content: FORM 10-Q
  
                  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C. 20549
  
  (X)      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
           OF THE SECURITIES EXCHANGE ACT OF 1934
  
           For the quarterly period ended September 30, 1999
  
                                              OR
  
  ( )      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
           OF THE SECURITIES AND EXCHANGE ACT OF 1934
  
           For the transition period from ___________ to ___________
  
  
                           Commission File Number 0-15539
  
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                         ----------------------------------
               (Exact name of registrant as specified in its charter)
  
  
            Pennsylvania                                23-2153729
  -------------------------------                 -------------------
  (State of other jurisdiction of                   (IRS Employer
   incorporation of organization)                 Identification No.)
  
  
      1818 Market Street, Philadelphia, Pennsylvania                   19103
      ----------------------------------------------                ----------
         (Address of principal executive offices)                   (Zip Code)
  
           Registrant's telephone number, including area code:  (215) 988-1588
  
           Indicate by check mark whether the registrant: (1) has filed all
           reports required to be filed by Section 13 or 15(d) of the Securities
           Exchange Act of 1934 during the preceding 12 months (or for such
           shorter period that the registrant was required to file such reports),
           and (2) has been subject to such filing requirements for the past 90
           days.
  
                        Yes       X                        No
  
           Indicate the number of shares outstanding of each of the issuer's
           classes of common stock as of October 31, 1999:
  
           Common Stock, $0.01 par value                      5,858,491
           -----------------------------                --------------------
                        Class                             Number of Shares
  
  
  <PAGE>
                                           Right Management Consultants, Inc.
                                         Condensed Consolidated Balance Sheets
                                        (Dollars in Thousands Except Share Data)
  
  <TABLE>
  <CAPTION>
  <S>                                                                                    <C>               <C>
                                                                                        September 30,   December 31,
                                                                                            1999             1998
                                                                                         ---------         ---------
                                                                                        (Unaudited)
                                                        Assets
  
         Current Assets:
         Cash and cash equivalents                                                       $   9,567         $  20,800
         Accounts receivable, trade, net of allowance for doubtful accounts
             of $1,326 and $1,066 in 1999 and 1998, respectively                            31,344            33,271
         Royalties and fees receivable from Affiliates                                       2,890             3,809
         Other current assets                                                                4,499             3,004
                                                                                         ---------         ---------
                Total current assets                                                        48,300            60,884
  
         Property and equipment, net of accumulated depreciation of $27,983
            and $22,086 in 1999 and 1998, respectively                                      18,151            15,983
  
         Intangible assets, net of accumulated amortization of $10,671 and
             $8,114 in 1999 and 1998, respectively                                          43,223            33,947
         Equity Investment                                                                   1,950                --
         Other noncurrent assets                                                             4,028             3,781
                                                                                         ---------         ---------
                Total Assets                                                             $ 115,652         $ 114,595
                                                                                         =========         =========
  
  
  
  
                                         Liabilities and Shareholders' Equity
  
  
         Current Liabilities:
         Current portion of long-term debt and other obligations                         $   4,464         $   5,124
         Accounts and commissions payable                                                    8,894            10,086
         Accrued incentive compensation and benefits                                         8,850            15,490
         Other accrued expenses                                                              6,826             8,191
         Deferred income                                                                     8,979             6,712
                                                                                         ---------         ---------
                Total current liabilities                                                   38,013            45,603
                                                                                         ---------         ---------
  
         Long-term debt and other obligations                                               14,699             9,065
                                                                                         ---------         ---------
  
         Deferred compensation                                                               1,982             1,785
                                                                                         ---------         ---------
  
         Minority interest in subsidiaries                                                   1,540             1,324
                                                                                         ---------         ---------
  
         Shareholders' Equity:
         Preferred stock, no par value; 1,000,000 shares authorized; no
             shares issued or outstanding                                                       --                --
         Common stock, $.01 par value; 20,000,000 shares authorized;
             7,340,856 and 7,255,765 shares issued in 1999 and 1998, respectively               73                72
         Additional paid-in capital                                                         17,691            16,448
         Retained earnings                                                                  51,345            44,970
         Accumulated other comprehensive income                                               (503)             (727)
                                                                                         ---------         ---------
                                                                                            68,606            60,763
         Less treasury stock, at cost, 910,952 and 547,952 shares
             in 1999 and 1998, respectively                                                 (9,188)           (3,945)
                                                                                         ---------         ---------
                Total shareholders' equity                                                  59,418            56,818
                                                                                         ---------         ---------
                Total Liabilities and Shareholders' Equity                               $ 115,652         $ 114,595
                                                                                         =========         =========
  
  
                             The accompanying notes are an integral part of these condensed
                                          consolidated financial statements.
  
  
                                                           1
  </TABLE>
  
  <PAGE>
                           Right Management Consultants, Inc.
                       Condensed Consolidated Statements of Income
            (Dollars and Shares in Thousands Except Earnings per Share Data)
                                       (Unaudited)
  
  <TABLE>
  <CAPTION>
  <S>                                                          <C>            <C>
                                                           Three Months Ended September 30,
  
                                                                 1999           1998
                                                               -------        -------
  
  Revenue:
  Company office revenue                                       $41,318        $39,895
  Affiliate royalties                                            1,130          1,039
                                                               -------        -------
  
  Total revenue                                                 42,448         40,934
                                                               -------        -------
  
  Expenses:
  Consultants' compensation                                     16,851         17,265
  Office sales and consulting support                            3,086          2,641
  Office depreciation                                            1,304          1,054
  Office administration                                         13,480         13,036
  General sales and administration                               3,108          3,077
  Depreciation and amortization                                  1,551          1,009
                                                               -------        -------
  
  Total expenses                                                39,380         38,082
                                                               -------        -------
  
  Income from operations                                         3,068          2,852
  
  Net interest expense                                             137            206
                                                               -------        -------
  
  Income before income taxes                                     2,931          2,646
  
  Provision for income taxes                                     1,246          1,138
  
  Minority interest in net income of subsidiary                      8            191
  
  Equity in earnings of minority-owned subsidiary                  130             --
                                                               -------        -------
  
  Net income                                                   $ 1,807        $ 1,317
                                                               =======        =======
  
  Basic earnings per share                                     $  0.28        $  0.20
                                                               =======        =======
  
  Diluted earnings per share                                   $  0.27        $  0.20
                                                               =======        =======
  
  Basic weighted average number of shares outstanding            6,535          6,640
                                                               =======        =======
  
  Diluted weighted average number of shares outstanding          6,583          6,721
                                                               =======        =======
  </TABLE>
  
                  The accompanying notes are an integral part of these
                      condensed consolidated financial statements.
  
  
                                           2
  <PAGE>
                           Right Management Consultants, Inc.
                       Condensed Consolidated Statements of Income
            (Dollars and Shares in Thousands Except Earnings per Share Data)
                                       (Unaudited)
  
  <TABLE>
  <CAPTION>
  <S>                                                          <C>             <C>
                                                            Nine Months Ended September 30,
  
                                                                 1999            1998
                                                               --------        --------
  Revenue:
  Company office revenue                                       $130,674        $116,930
  Affiliate royalties                                             3,364           3,082
                                                               --------        --------
  
  Total revenue                                                 134,038         120,012
                                                               --------        --------
  
  Expenses:
  Consultants' compensation                                      52,965          49,362
  Office sales and consulting support                             9,537           7,316
  Office depreciation                                             3,730           2,945
  Office administration                                          41,844          38,041
  General sales and administration                               10,790          10,453
  Depreciation and amortization                                   3,859           2,928
                                                               --------        --------
  
  Total expenses                                                122,725         111,045
                                                               --------        --------
  
  Income from operations                                         11,313           8,967
  
  Net interest expense                                              332             600
                                                               --------        --------
  
  Income before income taxes                                     10,981           8,367
  
  Provision for income taxes                                      4,710           3,571
  
  Minority interest in net income of subsidiary                     166             340
  
  Equity in earnings of minority-owned subsidiary                   270              --
                                                               --------        --------
  
  Net income                                                   $  6,375        $  4,456
                                                               ========        ========
  
  Basic earnings per share                                     $   0.96        $   0.67
                                                               ========        ========
  
  Diluted earnings per share                                   $   0.95        $   0.66
                                                               ========        ========
  
  Basic weighted average number of shares outstanding             6,628           6,678
                                                               ========        ========
  
  Diluted weighted average number of shares outstanding           6,709           6,763
                                                               ========        ========
  
  </TABLE>
  
  
  
                  The accompanying notes are an integral part of these
                      condensed consolidated financial statements.
  
  
                                           3
  
  <PAGE>
  
                             Right Management Consultants, Inc.
                       Condensed Consolidated Statements of Cash Flows
                                   (Dollars in Thousands)
                                         (Unaudited)
  <TABLE>
  <CAPTION>
  <S>                                                           <C>              <C>
                                                              Nine Months Ended September 30,
  
                                                                  1999             1998
                                                                --------         --------
  
  Operating Activities:
    Net income                                                  $  6,375         $  4,456
    Adjustments to reconcile net income to net cash
      provided by (utilized for) operating activities:
        Depreciation and amortization                              7,589            5,873
        Deferred income taxes                                       (268)             423
        Provision for doubtful accounts                              385              320
        Minority interest in net income of subsidiary                216              340
        Equity in earnings of minority-owned subsidiary             (270)              --
        Other non-cash items                                         355              414
        Changes in operating accounts:
            (Increase) decrease in operating assets                3,311          (13,895)
            Increase (decrease) in operating liabilities          (9,614)          12,830
                                                                --------         --------
  
    Net cash provided by operating activities                      8,079           10,761
                                                                --------         --------
  
  Investing Activities:
    Purchase of property and equipment                            (6,857)          (4,589)
    Equity Investment                                             (1,680)              --
    Net cash paid for acquisitions and earnouts                  (11,672)          (6,180)
                                                                --------         --------
  
    Net cash utilized for investing activities                   (20,209)         (10,769)
                                                                --------         --------
  
  Financing Activities:
    Borrowings                                                     8,834            5,900
    Payment of long-term debt and other obligations               (3,938)          (3,694)
    Tax benefit from the exercise of stock options                    66               --
    Repurchase of Common Stock                                    (5,243)          (1,935)
    Proceeds from stock issuances                                  1,178              382
                                                                --------         --------
  
    Net cash provided by financing activities                        897              653
                                                                --------         --------
  
  Increase (decrease) in cash and cash equivalents               (11,233)             645
  
  Cash and cash equivalents, beginning of period                  20,800            7,583
                                                                --------         --------
  
  Cash and cash equivalents, end of period                      $  9,567         $  8,228
                                                                ========         ========
  
  
  
  Supplemental Disclosures of Cash Flow Information
    Cash paid for:
  
       Interest                                                 $    895         $    855
                                                                ========         ========
  
       Income taxes                                             $  5,056         $  2,245
                                                                ========         ========
  
  </TABLE>
  
  
                    The accompanying notes are an integral part of these
                        condensed consolidated financial statements.
  
                                              4
  
  <PAGE>
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  
  Basis of Presentation
  
  The accompanying unaudited condensed consolidated financial statements have been
  prepared in accordance with generally accepted accounting principles for interim
  financial information and the instructions to Form 10-Q and Rule 10-01 of
  Regulation S-X. Accordingly, they do not include all of the information and
  footnote disclosures necessary for a fair presentation of consolidated financial
  position, results of operations and cash flows in conformity with generally
  accepted accounting principles. In the opinion of management, all adjustments
  (consisting of normal recurring adjustments) considered necessary for a fair
  presentation have been included. Operating results for the nine months ended
  September 30, 1999 are not necessarily indicative of the results that may be
  expected for the year ending December 31, 1999. For further information, refer
  to the financial statements and footnotes thereto included in Right Management
  Consultants Inc.'s Annual Report on Form 10-K for the year ended December 31,
  1998.
  
  Principles of Consolidation
  
  The consolidated financial statements include the accounts of Right Management
  Consultants, Inc. (the "Company") and its wholly-owned and majority-owned
  subsidiaries. All significant intercompany transactions and balances have been
  eliminated in consolidation. The Company's investment in a minority-owned
  subsidiary, in which it owns a 20% interest, is accounted for using the equity
  method.
  
  Comprehensive Income
  
  Comprehensive income is defined as net income plus revenues, expenses, gains and
  losses that, under generally accepted accounting principles, are excluded from
  net income. The Company's comprehensive income includes net income and
  unrealized gains and losses from foreign currency translation adjustments. The
  earnings associated with the Company's investment in its foreign subsidiaries
  are considered to be permanently invested and no provision for U.S. federal and
  state income taxes has been provided for on these foreign currency translation
  adjustments. Total comprehensive income for the three months ended September 30,
  1999 and 1998 was $1,973,000 and $1,258,000, respectively. Total comprehensive
  income for the nine months ended September 30, 1999 and 1998 was $6,600,000 and
  $4,239,000, respectively.
  
  Reclassifications
  
  Certain 1998 amounts have been reclassified to conform to the 1999 presentation.
  
  
  
                                         5
  <PAGE>
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE B - ACQUISITIONS AND INVESTMENTS
  
  Effective January 1, 1999, the Company acquired the outstanding stock of two
  European consulting firms and one European career transition firm for a
  combination of cash and future defined contingent payments. The firms included
  Groupe ARJ, with offices in Lyon and Paris France, Jouret Management Center,
  based in Brussels, Belgium, and N.V. Claessens Belgium, S.A., with four offices
  in Belgium.
  
  Effective August 1, 1999 the Company acquired the assets of Transition
  Management, Inc., a career transition firm with offices in Salt Lake City and
  Ogden, Utah, for a combination of cash and future defined contingent payments.
  Also effective August 1, 1999, the Company acquired the outstanding stock of the
  consulting firm Key Management Strategies, located in Philadelphia,
  Pennsylvania, for a combination of cash and future defined contingent payments.
  
  Effective September 1, 1999, the Company acquired the outstanding stock of
  Mainstream Access Corporation, a career transition firm with offices in eleven
  cities throughout Canada.
  
  Effective September 30, 1999, the Company acquired an additional interest in
  Davidson & Associates, a career transition firm with offices throughout
  Australia, New Zealand, Singapore and Hong Kong, increasing its total ownership
  from 51% to 64%.
  
  The aggregate purchase price for these acquisitions totaled approximately
  $10,530,000, including costs of acquisitions and have been accounted for using
  the purchase method. The Company has funded $8,400,000 of these acquisitions
  through borrowings under the Credit Agreement (See Note C). The Company acquired
  $1,246,000 in cash from these acquisitions resulting in net cash paid
  year-to-date of approximately $9,284,000, including costs of acquisitions.
  
  On a year-to-date basis, the Company paid approximately $2,388,000 in earnout
  payments related to acquisitions made in prior years.
  
  Effective April 1, 1999, the Company acquired a 20% equity interest in Way
  Station, Inc., a leading career transition consulting firm in Japan, with
  offices in eight cities throughout Japan. The purchase price of this interest
  approximated $1,680,000, which was paid in cash, and has been accounted for
  using the equity method. At September 30, 1999 the total equity investment in
  Way Station was $1,950,000, including the excess of the cost of the investment
  over the underlying equity acquired, which excess amount will be amortized over
  a period of 15 years. There were no intercompany transactions made with Way
  Station during the second or third quarters in 1999. The equity in earnings of
  Way Station was recorded net of tax, and is reflected in the accompanying
  Condensed Consolidated Statements of Income.
  
  The unaudited pro-forma results of operations for each of the two periods ended
  September 30, 1998 and 1999, reflecting the combined results of the Company and
  the acquisitions detailed above as if the acquisitions had occurred at January
  1, 1998 and 1999, excluding the additional interest in Davidson and Associates,
  acquired effective September 30, 1999, are presented as follows:
  
  
                                         6
  <PAGE>
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE B - ACQUISITIONS AND INVESTMENTS (Continued)
  
                                        (Dollars in Thousands)
                                         1999             1998
  
  Revenues                            $137,868          $129,912
                                      ========          ========
  
  Income before income taxes          $ 10,312          $  8,838
                                      ========          ========
  
  Net Income                          $  6,117          $  4,926
                                      ========          ========
  
  Diluted earnings per share          $   0.91          $   0.73
                                      ========          ========
  
  
  NOTE C - DEBT AND OTHER OBLIGATIONS
  
  As of September 30, 1999, total borrowings under the Company's Credit Agreement
  amounted to $18,142,000. This includes the $8,400,000 floating rate borrowing
  for certain acquisitions made during 1999 (See Note B). Subsequent to September
  30, 1999, the Company borrowed $6,500,000 for the purchase of shares of its
  Common Stock (See Note F). The Company pays a floating interest rate on this
  borrowing which approximated 6.27% at October 31, 1999.
  
  As of September 30, 1999, the Company had entered into five fixed interest rate
  swap agreements ("Swap Agreements") with an aggregate notional principal of
  $9,742,000 with scheduled quarterly reductions of notional principal over three
  to five years. The fixed interest rates under these Swap Agreements range from
  6.06% to 6.27% at September 30, 1999. Subsequent to September 30, 1999, the
  Company entered into another interest rate swap agreement for the total
  $8,400,000 floating rate borrowing with a four-year maturity and a 6.35% fixed
  rate. The purpose of these Swap Agreements is to fix interest rates on variable
  rate debt and reduce exposure to interest rate fluctuations. Under these Swap
  Agreements, the Company pays its lenders interest at a weighted average fixed
  rate of 6.58% and its lenders are paying the Company interest at a weighted
  average variable rate of 6.09% at September 30, 1999. The notional amounts do
  not represent amounts exchanged by the parties and thus are not a measure of
  exposure of the Company. The amounts exchanged are normally based on the
  notional amounts and other terms of the swaps. The weighted average variable
  rates are subject to change over time as LIBOR fluctuates.
  
  At September 30, 1999, the Company has no exposure to credit loss on these
  interest rate swaps. The Company is not a party to leveraged derivatives and
  does not hold or issue financial instruments for speculative purposes. The
  Company has made adjustments to interest expense for the net cash paid or
  received on interest rate swap agreements. The impact of the above interest rate
  swap agreements on interest expense has been immaterial to date.
  
  
                                         7
  <PAGE>
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE D - EARNINGS PER SHARE
  
  The Company utilizes SFAS No. 128, "Earnings per Share" to calculate its
  earnings per share ("EPS"). The calculation of EPS under SFAS No. 128 for
  September 30, 1999 and 1998 are detailed below.
  <TABLE>
  <CAPTION>
  <S>                                   <C>              <C>           <C>              <C>              <C>            <C>
                                            For the three months                              For the nine months
                                           ended September 30, 1999                        ended September 30, 1999
                                          ------------------------                        ------------------------
                                       Income           Shares        EPS              Income           Shares         EPS
                                       ------           ------        ---              ------           ------         ---
      Basic EPS:
      Net income                        $1,807,000       6,535,000     $0.28            $6,375,000       6,628,000      $0.96
                                                                       =====                                            =====
      Impact of options                        ---          48,000                             ---          81,000
                                        ----------       ---------                      ----------       ---------
  
      Diluted EPS:
      Net income                        $1,807,000       6,583,000     $0.27            $6,375,000       6,709,000      $0.95
                                        ==========       =========     =====            ==========       =========      =====
  
                                            For the three months                              For the nine months
                                           ended September 30, 1998                        ended September 30, 1998
                                          ------------------------                        ------------------------
                                       Income           Shares        EPS              Income           Shares         EPS
                                       ------           ------        ---              ------           ------         ---
      Basic EPS:
      Net income                        $1,317,000       6,640,000     $0.20            $4,456,000       6,678,000      $0.67
                                                                       =====                                            =====
      Impact of options                        ---          81,000                             ---          85,000
                                        ----------       ---------                      ----------       ---------
  
      Diluted EPS:
      Net income                        $1,317,000       6,721,000     $0.20            $4,456,000       6,763,000      $0.66
                                        ==========       =========     =====            ==========       =========      =====
  </TABLE>
  
  For the three months ended September 30, 1999, outstanding options to purchase
  1,049,650 shares of Company Common Stock at prices ranging from $14.00 to $24.33
  per share were excluded from the computation of diluted EPS, as the options'
  exercise price was greater than the average market price of the Common Stock.
  For the nine months ended September 30, 1999, outstanding options to purchase
  471,012 shares of Company Common Stock at prices ranging from $15.44 to $24.33
  per share were excluded from the computation of diluted EPS, as the options'
  exercise price was greater than the average market price of the Common Stock.
  
  
  NOTE E - SEGMENTS
  
  In June 1997, SFAS No. 131, "Disclosures about Segments of an Enterprise and
  Related Information," was issued effective for fiscal years ending after
  December 15, 1998. SFAS No. 131 establishes standards for reporting information
  about operating segments and related disclosures about products and services,
  geographic areas, and major customers. Operating segments are defined as
  components of an enterprise about which separate financial information is
  available that is evaluated regularly by the chief operating decision maker in
  deciding how to allocate resources and in assessing performance.
  
  
                                         8
  <PAGE>
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE E - SEGMENTS (Continued)
  
  The Company's operations are segregated into two lines of business: career
  transition and human resources and career management consulting ("consulting").
  The Company operates these lines of business across the geographic segments of
  the United States, Canada, Europe and Asia- Pacific. These operations offer
  different services and require different marketing strategies. Career transition
  offers support for organizations separating employees, including assistance in
  handling the initial difficulties of termination, identifying continuing career
  goals and options, and aiding in developing skills for the search for a new job.
  Consulting offers organizational and individual assessment, change management
  and transformation planning, leadership development and executive coaching,
  cultural integration in mergers and acquisitions, career development, and
  workforce redeployment and retention. With more than 200 service locations
  worldwide, the Company manages operations by geographic segments to enhance
  global growth and establish major accounts with global clients. The Company
  primarily delivers its services to mid-size and large industrial and service
  companies, with no concentration in specific companies or industries.
  
  Summarized operations of each of the Company's geographic segments in the
  aggregate as of September 30, 1999 and 1998 and for the three and nine month
  periods then ended are as follows:
  <TABLE>
  <CAPTION>
  <S>                           <C>            <C>          <C>              <C>              <C>
                                                     (Dollars in Thousands)
  1999                         United States     Canada       Europe        Asia-Pacific     Consolidated
                               -------------    --------     --------       ------------     ------------
  Identifiable assets            $ 82,246       $ 9,700      $ 17,890         $ 5,816          $ 115,652
                                 ========       =======      ========         =======          =========
  
  1998
  Identifiable assets              80,656         6,350         8,343           4,969            100,318
                                 ========       =======      ========         =======          =========
  
  For the three months ended
  September 30, 1999
  Revenue                          31,607         2,640         4,617           3,584             42,448
                                 ========       =======      ========         =======          =========
  
  Operating income (1)              2,430           679           (65)             24              3,068
                                 ========       =======      ========         =======          =========
  
  Depreciation and amortization     2,490            68           109             188              2,855
                                 ========       =======      ========         =======          =========
  
  Capital expenditures              1,887            29           158             115              2,189
                                 ========       =======      ========         =======          =========
  <FN>
  (1)  The operating income reported for the United States segment includes total
       general sales and administration and depreciation and amortization expenses
       ("G & A expenses"), reported on the Condensed Consolidated Statements of
       Income.
  </FN>
  </TABLE>
  
  
  
                                         9
  
  <PAGE>
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  <TABLE>
  <CAPTION>
  <S>                                    <C>              <C>             <C>              <C>            <C>
  NOTE E - SEGMENTS (Continued)
                                                                        (Dollars in Thousands)
                                    United States      Canada           Europe       Asia-Pacific     Consolidated
                                    -------------     --------         --------      ------------     ------------
  For the three months ended
  September 30, 1998
  Revenue                              $ 31,288        $  2,144        $  3,748         $  3,754        $ 40,934
                                       ========        ========        ========         ========        ========
  
  Operating income (1)                    1,455             163             444              790           2,852
                                       ========        ========        ========         ========        ========
  
  Depreciation and amortization           1,639             126             141              157           2,063
                                       ========        ========        ========         ========        ========
  
  Capital expenditures                    1,044              40             (46)             273           1,311
                                       ========        ========        ========         ========        ========
  
  For the nine months ended
  September 30, 1999
  Revenue                               100,519           7,484          15,450           10,585         134,038
                                       ========        ========        ========         ========        ========
  
  Operating income (1)                    8,162           1,409           1,122              620          11,313
                                       ========        ========        ========         ========        ========
  
  Depreciation and amortization           6,531             209             332              517           7,589
                                       ========        ========        ========         ========        ========
  
  Capital expenditures                    5,652             136             293              776           6,857
                                       ========        ========        ========         ========        ========
  
  For the nine months ended
  September 30, 1998
  Revenue                                91,811           7,280          10,768           10,153         120,012
                                       ========        ========        ========         ========        ========
  
  Operating income (1)                    5,225             976           1,520            1,246           8,967
                                       ========        ========        ========         ========        ========
  
  Depreciation and amortization           4,644             390             376              463           5,873
                                       ========        ========        ========         ========        ========
  
  Capital expenditures                    3,674             183             107              625           4,589
                                       ========        ========        ========         ========        ========
  <FN>
  (1)  The operating income reported for the United States segment includes total
       G & A expenses reported on the Condensed Consolidated Statements of Income.
  </FN>
  </TABLE>
  
  Revenues and expenses of the Company's lines of business for the Company
  offices, excluding the total general sales and administration and depreciation
  and amortization expenses ("G & A expenses"), and Affiliate royalties, are
  evaluated by management. The Company does not measure assets by lines of
  business as assets are generally not distinctive to a particular line of
  business and they are not fundamental in assessing segment performance. Revenue
  and Company office operating income for each of the Company's lines of business
  in the aggregate for the three and nine months ended September 30, 1999 and 1998
  are as follows:
  
  
                                         10
  <PAGE>
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE E - SEGMENTS (Continued)
  <TABLE>
  <CAPTION>
  <S>                       <C>          <C>          <C>                    <C>          <C>          <C>
                                   For the three months                            For the nine months
                                    ended September 30,                            ended September 30,
                             Career                                           Career
                           Transition   Consulting   Consolidated           Transition   Consulting   Consolidated
  1999
  Company office
       revenue              $ 34,801     $  6,517     $ 41,318               $111,221     $ 19,453     $130,674
                            ========     ========     ========               ========     ========     ========
  
  Company office
       operating income     $  6,104     $    493     $  6,597               $ 21,355     $  1,243     $ 22,598
                            ========     ========     ========               ========     ========     ========
  
  1998
  Company office
       revenue              $ 34,117     $  5,778     $ 39,895               $ 98,115     $ 18,815     $116,930
                            ========     ========     ========               ========     ========     ========
  
  Company office
       operating income     $  5,535     $    364     $  5,899               $ 16,246     $  3,020     $ 19,266
                            ========     ========     ========               ========     ========     ========
  </TABLE>
  
  NOTE F - SHAREHOLDERS' EQUITY
  
  In March 1997, the Board of Directors (the "Board") approved a stock repurchase
  program under which the Company was authorized to repurchase up to 10% of its
  then outstanding Common Stock, or 658,628 shares. Shares repurchased are held as
  treasury shares and are available to the Company for any use in various benefit
  plans and, when authorized by the Board, for other general corporate purposes.
  The Board authorized Company management to pursue the repurchase program in open
  market transactions from time-to-time, depending upon market conditions and
  other factors. In September 1999, the Board expanded the stock repurchase
  program, authorizing the Company to repurchase an additional 10% of its then
  outstanding Common Stock, or 642,990 shares.
  
  During 1998 and 1997, the Company repurchased a total of 295,000 shares of
  Common Stock at an aggregate purchase price of approximately $3,428,000, or
  $11.62 per share.
  
  During the nine months ended September 30, 1999, the Company repurchased 363,000
  shares of Common Stock at an aggregate purchase price of approximately
  $5,243,000, or $14.44 per share.
  
  During October 1999, the Company repurchased 583,600 shares of Common Stock at
  an aggregate purchase price of approximately $6,905,000, or $11.83 per share.
  The Company borrowed $6,500,000 to fund the share repurchase (See Note C).
  
  As of October 1999, the Company has repurchased a total of 1,241,600 shares of
  Common Stock at an aggregate purchase price of approximately $15,576,000, or
  $12.55 per share, under this stock repurchase program.
  
  
                                         11
  <PAGE>
                                   PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
  
  Results of Operations
  
  For the three months ended September 30, 1999, revenue generated by Company
  offices increased by 4% or $1,423,000 from the corresponding quarter in 1998.
  This increase is due to $2,256,000 in incremental revenues from acquisitions
  detailed in Note B to the Condensed Consolidated Financial Statements, partly
  offset by a same office revenue decrease of approximately 2% or $833,000. The
  same office revenue decrease was primarily due to a decline in the consulting
  line of business.
  
  For the three months ended September 30, 1999, revenue generated by Company
  offices within the career transition line of business increased by 2% or
  $684,000. This career transition revenue increase is due to $868,000 in
  incremental revenues from acquisitions, partly offset by a same office revenue
  decrease of approximately 1% or $184,000.
  
  For the three months ended September 30, 1999, revenue generated by Company
  offices within the consulting line of business increased by 13% or $739,000.
  This increase in consulting revenues is due to $1,388,000 in incremental
  revenues from acquisitions, offset by a same office revenue decrease of 11% or
  $649,000.
  
  For the nine months ended September 30, 1999, revenue generated by Company
  offices increased by 12% or $13,744,000 from the corresponding period in 1998.
  This increase is due to overall same office revenue growth of 6%, primarily
  within the career transition line of business in addition to $6,703,000 in
  incremental revenues from acquisitions consummated subsequent to the third
  quarter 1998.
  
  For both the three and nine months ended September 30, 1999, Affiliate royalties
  increased 9% from the corresponding periods in 1998.
  
  For the three months ended September 30, 1999, total Company office expenses
  increased 2% or $725,000 over the corresponding quarter in 1998. This increase
  is due to $2,205,000 in incremental costs from acquisitions consummated
  subsequent to the third quarter 1998, offset by a decrease in salaries for
  delivery personnel, foreign correspondents and career center staff, as well as a
  decrease in office level incentive compensation expense.
  
  For the nine months ended September 30, 1999, total Company office expenses
  increased 11% or $10,412,000 from the corresponding period in 1998. This
  increase is due to $6,226,000 in incremental costs from acquisitions consummated
  subsequent to the third quarter 1998, as well as an increase in depreciation.
  
  Aggregate Company office margins were 16% and 15% for the third quarter 1999 and
  1998, respectively. This increase in margin is attributable to the previously
  mentioned increase in Company office revenue, in addition to a decrease in same
  office costs and incentive compensation expense.
  
  
                                         12
  <PAGE>
  
                                   PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
                                      CONTINUED
  
  Year-to-date aggregate Company office margins were 17% and 16% for 1999 and
  1998, respectively. The increase in margin is attributable primarily to the
  previously mentioned revenue growth.
  
  For the three months ended September 30, 1999, G & A expenses increased by 14%
  or $573,000 from the third quarter 1998. This increase is due primarily to an
  increase in charges for amortization and depreciation. General sales and
  administrative expenses as a percentage of total revenues were approximately 11%
  for the third quarter 1999 versus 10% for the third quarter 1998.
  
  For the nine months ended September 30, 1999, G & A expenses increased 9% or
  $1,268,000 from the corresponding period in 1998. This increase is due to
  increased charges for foreign currency translation expense, amortization and
  depreciation, and incentives. G & A expenses as a percentage of total revenues
  were approximately 11% for year-to-date 1999 and 1998.
  
  The Company's effective tax rates for the three and nine-month periods ended
  September 30, 1999 and 1998 ranged between approximately 42.5% and 43.0%.
  
  Capital Resources and Liquidity
  
  At September 30, 1999 and December 31, 1998, the Company had cash and cash
  equivalents of $9,567,000 and $20,800,000, respectively. At September 30, 1999
  and December 31, 1998, the Company had working capital of $10,287,000 and
  $15,281,000, respectively.
  
  Net cash provided by operating activities amounted to $8,079,000 and $10,761,000
  for the nine months ended September 30, 1999 and 1998, respectively. The
  reduction in cash is the result of incremental incentive compensation payments
  made in the first quarter 1999 due to the Company exceeding revenue and
  operating income targets in 1998, as compared to the same period in the prior
  year.
  
  Net cash utilized for investing activities amounted to $20,209,000 and
  $10,769,000 for the nine months ended September 30, 1999 and 1998, respectively.
  During the first nine months of 1999, the Company acquired three career
  transition firms, three consulting firms, a 20% equity interest in a Japanese
  firm, and an additional interest in Davidson and Associates for a combination of
  cash and future defined contingent payments (See Note B to the Condensed
  Consolidated Financial Statements). Additionally, the Company continues to
  purchase equipment and technology to meet the needs of its expanding operations
  and to enhance its operating efficiency.
  
                                         13
  <PAGE>
                                   PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
                                      CONTINUED
  
  
  Net cash provided by financing activities amounted to $897,000 and $653,000 for
  the nine months ended September 30, 1999 and 1998, respectively. The net cash
  inflow for 1999 was primarily the result of the $8,400,000 borrowing made to
  complete certain acquisitions during 1999 (See Note B to the Condensed
  Consolidated Financial Statements), partly offset by repayments on the Company's
  borrowings and the repurchase of Common Stock.
  
  Under its revolving credit facility, the Company has a $40,000,000 borrowing
  capacity. The Company had approximately $16,050,000 available under the
  revolving credit facility at October 31, 1999. The Company plans to utilize the
  revolving credit facility to assist in the financing of future acquisitions as
  they arise and for other general corporate purposes.
  
  The Company anticipates that its cash and working capital will be sufficient to
  service its existing debt, outstanding commitments and to maintain Company
  operations at current levels for the foreseeable future. The Company will
  continue to consider acquisitions and other expansion opportunities as they
  arise, although the economics, strategic implications and other circumstances
  justifying the expansion will be key factors in determining the amount and type
  of resources the Company will commit.
  
  Year 2000
  
  During 1998, the Company completed its evaluation of the potential impact of the
  year 2000 and developed a project plan (the "Y2K Plan") to ensure the compliance
  of its major operating systems by the year 2000. As a service company, the
  Company's operating systems principally include financial and communication
  applications. As part of its Y2K Plan, the Company has developed a replacement
  billing system which began operating in April 1999. The Y2K Plan also details
  the timetable to upgrade or replace non-compliant systems as well as to confirm
  year 2000 compliance with the Company's key vendors. At this time, the Company
  is progressing in accordance with its anticipated timetable with respect to all
  aspects of the Y2K Plan and believes that the potential risks to its business
  operations are not material. As of July 1999, the Company has successfully
  tested all of its critical systems for year 2000 compliance. The Company
  estimates that the total capital expenditures to be incurred under the Y2K Plan
  will be approximately $1,500,000 in 1999, of which approximately $800,000 is
  attributable to systems upgrades or replacements that the Company normally would
  undertake in its ongoing operations. Capitalized items will be depreciated over
  the useful life of the asset. Non-capitalizable costs related to year 2000
  issues are estimated to be $300,000, which will be expensed as incurred. The
  Company does not expect these costs to have a material impact on its operations
  or financial condition.
  
  
                                         14
  <PAGE>
                                   PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
                                      CONTINUED
  
  Forward Looking Statements
  
  Statements included in this Report on Form 10-Q, including within this
  Management's Discussion and Analysis of Financial Condition and Results of
  Operations which are not historical in nature, are intended to be, and hereby
  are identified as "forward looking statements" for purposes of the safe harbor
  provided by the Private Securities Litigation Reform Act of 1995. The Company
  cautions readers that forward looking statements including without limitation
  those relating to the Company's future business prospects, revenues, working
  capital, liquidity, capital needs, interest costs and income are subject to
  certain risks and uncertainties that could cause actual results to differ
  materially from those indicated in the forward looking statements due to several
  important factors identified from time to time in the Company's reports filed
  with the Securities and Exchange Commission (the "SEC"). The Company hereby
  incorporates by reference the discussion concerning forward looking statements
  set forth in the Management's Discussion and Analysis of Financial Condition and
  Results of Operations section of the Company's Annual Report on Form 10-K for
  the year ended December 31, 1998 filed with the SEC, as well as the risk factors
  identified within the same Annual Report on Form 10-K. Readers of this Report
  are cautioned not to place undue reliance upon these forward looking statements,
  which speak only as of the date hereof. The Company undertakes no obligation to
  publicly release any revisions to these forward looking statements or reflect
  events or circumstances after the date hereof.
  
  The Company believes that its interest risk associated with the Swap Agreements
  (See Note C to the Condensed Consolidated Financial Statements) would have an
  immaterial impact on the financial position, the results of operations and
  cashflow of the Company. Furthermore, the Company has international operations
  and does not anticipate any material currency risk to its business or financial
  condition resulting from currency fluctuations.
  
  
  
  
  
  
                                         15
  <PAGE>
                             PART II - OTHER INFORMATION
  
  Items 1, 2, 3, 4 and 5 were not applicable in the nine months ended September
  30, 1999.
  
  Item 6.   Exhibits and Reports on Form 8-K
  
              a. Exhibits:
  
                    27      - Financial Data Schedule *
  
              b. No reports on Form 8-K were filed during the period for which
                 this Report is filed.
  
  
           *  - Filed in electronic form only.
  
  
                                     SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this Report to be signed on its behalf by the
  undersigned, thereunto duly authorized.
  
  RIGHT MANAGEMENT CONSULTANTS, INC.
  
                    BY:/S/ RICHARD J. PINOLA                    November 15, 1999
                      ------------------------                  -----------------
                    Richard J. Pinola                                  Date
                    Chairman of the Board and Chief Executive Officer
  
  
                    BY:/S/ CHARLES J. MALLON                    November 15, 1999
                      ------------------------                  -----------------
                    Charles J. Mallon                                  Date
                    Chief Financial Officer and
                    Principal Accounting Officer
  
  
                                         16
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text: FORM 10-Q
  
                  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C. 20549
  
  (X)      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
           OF THE SECURITIES EXCHANGE ACT OF 1934
  
           For the quarterly period ended September 30, 1999
  
                                              OR
  
  ( )      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
           OF THE SECURITIES AND EXCHANGE ACT OF 1934
  
           For the transition period from ___________ to ___________
  
                           Commission File Number 0-15539
  
                         RIGHT MANAGEMENT CONSULTANTS, INC.
                         ----------------------------------
               (Exact name of registrant as specified in its charter)
  
            Pennsylvania                                23-2153729
  -------------------------------                 -------------------
  (State of other jurisdiction of                   (IRS Employer
   incorporation of organization)                 Identification No.)
  
      1818 Market Street, Philadelphia, Pennsylvania                   19103
      ----------------------------------------------                ----------
         (Address of principal executive offices)                   (Zip Code)
  
           Registrant's telephone number, including area code:  (215) 988-1588
  
           Indicate by check mark whether the registrant: (1) has filed all
           reports required to be filed by Section 13 or 15(d) of the Securities
           Exchange Act of 1934 during the preceding 12 months (or for such
           shorter period that the registrant was required to file such reports),
           and (2) has been subject to such filing requirements for the past 90
           days.
  
                        Yes       X                        No
  
           Indicate the number of shares outstanding of each of the issuer's
           classes of common stock as of October 31, 1999:
  
           Common Stock, $0.01 par value                      5,858,491
           -----------------------------                --------------------
                        Class                             Number of Shares
  Right Management Consultants, Inc.
                                         Condensed Consolidated Balance Sheets
                                        (Dollars in Thousands Except Share Data)
  September 30,   December 31,
                                                                                            1999             1998
                                                                                         ---------         ---------
                                                                                        (Unaudited)
                                                        Assets
  
         Current Assets:
         Cash and cash equivalents                                                       $   9,567         $  20,800
         Accounts receivable, trade, net of allowance for doubtful accounts
             of $1,326 and $1,066 in 1999 and 1998, respectively                            31,344            33,271
         Royalties and fees receivable from Affiliates                                       2,890             3,809
         Other current assets                                                                4,499             3,004
                                                                                         ---------         ---------
                Total current assets                                                        48,300            60,884
  
         Property and equipment, net of accumulated depreciation of $27,983
            and $22,086 in 1999 and 1998, respectively                                      18,151            15,983
  
         Intangible assets, net of accumulated amortization of $10,671 and
             $8,114 in 1999 and 1998, respectively                                          43,223            33,947
         Equity Investment                                                                   1,950                --
         Other noncurrent assets                                                             4,028             3,781
                                                                                         ---------         ---------
                Total Assets                                                             $ 115,652         $ 114,595
                                                                                         =========         =========
  
                                         Liabilities and Shareholders' Equity
  
         Current Liabilities:
         Current portion of long-term debt and other obligations                         $   4,464         $   5,124
         Accounts and commissions payable                                                    8,894            10,086
         Accrued incentive compensation and benefits                                         8,850            15,490
         Other accrued expenses                                                              6,826             8,191
         Deferred income                                                                     8,979             6,712
                                                                                         ---------         ---------
                Total current liabilities                                                   38,013            45,603
                                                                                         ---------         ---------
  
         Long-term debt and other obligations                                               14,699             9,065
                                                                                         ---------         ---------
  
         Deferred compensation                                                               1,982             1,785
                                                                                         ---------         ---------
  
         Minority interest in subsidiaries                                                   1,540             1,324
                                                                                         ---------         ---------
  
         Shareholders' Equity:
         Preferred stock, no par value; 1,000,000 shares authorized; no
             shares issued or outstanding                                                       --                --
         Common stock, $.01 par value; 20,000,000 shares authorized;
             7,340,856 and 7,255,765 shares issued in 1999 and 1998, respectively               73                72
         Additional paid-in capital                                                         17,691            16,448
         Retained earnings                                                                  51,345            44,970
         Accumulated other comprehensive income                                               (503)             (727)
                                                                                         ---------         ---------
                                                                                            68,606            60,763
         Less treasury stock, at cost, 910,952 and 547,952 shares
             in 1999 and 1998, respectively                                                 (9,188)           (3,945)
                                                                                         ---------         ---------
                Total shareholders' equity                                                  59,418            56,818
                                                                                         ---------         ---------
                Total Liabilities and Shareholders' Equity                               $ 115,652         $ 114,595
                                                                                         =========         =========
  
                             The accompanying notes are an integral part of these condensed
                                          consolidated financial statements.
  
                                                           1
  Right Management Consultants, Inc.
                       Condensed Consolidated Statements of Income
            (Dollars and Shares in Thousands Except Earnings per Share Data)
                                       (Unaudited)
  Three Months Ended September 30,
  
                                                                 1999           1998
                                                               -------        -------
  
  Revenue:
  Company office revenue                                       $41,318        $39,895
  Affiliate royalties                                            1,130          1,039
                                                               -------        -------
  
  Total revenue                                                 42,448         40,934
                                                               -------        -------
  
  Expenses:
  Consultants' compensation                                     16,851         17,265
  Office sales and consulting support                            3,086          2,641
  Office depreciation                                            1,304          1,054
  Office administration                                         13,480         13,036
  General sales and administration                               3,108          3,077
  Depreciation and amortization                                  1,551          1,009
                                                               -------        -------
  
  Total expenses                                                39,380         38,082
                                                               -------        -------
  
  Income from operations                                         3,068          2,852
  
  Net interest expense                                             137            206
                                                               -------        -------
  
  Income before income taxes                                     2,931          2,646
  
  Provision for income taxes                                     1,246          1,138
  
  Minority interest in net income of subsidiary                      8            191
  
  Equity in earnings of minority-owned subsidiary                  130             --
                                                               -------        -------
  
  Net income                                                   $ 1,807        $ 1,317
                                                               =======        =======
  
  Basic earnings per share                                     $  0.28        $  0.20
                                                               =======        =======
  
  Diluted earnings per share                                   $  0.27        $  0.20
                                                               =======        =======
  
  Basic weighted average number of shares outstanding            6,535          6,640
                                                               =======        =======
  
  Diluted weighted average number of shares outstanding          6,583          6,721
                                                               =======        =======
  The accompanying notes are an integral part of these
                      condensed consolidated financial statements.
  
                                           2
  Right Management Consultants, Inc.
                       Condensed Consolidated Statements of Income
            (Dollars and Shares in Thousands Except Earnings per Share Data)
                                       (Unaudited)
  Nine Months Ended September 30,
  
                                                                 1999            1998
                                                               --------        --------
  Revenue:
  Company office revenue                                       $130,674        $116,930
  Affiliate royalties                                             3,364           3,082
                                                               --------        --------
  
  Total revenue                                                 134,038         120,012
                                                               --------        --------
  
  Expenses:
  Consultants' compensation                                      52,965          49,362
  Office sales and consulting support                             9,537           7,316
  Office depreciation                                             3,730           2,945
  Office administration                                          41,844          38,041
  General sales and administration                               10,790          10,453
  Depreciation and amortization                                   3,859           2,928
                                                               --------        --------
  
  Total expenses                                                122,725         111,045
                                                               --------        --------
  
  Income from operations                                         11,313           8,967
  
  Net interest expense                                              332             600
                                                               --------        --------
  
  Income before income taxes                                     10,981           8,367
  
  Provision for income taxes                                      4,710           3,571
  
  Minority interest in net income of subsidiary                     166             340
  
  Equity in earnings of minority-owned subsidiary                   270              --
                                                               --------        --------
  
  Net income                                                   $  6,375        $  4,456
                                                               ========        ========
  
  Basic earnings per share                                     $   0.96        $   0.67
                                                               ========        ========
  
  Diluted earnings per share                                   $   0.95        $   0.66
                                                               ========        ========
  
  Basic weighted average number of shares outstanding             6,628           6,678
                                                               ========        ========
  
  Diluted weighted average number of shares outstanding           6,709           6,763
                                                               ========        ========
  The accompanying notes are an integral part of these
                      condensed consolidated financial statements.
  
                                           3
  Right Management Consultants, Inc.
                       Condensed Consolidated Statements of Cash Flows
                                   (Dollars in Thousands)
                                         (Unaudited)
  Nine Months Ended September 30,
  
                                                                  1999             1998
                                                                --------         --------
  
  Operating Activities:
    Net income                                                  $  6,375         $  4,456
    Adjustments to reconcile net income to net cash
      provided by (utilized for) operating activities:
        Depreciation and amortization                              7,589            5,873
        Deferred income taxes                                       (268)             423
        Provision for doubtful accounts                              385              320
        Minority interest in net income of subsidiary                216              340
        Equity in earnings of minority-owned subsidiary             (270)              --
        Other non-cash items                                         355              414
        Changes in operating accounts:
            (Increase) decrease in operating assets                3,311          (13,895)
            Increase (decrease) in operating liabilities          (9,614)          12,830
                                                                --------         --------
  
    Net cash provided by operating activities                      8,079           10,761
                                                                --------         --------
  
  Investing Activities:
    Purchase of property and equipment                            (6,857)          (4,589)
    Equity Investment                                             (1,680)              --
    Net cash paid for acquisitions and earnouts                  (11,672)          (6,180)
                                                                --------         --------
  
    Net cash utilized for investing activities                   (20,209)         (10,769)
                                                                --------         --------
  
  Financing Activities:
    Borrowings                                                     8,834            5,900
    Payment of long-term debt and other obligations               (3,938)          (3,694)
    Tax benefit from the exercise of stock options                    66               --
    Repurchase of Common Stock                                    (5,243)          (1,935)
    Proceeds from stock issuances                                  1,178              382
                                                                --------         --------
  
    Net cash provided by financing activities                        897              653
                                                                --------         --------
  
  Increase (decrease) in cash and cash equivalents               (11,233)             645
  
  Cash and cash equivalents, beginning of period                  20,800            7,583
                                                                --------         --------
  
  Cash and cash equivalents, end of period                      $  9,567         $  8,228
                                                                ========         ========
  
  Supplemental Disclosures of Cash Flow Information
    Cash paid for:
  
       Interest                                                 $    895         $    855
                                                                ========         ========
  
       Income taxes                                             $  5,056         $  2,245
                                                                ========         ========
  The accompanying notes are an integral part of these
                        condensed consolidated financial statements.
  
                                              4
  RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  
  Basis of Presentation
  
  The accompanying unaudited condensed consolidated financial statements have been
  prepared in accordance with generally accepted accounting principles for interim
  financial information and the instructions to Form 10-Q and Rule 10-01 of
  Regulation S-X. Accordingly, they do not include all of the information and
  footnote disclosures necessary for a fair presentation of consolidated financial
  position, results of operations and cash flows in conformity with generally
  accepted accounting principles. In the opinion of management, all adjustments
  (consisting of normal recurring adjustments) considered necessary for a fair
  presentation have been included. Operating results for the nine months ended
  September 30, 1999 are not necessarily indicative of the results that may be
  expected for the year ending December 31, 1999. For further information, refer
  to the financial statements and footnotes thereto included in Right Management
  Consultants Inc.'s Annual Report on Form 10-K for the year ended December 31,
  1998.
  
  Principles of Consolidation
  
  The consolidated financial statements include the accounts of Right Management
  Consultants, Inc. (the "Company") and its wholly-owned and majority-owned
  subsidiaries. All significant intercompany transactions and balances have been
  eliminated in consolidation. The Company's investment in a minority-owned
  subsidiary, in which it owns a 20% interest, is accounted for using the equity
  method.
  
  Comprehensive Income
  
  Comprehensive income is defined as net income plus revenues, expenses, gains and
  losses that, under generally accepted accounting principles, are excluded from
  net income. The Company's comprehensive income includes net income and
  unrealized gains and losses from foreign currency translation adjustments. The
  earnings associated with the Company's investment in its foreign subsidiaries
  are considered to be permanently invested and no provision for U.S. federal and
  state income taxes has been provided for on these foreign currency translation
  adjustments. Total comprehensive income for the three months ended September 30,
  1999 and 1998 was $1,973,000 and $1,258,000, respectively. Total comprehensive
  income for the nine months ended September 30, 1999 and 1998 was $6,600,000 and
  $4,239,000, respectively.
  
  Reclassifications
  
  Certain 1998 amounts have been reclassified to conform to the 1999 presentation.
  
                                         5
  RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE B - ACQUISITIONS AND INVESTMENTS
  
  Effective January 1, 1999, the Company acquired the outstanding stock of two
  European consulting firms and one European career transition firm for a
  combination of cash and future defined contingent payments. The firms included
  Groupe ARJ, with offices in Lyon and Paris France, Jouret Management Center,
  based in Brussels, Belgium, and N.V. Claessens Belgium, S.A., with four offices
  in Belgium.
  
  Effective August 1, 1999 the Company acquired the assets of Transition
  Management, Inc., a career transition firm with offices in Salt Lake City and
  Ogden, Utah, for a combination of cash and future defined contingent payments.
  Also effective August 1, 1999, the Company acquired the outstanding stock of the
  consulting firm Key Management Strategies, located in Philadelphia,
  Pennsylvania, for a combination of cash and future defined contingent payments.
  
  Effective September 1, 1999, the Company acquired the outstanding stock of
  Mainstream Access Corporation, a career transition firm with offices in eleven
  cities throughout Canada.
  
  Effective September 30, 1999, the Company acquired an additional interest in
  Davidson & Associates, a career transition firm with offices throughout
  Australia, New Zealand, Singapore and Hong Kong, increasing its total ownership
  from 51% to 64%.
  
  The aggregate purchase price for these acquisitions totaled approximately
  $10,530,000, including costs of acquisitions and have been accounted for using
  the purchase method. The Company has funded $8,400,000 of these acquisitions
  through borrowings under the Credit Agreement (See Note C). The Company acquired
  $1,246,000 in cash from these acquisitions resulting in net cash paid
  year-to-date of approximately $9,284,000, including costs of acquisitions.
  
  On a year-to-date basis, the Company paid approximately $2,388,000 in earnout
  payments related to acquisitions made in prior years.
  
  Effective April 1, 1999, the Company acquired a 20% equity interest in Way
  Station, Inc., a leading career transition consulting firm in Japan, with
  offices in eight cities throughout Japan. The purchase price of this interest
  approximated $1,680,000, which was paid in cash, and has been accounted for
  using the equity method. At September 30, 1999 the total equity investment in
  Way Station was $1,950,000, including the excess of the cost of the investment
  over the underlying equity acquired, which excess amount will be amortized over
  a period of 15 years. There were no intercompany transactions made with Way
  Station during the second or third quarters in 1999. The equity in earnings of
  Way Station was recorded net of tax, and is reflected in the accompanying
  Condensed Consolidated Statements of Income.
  
  The unaudited pro-forma results of operations for each of the two periods ended
  September 30, 1998 and 1999, reflecting the combined results of the Company and
  the acquisitions detailed above as if the acquisitions had occurred at January
  1, 1998 and 1999, excluding the additional interest in Davidson and Associates,
  acquired effective September 30, 1999, are presented as follows:
  
                                         6
  RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE B - ACQUISITIONS AND INVESTMENTS (Continued)
  
                                        (Dollars in Thousands)
                                         1999             1998
  
  Revenues                            $137,868          $129,912
                                      ========          ========
  
  Income before income taxes          $ 10,312          $  8,838
                                      ========          ========
  
  Net Income                          $  6,117          $  4,926
                                      ========          ========
  
  Diluted earnings per share          $   0.91          $   0.73
                                      ========          ========
  
  NOTE C - DEBT AND OTHER OBLIGATIONS
  
  As of September 30, 1999, total borrowings under the Company's Credit Agreement
  amounted to $18,142,000. This includes the $8,400,000 floating rate borrowing
  for certain acquisitions made during 1999 (See Note B). Subsequent to September
  30, 1999, the Company borrowed $6,500,000 for the purchase of shares of its
  Common Stock (See Note F). The Company pays a floating interest rate on this
  borrowing which approximated 6.27% at October 31, 1999.
  
  As of September 30, 1999, the Company had entered into five fixed interest rate
  swap agreements ("Swap Agreements") with an aggregate notional principal of
  $9,742,000 with scheduled quarterly reductions of notional principal over three
  to five years. The fixed interest rates under these Swap Agreements range from
  6.06% to 6.27% at September 30, 1999. Subsequent to September 30, 1999, the
  Company entered into another interest rate swap agreement for the total
  $8,400,000 floating rate borrowing with a four-year maturity and a 6.35% fixed
  rate. The purpose of these Swap Agreements is to fix interest rates on variable
  rate debt and reduce exposure to interest rate fluctuations. Under these Swap
  Agreements, the Company pays its lenders interest at a weighted average fixed
  rate of 6.58% and its lenders are paying the Company interest at a weighted
  average variable rate of 6.09% at September 30, 1999. The notional amounts do
  not represent amounts exchanged by the parties and thus are not a measure of
  exposure of the Company. The amounts exchanged are normally based on the
  notional amounts and other terms of the swaps. The weighted average variable
  rates are subject to change over time as LIBOR fluctuates.
  
  At September 30, 1999, the Company has no exposure to credit loss on these
  interest rate swaps. The Company is not a party to leveraged derivatives and
  does not hold or issue financial instruments for speculative purposes. The
  Company has made adjustments to interest expense for the net cash paid or
  received on interest rate swap agreements. The impact of the above interest rate
  swap agreements on interest expense has been immaterial to date.
  
                                         7
  RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE D - EARNINGS PER SHARE
  
  The Company utilizes SFAS No. 128, "Earnings per Share" to calculate its
  earnings per share ("EPS"). The calculation of EPS under SFAS No. 128 for
  September 30, 1999 and 1998 are detailed below.
  For the three months                              For the nine months
                                           ended September 30, 1999                        ended September 30, 1999
                                          ------------------------                        ------------------------
                                       Income           Shares        EPS              Income           Shares         EPS
                                       ------           ------        ---              ------           ------         ---
      Basic EPS:
      Net income                        $1,807,000       6,535,000     $0.28            $6,375,000       6,628,000      $0.96
                                                                       =====                                            =====
      Impact of options                        ---          48,000                             ---          81,000
                                        ----------       ---------                      ----------       ---------
  
      Diluted EPS:
      Net income                        $1,807,000       6,583,000     $0.27            $6,375,000       6,709,000      $0.95
                                        ==========       =========     =====            ==========       =========      =====
  
                                            For the three months                              For the nine months
                                           ended September 30, 1998                        ended September 30, 1998
                                          ------------------------                        ------------------------
                                       Income           Shares        EPS              Income           Shares         EPS
                                       ------           ------        ---              ------           ------         ---
      Basic EPS:
      Net income                        $1,317,000       6,640,000     $0.20            $4,456,000       6,678,000      $0.67
                                                                       =====                                            =====
      Impact of options                        ---          81,000                             ---          85,000
                                        ----------       ---------                      ----------       ---------
  
      Diluted EPS:
      Net income                        $1,317,000       6,721,000     $0.20            $4,456,000       6,763,000      $0.66
                                        ==========       =========     =====            ==========       =========      =====
  For the three months ended September 30, 1999, outstanding options to purchase
  1,049,650 shares of Company Common Stock at prices ranging from $14.00 to $24.33
  per share were excluded from the computation of diluted EPS, as the options'
  exercise price was greater than the average market price of the Common Stock.
  For the nine months ended September 30, 1999, outstanding options to purchase
  471,012 shares of Company Common Stock at prices ranging from $15.44 to $24.33
  per share were excluded from the computation of diluted EPS, as the options'
  exercise price was greater than the average market price of the Common Stock.
  
  NOTE E - SEGMENTS
  
  In June 1997, SFAS No. 131, "Disclosures about Segments of an Enterprise and
  Related Information," was issued effective for fiscal years ending after
  December 15, 1998. SFAS No. 131 establishes standards for reporting information
  about operating segments and related disclosures about products and services,
  geographic areas, and major customers. Operating segments are defined as
  components of an enterprise about which separate financial information is
  available that is evaluated regularly by the chief operating decision maker in
  deciding how to allocate resources and in assessing performance.
  
                                         8
  RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE E - SEGMENTS (Continued)
  
  The Company's operations are segregated into two lines of business: career
  transition and human resources and career management consulting ("consulting").
  The Company operates these lines of business across the geographic segments of
  the United States, Canada, Europe and Asia- Pacific. These operations offer
  different services and require different marketing strategies. Career transition
  offers support for organizations separating employees, including assistance in
  handling the initial difficulties of termination, identifying continuing career
  goals and options, and aiding in developing skills for the search for a new job.
  Consulting offers organizational and individual assessment, change management
  and transformation planning, leadership development and executive coaching,
  cultural integration in mergers and acquisitions, career development, and
  workforce redeployment and retention. With more than 200 service locations
  worldwide, the Company manages operations by geographic segments to enhance
  global growth and establish major accounts with global clients. The Company
  primarily delivers its services to mid-size and large industrial and service
  companies, with no concentration in specific companies or industries.
  
  Summarized operations of each of the Company's geographic segments in the
  aggregate as of September 30, 1999 and 1998 and for the three and nine month
  periods then ended are as follows:
  (Dollars in Thousands)
  1999                         United States     Canada       Europe        Asia-Pacific     Consolidated
                               -------------    --------     --------       ------------     ------------
  Identifiable assets            $ 82,246       $ 9,700      $ 17,890         $ 5,816          $ 115,652
                                 ========       =======      ========         =======          =========
  
  1998
  Identifiable assets              80,656         6,350         8,343           4,969            100,318
                                 ========       =======      ========         =======          =========
  
  For the three months ended
  September 30, 1999
  Revenue                          31,607         2,640         4,617           3,584             42,448
                                 ========       =======      ========         =======          =========
  
  Operating income (1)              2,430           679           (65)             24              3,068
                                 ========       =======      ========         =======          =========
  
  Depreciation and amortization     2,490            68           109             188              2,855
                                 ========       =======      ========         =======          =========
  
  Capital expenditures              1,887            29           158             115              2,189
                                 ========       =======      ========         =======          =========
  (1)  The operating income reported for the United States segment includes total
       general sales and administration and depreciation and amortization expenses
       ("G & A expenses"), reported on the Condensed Consolidated Statements of
       Income.
  9
  RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  NOTE E - SEGMENTS (Continued)
                                                                        (Dollars in Thousands)
                                    United States      Canada           Europe       Asia-Pacific     Consolidated
                                    -------------     --------         --------      ------------     ------------
  For the three months ended
  September 30, 1998
  Revenue                              $ 31,288        $  2,144        $  3,748         $  3,754        $ 40,934
                                       ========        ========        ========         ========        ========
  
  Operating income (1)                    1,455             163             444              790           2,852
                                       ========        ========        ========         ========        ========
  
  Depreciation and amortization           1,639             126             141              157           2,063
                                       ========        ========        ========         ========        ========
  
  Capital expenditures                    1,044              40             (46)             273           1,311
                                       ========        ========        ========         ========        ========
  
  For the nine months ended
  September 30, 1999
  Revenue                               100,519           7,484          15,450           10,585         134,038
                                       ========        ========        ========         ========        ========
  
  Operating income (1)                    8,162           1,409           1,122              620          11,313
                                       ========        ========        ========         ========        ========
  
  Depreciation and amortization           6,531             209             332              517           7,589
                                       ========        ========        ========         ========        ========
  
  Capital expenditures                    5,652             136             293              776           6,857
                                       ========        ========        ========         ========        ========
  
  For the nine months ended
  September 30, 1998
  Revenue                                91,811           7,280          10,768           10,153         120,012
                                       ========        ========        ========         ========        ========
  
  Operating income (1)                    5,225             976           1,520            1,246           8,967
                                       ========        ========        ========         ========        ========
  
  Depreciation and amortization           4,644             390             376              463           5,873
                                       ========        ========        ========         ========        ========
  
  Capital expenditures                    3,674             183             107              625           4,589
                                       ========        ========        ========         ========        ========
  (1)  The operating income reported for the United States segment includes total
       G & A expenses reported on the Condensed Consolidated Statements of Income.
  Revenues and expenses of the Company's lines of business for the Company
  offices, excluding the total general sales and administration and depreciation
  and amortization expenses ("G & A expenses"), and Affiliate royalties, are
  evaluated by management. The Company does not measure assets by lines of
  business as assets are generally not distinctive to a particular line of
  business and they are not fundamental in assessing segment performance. Revenue
  and Company office operating income for each of the Company's lines of business
  in the aggregate for the three and nine months ended September 30, 1999 and 1998
  are as follows:
  
                                         10
  RIGHT MANAGEMENT CONSULTANTS, INC.
                NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)
  
  NOTE E - SEGMENTS (Continued)
  For the three months                            For the nine months
                                    ended September 30,                            ended September 30,
                             Career                                           Career
                           Transition   Consulting   Consolidated           Transition   Consulting   Consolidated
  1999
  Company office
       revenue              $ 34,801     $  6,517     $ 41,318               $111,221     $ 19,453     $130,674
                            ========     ========     ========               ========     ========     ========
  
  Company office
       operating income     $  6,104     $    493     $  6,597               $ 21,355     $  1,243     $ 22,598
                            ========     ========     ========               ========     ========     ========
  
  1998
  Company office
       revenue              $ 34,117     $  5,778     $ 39,895               $ 98,115     $ 18,815     $116,930
                            ========     ========     ========               ========     ========     ========
  
  Company office
       operating income     $  5,535     $    364     $  5,899               $ 16,246     $  3,020     $ 19,266
                            ========     ========     ========               ========     ========     ========
  NOTE F - SHAREHOLDERS' EQUITY
  
  In March 1997, the Board of Directors (the "Board") approved a stock repurchase
  program under which the Company was authorized to repurchase up to 10% of its
  then outstanding Common Stock, or 658,628 shares. Shares repurchased are held as
  treasury shares and are available to the Company for any use in various benefit
  plans and, when authorized by the Board, for other general corporate purposes.
  The Board authorized Company management to pursue the repurchase program in open
  market transactions from time-to-time, depending upon market conditions and
  other factors. In September 1999, the Board expanded the stock repurchase
  program, authorizing the Company to repurchase an additional 10% of its then
  outstanding Common Stock, or 642,990 shares.
  
  During 1998 and 1997, the Company repurchased a total of 295,000 shares of
  Common Stock at an aggregate purchase price of approximately $3,428,000, or
  $11.62 per share.
  
  During the nine months ended September 30, 1999, the Company repurchased 363,000
  shares of Common Stock at an aggregate purchase price of approximately
  $5,243,000, or $14.44 per share.
  
  During October 1999, the Company repurchased 583,600 shares of Common Stock at
  an aggregate purchase price of approximately $6,905,000, or $11.83 per share.
  The Company borrowed $6,500,000 to fund the share repurchase (See Note C).
  
  As of October 1999, the Company has repurchased a total of 1,241,600 shares of
  Common Stock at an aggregate purchase price of approximately $15,576,000, or
  $12.55 per share, under this stock repurchase program.
  
                                         11
  PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
  
  Results of Operations
  
  For the three months ended September 30, 1999, revenue generated by Company
  offices increased by 4% or $1,423,000 from the corresponding quarter in 1998.
  This increase is due to $2,256,000 in incremental revenues from acquisitions
  detailed in Note B to the Condensed Consolidated Financial Statements, partly
  offset by a same office revenue decrease of approximately 2% or $833,000. The
  same office revenue decrease was primarily due to a decline in the consulting
  line of business.
  
  For the three months ended September 30, 1999, revenue generated by Company
  offices within the career transition line of business increased by 2% or
  $684,000. This career transition revenue increase is due to $868,000 in
  incremental revenues from acquisitions, partly offset by a same office revenue
  decrease of approximately 1% or $184,000.
  
  For the three months ended September 30, 1999, revenue generated by Company
  offices within the consulting line of business increased by 13% or $739,000.
  This increase in consulting revenues is due to $1,388,000 in incremental
  revenues from acquisitions, offset by a same office revenue decrease of 11% or
  $649,000.
  
  For the nine months ended September 30, 1999, revenue generated by Company
  offices increased by 12% or $13,744,000 from the corresponding period in 1998.
  This increase is due to overall same office revenue growth of 6%, primarily
  within the career transition line of business in addition to $6,703,000 in
  incremental revenues from acquisitions consummated subsequent to the third
  quarter 1998.
  
  For both the three and nine months ended September 30, 1999, Affiliate royalties
  increased 9% from the corresponding periods in 1998.
  
  For the three months ended September 30, 1999, total Company office expenses
  increased 2% or $725,000 over the corresponding quarter in 1998. This increase
  is due to $2,205,000 in incremental costs from acquisitions consummated
  subsequent to the third quarter 1998, offset by a decrease in salaries for
  delivery personnel, foreign correspondents and career center staff, as well as a
  decrease in office level incentive compensation expense.
  
  For the nine months ended September 30, 1999, total Company office expenses
  increased 11% or $10,412,000 from the corresponding period in 1998. This
  increase is due to $6,226,000 in incremental costs from acquisitions consummated
  subsequent to the third quarter 1998, as well as an increase in depreciation.
  
  Aggregate Company office margins were 16% and 15% for the third quarter 1999 and
  1998, respectively. This increase in margin is attributable to the previously
  mentioned increase in Company office revenue, in addition to a decrease in same
  office costs and incentive compensation expense.
  
                                         12
  PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
                                      CONTINUED
  
  Year-to-date aggregate Company office margins were 17% and 16% for 1999 and
  1998, respectively. The increase in margin is attributable primarily to the
  previously mentioned revenue growth.
  
  For the three months ended September 30, 1999, G & A expenses increased by 14%
  or $573,000 from the third quarter 1998. This increase is due primarily to an
  increase in charges for amortization and depreciation. General sales and
  administrative expenses as a percentage of total revenues were approximately 11%
  for the third quarter 1999 versus 10% for the third quarter 1998.
  
  For the nine months ended September 30, 1999, G & A expenses increased 9% or
  $1,268,000 from the corresponding period in 1998. This increase is due to
  increased charges for foreign currency translation expense, amortization and
  depreciation, and incentives. G & A expenses as a percentage of total revenues
  were approximately 11% for year-to-date 1999 and 1998.
  
  The Company's effective tax rates for the three and nine-month periods ended
  September 30, 1999 and 1998 ranged between approximately 42.5% and 43.0%.
  
  Capital Resources and Liquidity
  
  At September 30, 1999 and December 31, 1998, the Company had cash and cash
  equivalents of $9,567,000 and $20,800,000, respectively. At September 30, 1999
  and December 31, 1998, the Company had working capital of $10,287,000 and
  $15,281,000, respectively.
  
  Net cash provided by operating activities amounted to $8,079,000 and $10,761,000
  for the nine months ended September 30, 1999 and 1998, respectively. The
  reduction in cash is the result of incremental incentive compensation payments
  made in the first quarter 1999 due to the Company exceeding revenue and
  operating income targets in 1998, as compared to the same period in the prior
  year.
  
  Net cash utilized for investing activities amounted to $20,209,000 and
  $10,769,000 for the nine months ended September 30, 1999 and 1998, respectively.
  During the first nine months of 1999, the Company acquired three career
  transition firms, three consulting firms, a 20% equity interest in a Japanese
  firm, and an additional interest in Davidson and Associates for a combination of
  cash and future defined contingent payments (See Note B to the Condensed
  Consolidated Financial Statements). Additionally, the Company continues to
  purchase equipment and technology to meet the needs of its expanding operations
  and to enhance its operating efficiency.
  
                                         13
  PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
                                      CONTINUED
  
  Net cash provided by financing activities amounted to $897,000 and $653,000 for
  the nine months ended September 30, 1999 and 1998, respectively. The net cash
  inflow for 1999 was primarily the result of the $8,400,000 borrowing made to
  complete certain acquisitions during 1999 (See Note B to the Condensed
  Consolidated Financial Statements), partly offset by repayments on the Company's
  borrowings and the repurchase of Common Stock.
  
  Under its revolving credit facility, the Company has a $40,000,000 borrowing
  capacity. The Company had approximately $16,050,000 available under the
  revolving credit facility at October 31, 1999. The Company plans to utilize the
  revolving credit facility to assist in the financing of future acquisitions as
  they arise and for other general corporate purposes.
  
  The Company anticipates that its cash and working capital will be sufficient to
  service its existing debt, outstanding commitments and to maintain Company
  operations at current levels for the foreseeable future. The Company will
  continue to consider acquisitions and other expansion opportunities as they
  arise, although the economics, strategic implications and other circumstances
  justifying the expansion will be key factors in determining the amount and type
  of resources the Company will commit.
  
  Year 2000
  
  During 1998, the Company completed its evaluation of the potential impact of the
  year 2000 and developed a project plan (the "Y2K Plan") to ensure the compliance
  of its major operating systems by the year 2000. As a service company, the
  Company's operating systems principally include financial and communication
  applications. As part of its Y2K Plan, the Company has developed a replacement
  billing system which began operating in April 1999. The Y2K Plan also details
  the timetable to upgrade or replace non-compliant systems as well as to confirm
  year 2000 compliance with the Company's key vendors. At this time, the Company
  is progressing in accordance with its anticipated timetable with respect to all
  aspects of the Y2K Plan and believes that the potential risks to its business
  operations are not material. As of July 1999, the Company has successfully
  tested all of its critical systems for year 2000 compliance. The Company
  estimates that the total capital expenditures to be incurred under the Y2K Plan
  will be approximately $1,500,000 in 1999, of which approximately $800,000 is
  attributable to systems upgrades or replacements that the Company normally would
  undertake in its ongoing operations. Capitalized items will be depreciated over
  the useful life of the asset. Non-capitalizable costs related to year 2000
  issues are estimated to be $300,000, which will be expensed as incurred. The
  Company does not expect these costs to have a material impact on its operations
  or financial condition.
  
                                         14
  PART I - ITEM 2
                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS
                                      CONTINUED
  
  Forward Looking Statements
  
  Statements included in this Report on Form 10-Q, including within this
  Management's Discussion and Analysis of Financial Condition and Results of
  Operations which are not historical in nature, are intended to be, and hereby
  are identified as "forward looking statements" for purposes of the safe harbor
  provided by the Private Securities Litigation Reform Act of 1995. The Company
  cautions readers that forward looking statements including without limitation
  those relating to the Company's future business prospects, revenues, working
  capital, liquidity, capital needs, interest costs and income are subject to
  certain risks and uncertainties that could cause actual results to differ
  materially from those indicated in the forward looking statements due to several
  important factors identified from time to time in the Company's reports filed
  with the Securities and Exchange Commission (the "SEC"). The Company hereby
  incorporates by reference the discussion concerning forward looking statements
  set forth in the Management's Discussion and Analysis of Financial Condition and
  Results of Operations section of the Company's Annual Report on Form 10-K for
  the year ended December 31, 1998 filed with the SEC, as well as the risk factors
  identified within the same Annual Report on Form 10-K. Readers of this Report
  are cautioned not to place undue reliance upon these forward looking statements,
  which speak only as of the date hereof. The Company undertakes no obligation to
  publicly release any revisions to these forward looking statements or reflect
  events or circumstances after the date hereof.
  
  The Company believes that its interest risk associated with the Swap Agreements
  (See Note C to the Condensed Consolidated Financial Statements) would have an
  immaterial impact on the financial position, the results of operations and
  cashflow of the Company. Furthermore, the Company has international operations
  and does not anticipate any material currency risk to its business or financial
  condition resulting from currency fluctuations.
  
                                         15
  PART II - OTHER INFORMATION
  
  Items 1, 2, 3, 4 and 5 were not applicable in the nine months ended September
  30, 1999.
  
  Item 6.   Exhibits and Reports on Form 8-K
  
              a. Exhibits:
  
                    27      - Financial Data Schedule *
  
              b. No reports on Form 8-K were filed during the period for which
                 this Report is filed.
  
           *  - Filed in electronic form only.
  
                                     SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this Report to be signed on its behalf by the
  undersigned, thereunto duly authorized.
  
  RIGHT MANAGEMENT CONSULTANTS, INC.
  
                    BY:/S/ RICHARD J. PINOLA                    November 15, 1999
                      ------------------------                  -----------------
                    Richard J. Pinola                                  Date
                    Chairman of the Board and Chief Executive Officer
  
                    BY:/S/ CHARLES J. MALLON                    November 15, 1999
                      ------------------------                  -----------------
                    Charles J. Mallon                                  Date
                    Chief Financial Officer and
                    Principal Accounting Officer
  
                                         16