Contingent Workforce Cost-Savings Options

The calculator below will help you estimate the approximate magnitude of several key cost-savings options related to your company’s contingent workforce.

Overview of this Calculator

This calculator covers six key near/medium-term cost-savings opportunities. Mouse over the information icon on each cost-savings option for more detail. Please input your company’s total contingent workforce spend (annualized), and use the sliders to change the calculator’s assumptions and model a variety of scenarios for your company. Of course, the exact combination of approaches to pursue (what is both feasible and/or most attractive) depends on each company’s specific situation. The calculator does not double-count any savings.

To discuss your results, please contact us.

Immediate Contingent Workforce Cost-Savings Actions

  • Benchmark rate cards against current market rates (by location, role, skills, level, etc.) to identify where paying materially over-market
  • Reduce mark-ups paid to suppliers for non-value-adding activities
  • Reduce non-employee overtime hours and mark-up premia
  • Consider targeted furloughs
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Seeing is believing

Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDXperts.

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