Avasant: Nesting a Culture where People Love Working
California-based, 2006-founded Avasant, LLC is a leading management consulting firm focused on translating the power of technology into realizable business strategies. The company has raised the bar to a new height for providing management consulting services that include Digital, Global Strategy, Managed Governance, Strategic Sourcing, Transformation, Intelligent Automation, and IT Price Benchmarking for companies in various stages of development. Right from its inception, Avasant has provided premium quality services that met and exceeded the demands of clients from diverse industries, including banking, financial services, and insurance; healthcare and life sciences; high tech and telecom; media and entertainment; private equity; public sector; retail and manufacturing; travel and transportation; utilities and resourcing; and social impact institutions.
Avasant’s business of providing advisory services is guided by its core objective of ‘Empowering Beyond’ – empowering people, businesses, communities, and countries to reach beyond the status quo and challenge their potential to acquire new levels of success. This objective drives the social, cultural and corporate vision of Avasant. The company exhibits these values in all aspects of its business, including employee welfare, environmental sustainability, fair trade policy, equal opportunity, and business ethics, to name a few.
Seeing Employees as an Asset, Not Cost
Respect for each employee is the cornerstone of Avasant’s Business Code of Conduct, which is reviewed, updated, and shared with all company employees every year at Avasant’s annual company offsite retreat. The company, through its guidelines, upholds the human and worker rights and believes in acknowledging and respecting the honor, rights, and aims of its employees. Avasant maintains the right to freedom of expression and opinion, encouraging its employees to voice concerns, feedback and constructive thoughts towards the betterment of the firm and topics concerning employee welfare.
‘Our people are our strength’ – so say the actions at Avasant. Avasant invests in the success of each employee regardless of their entry level. Their extensive training program gives a deep dive review of the company history, practice areas, and services, and gives the new employees an opportunity to learn about Avasant’s values and mission. The company also implements a mentor-mentee initiative, which is aimed towards grooming the associates through regular one-on-one sessions in career progression, firm development, practice development and consulting skill sets, and is recognized by Vault as a top firm in its 2018 Internal Mobility survey.
“We believe that people are the most critical asset of any business. We take immense pride in the development of our people, their knowledge, their career and personal experiences in the growth of our firm. Every Avasant associate is a valued member of our firm’s ecosystem and has a key part to play in how we help organizations solve complex problems, mitigate business risks and execute global strategies,” affirms Avasant Global CEO, Mr. Kevin S. Parikh.
Housing a talented pool between 200-500 professionals, the enterprise has a long history of providing strong prospects for individual career advancement, a nurturing environment including a mentorship with top industry professionals, and a collaborative and dynamic entrepreneurial spirit. Avasant conducts formal 360-degree feedback sessions twice per year along with informal, interactive ‘happy hour’ sessions at least twice per month. Through these interactions, employees voice their concerns and suggest changes to any policy or practice that helps nurture and develop them personally and professionally. Ideas are principally focused on areas that integrate teams globally and provide equal opportunities. Any idea supported by the majority is then taken up in a time-bound initiative.
Creating a Friendly Workplace Environment
As an equal opportunity employer, Avasant believes that its inherent strength lies in the intellectual and cultural diversity of its workforce. Avasant’s workforce contributes towards the firm’s goal of guiding its clients through often difficult, uncertain and ambiguous situations through their extensive knowledge, implicit understanding, and passion.
Avasant does not discriminate in hiring, remuneration, access to training, promotion, termination or retirement based on age, race, national origin, religion, disability, gender, sexual orientation, union membership, or political affiliation. The company strongly adheres to a zero-tolerance policy against bribery, extortion and other corrupt malpractices. The company strictly follows and adheres to the Foreign Corrupt Practices Act of 1977 (FCPA) following a disclosure by the Securities and Exchange Commission of the extensive practice by American businesses operating abroad of making payment to foreign government officials, for the purpose of obtaining or retaining business. Avasant also has a centralized whistle-blowing cell that takes strict action against any reported malpractices observed by employees, stakeholders or clients or activities in deviance from those suggested by FCPA.
Awards & Accolades
One of the most cherished traditions that Avasant holds especially close is its annual offsite. “Each year, we make it a point to connect in person with every member of the firm, gathering at a location external to all of our offices to review the growth of the business over the past year, honor accomplishments among our team, and continue to grow the camaraderie that keeps the global team working cohesively across time zones and skill sets,” noted Mr. Parikh.
Each year at the company’s annual offsite, a number of annual awards are given to employees who’ve demonstrated outstanding leadership and growth over the past year. They are recognized publicly in person by the company’s leadership and in the presence of their peers for their various achievements. In each geography, local offices also celebrate achievements in smaller teams, whether by going out to lunch/dinner or participating in other team bonding activities subsidized by the firm. Avasant also hosts a group communication channel where employees circulate birthday greetings and good personal news to all team members.
Strong leadership and the quality of life offered to its advisors led to Avasant’s inclusion in the Vault’s Best to Work For rankings multiple years in a row. Avasant has most recently received top rankings in the categories of Internal Mobility, Innovation, Overall Business Outlook, Ability to Challenge, Firm Leadership, Interaction with Clients, and International Opportunities. The rankings demonstrate Avasant’s commitment to be an employee-centric management consulting firm. “Avasant adopts the philosophy of putting the client first and providing a conducive and intellectually challenging work environment to its advisors. This ranking demonstrates our competence and the confidence our advisors have in the firm,” noted Mr. Parikh.
Rolling Out Plans for Future
While Avasant remains a small firm, it intends to keep growing at a current rate of 35 percent year over year with leading clients in all industries that it serves. The company expects its continued excellence to scale as it hires from the top of the market at the senior level while its mentorship initiatives shape associates at the junior level to grow into top consultants on the Avasant home field.
The service offerings will continue to diversify also as the company grows according to market demand, such as with newly added AvaMark™ services, Enterprise Blockchain Strategy advisory services, RadarView™ Reports, as well as the addition of Social Impact Institutions as a new service area. Through its mentorship program and collaborative technology initiatives, Avasant likewise intends to continue growing as a digital workplace. Current employees will be empowered likewise to expand their current skills through leadership and growth opportunities subsidized and encouraged by Avasant’s educational funding and mentorship programs.