Strategy Simplified
S12E14: McKinsey HR Case Interview Example
Nov 29, 2023
A case interview example is presented where McKinsey is tasked with addressing high HR costs at the Texas History Museum. They analyze HR costs, turnover, and brainstorm cost-cutting ideas. The potential negative impact of cost-cutting measures and the importance of security are discussed. Strategies for reducing HR costs and associated risks are explored, along with tips for letting the interviewer lead and managing time in case interviews.
35:39
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Quick takeaways
- The Texas History Museum has hired McKinsey to address unusually high HR costs and reduce costs in the short term.
- There are potential options to address high security costs, such as making wages more competitive, exploring part-time options, and relocating employees to other departments or museums.
Deep dives
Client's HR Costs and Problem
The Texas History Museum has reported unusually high HR costs, which have come under scrutiny by the executive team and board of directors. The museum has hired McKinsey to address this problem. The main focus is on reducing costs and planning for cost reductions in the short term.
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