pay and much less headache. With a close-knit culture, departure of revered employees drags down the morale, and prompts more to leave. The firm's failure in trying to fill their spots with new hires becomes a serious burden for remaining employees to "hold their hands" through tough projects - it's a downward spiral from there
Advice to Management
Time to rethink who you're competing against in terms of talent acquisition. Banking and consulting used to be the two most popular entry industries among the top students, and it was a perfect balance with consulting being a bit less pay and a bit less intense. The time has changed now, as both have lost its attraction among the younger generation - with recruiters from tech industries relentlessly targeting your employees, how are you going to convince them to stay?
With a close-knit culture, departure of revered employees drags down the morale, and prompts more to leave.