FACTOID # 26: Delaware is the latchkey kid capital of America, with 71.8% of households having both parents in the labor force.
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
   
 
WHAT'S NEW
RELATED ARTICLES
People who viewed "Consulting" also viewed:
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Consulting

A consultant (from the Latin consultare means "to discuss" from which we also derive words such as consul and counsel) is a professional who provides advice in a particular area of expertise such as accountancy, the environment, technology, law, human resources, marketing, medicine, finance, public affairs, communication, engineering or waste management. Consultant may refer to one of the following: Consultant, the practice of professional advice Consultant (medicine), the United Kingdom counterpart to an Attending physician in the United States Consultation, the 1835 Texas meeting of colonists on a proposed rebellion against the Republic of Mexico Consultation (doctor), a formal meeting with... Latin was the language originally spoken in the region around Rome called Latium. ... A professional can be either a person in a profession (certain types of skilled work requiring formal training / education) or in sports (a sportsman / sportwoman doing sports for payment). ... Accountancy (profession) or accounting (methodology) is the measurement, disclosure or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. ... By the mid 20th century humans had achieved a mastery of technology sufficient to leave the surface of the Earth for the first time and explore space. ... Lady Justice or Justitia is a personification of the moral force that underlies the legal system (particularly in Western art). ... Human resources is term which in many organizations describes the combination of traditionaly administrative personnel functions with performance management, employee relations, and resource planning. ... “Next big thing” redirects here. ... Medicine is the science and art of maintaining andor restoring human health through the study, diagnosis, and treatment of patients. ... This article does not cite any references or sources. ... Public affairs is a catch-all term that includes public policy as well as public administration, both of which are closely related to and draw upon the fields of political science as well as economics. ... Communication is a process that allows beings - in particular humans - to exchange information by several methods. ... Engineering is the applied science of acquiring and applying knowledge to design, analysis, and/or construction of works for practical purposes. ... Wikimedia Commons has media related to: Waste For the company, see Waste Management, Inc. ...


The main difference between a consultant and a 'normal' expert is that the consultant is not himself employed with his client, but instead is in business for himself or for a consultancy firm, usually with multiple and changing clients. Thus, his clients have access to deeper levels of expertise than would be feasible for them to retain in-house, especially if the speciality is needed comparatively rarely. It is generally accepted good corporate governance to hire consultants as a check to the Principal-Agent problem. For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... In economics, the principal-agent problem treats the difficulties that arise under conditions of incomplete and asymmetric information when a principal hires an agent. ...


A consultant is also the term used to denote the most senior medical position in the United Kingdom (e.g., a consultant surgeon). “Surgeon” redirects here. ...

Contents

Ways in which consultants work

Often a consultant provides expertise to clients who require a particular type of knowledge or service for a specific period of time, thus providing an economy to the client. In other situations, companies implementing a major project may need additional experienced staff to assist with increased work during that period.


More recently the term is also used euphemistically for temporary staff. That resource is only temporarily employed by a company to augment the company's core set of employees without providing any unique expertise. This usually indicates that the consultant could be expended when demand for that particular skill diminishes, though this expendability is sometimes recompensed with higher pay.[citation needed] The consultant is usually employed through a limited company which they themselves own, or through an umbrella company. Consulting has come under some criticism because of staff augmentation and the high amount of jargon consultants use, also known as consultantese. Euphemism is the substitution of an agreeable or inoffensive expression for one that may offend or suggest something unpleasant to the listener; or in the case of doublespeak, to make it less troublesome for the speaker. ... A permatemp is an employee whose status is somewhere between a temporary employee and a permanent employee. ... It has been suggested that this article or section be merged into Limited liability company. ... In the United Kingdom, an umbrella company is a company that contractors can use when working freelance or self employed. Both recruitment agencies and direct clients usually require a legal form of trading to be used to ensure they are not exposed to tax and employment liabilities. ...


Sometimes a consultant is not an independent agent but is a partner or an employee of a consultancy, that is a company that provides consultants to clients on a larger scale or in multiple, though usually related, skill areas. This has advantages both to the client and to the consultant by:

  • Providing a pool of talent that can be quickly mobilized as required
  • Reassuring the client about the quality of the consultants supplied
  • Giving the client access to the experience and methodologies of the whole consultancy rather than an individual
  • Introducing the consultant to new experiences and techniques which may, eventually, permeate through the consultancy as a whole

A consultant giving career advice and training to an individual or a team is often termed a coach, and a consultant assisting an organization to develop a new strategy or solve a particular problem is sometimes referred to as a facilitator. A coach is a person who supports people (clients) to achieve their goals, with goal setting, encouragement and questions. ... A facilitator is someone who skillfully helps a group of people understand their common objectives and plan to achieve them without personally taking any side of the argument. ...


Strategy consultants are common in upper management in many industries. There are also independent consultants who act as interim executives with decision-making power under corporate policies or statutes. They may sit on specially constituted boards or committees.


See also

This article does not cite any references or sources. ... Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. ... Foreclosure consultant means any person who makes any solicitation, representation, or offer to any owner to perform for compensation or who, for compensation, performs any service which the person in any manner represents will in any manner do any of the following: (1) Stop or postpone the foreclosure sale. ... It has been suggested that this article or section be merged with Management Consulting. ... Public consultation, or simply consultation, is a process by which the publics input on projects is sought. ... In the United Kingdom, an umbrella company is a company that contractors can use when working freelance or self employed. Both recruitment agencies and direct clients usually require a legal form of trading to be used to ensure they are not exposed to tax and employment liabilities. ... Certified Management Consultant (CMC) is an international certification for consultants. ... Political consulting is the business which has grown up around advising and assisting political campaigns, primarily in the United States. ... In the United Kingdom, a consultant is the name of a senior doctor who has completed all of his or her specialist training and entered the General Medical Councils specialist register in their chosen speciality. ... An independent contractor is a person or business which provides goods or services to another entity under terms specified in a contract. ... The Contingent Workforce can be defined as a non-traditional or provisional group of workers, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants. ... IRS Reclassification occurs where persons claimed as (or claiming to be) independent contractors are recategorized by the Internal Revenue Service (IRS), or by state tax authorities, as W-2 employees. ... A permatemp is an employee whose status is somewhere between a temporary employee and a permanent employee. ...

References

External links

Look up consulting in
Wiktionary, the free dictionary.
  • Washington Technology Top 100

  Results from FactBites:
 
IT and Business Consulting Services, IT Solutions and Support : FUJITSU UK (265 words)
Our IT Consulting services will define a way forward for your IT to help your organisation improve customer satisfaction, enhance productivity, enable agility, with greater security and less cost.
Fujitsu's consulting services helps you tailor IT strategies that support your broader business goals and ensure the best possible return on investment.
Our consultants use their vast experience and world-class analytical tools to guide you through the complexity of choices and increase your productivity.
Information technology consulting - Wikipedia, the free encyclopedia (319 words)
Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives.
Independent consultants, who function as contractors (also known as "1099"), employees of staffing firms (also known as "W-2"), or as subcontractors in their own right (also known as "Corp-to-corp").
There are sometimes overlaps between the two fields, but IT consultants often have degrees in computer science or management of information systems while management consultants often have degrees in accounting, economics, or finance.
  More results at FactBites »

 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m