Back to case studies
Project Type:
Rate Card Optimization
Client:
A leading digital financial services company
Sector:
Financial Services
The Issues
- Lack of market data & insight to guide managers and establish correct rates for 2020
- Reliance on MSPs for data – but MSP revenue model rewards higher rates
- Digital-only operation means heavy reliance on recruiting the right contingent workforce talent cost-effectively
- Perceived overspend on some roles, high churn and time to recruit on others
The Solutions
- Brightfield TDX Bulk Tru-Market Valuator to identify target rates
- Uploaded current job titles and locations and compared with corresponding average market rates
- Identified roles where current rate exceeded average market rate based on 50th percentile
.svg)
The Results
- Identified savings opportunity, targeting $6-8M
- Analysis completed within two weeks of membership kick-off
Next Steps
- Perform more extensive cost, quality, and efficiency analysis upon acquisition of VMS data
- Ongoing monitoring of true market rates via Brightfield TDX
How did The Client benefit?
Visibility into market rates despite lack of internal data
Cost savings identified within 2 weeks of membership kick-off
Analysis showed average payments 14% above market rate on 512 role/level/location combinations (in one case 100% above average)
Also identified underpayment on some roles and potential staff churn and recruitment risks
Identified savings opportunity of up to $6-8 million annually
Other Case Studies:
Seeing is believing
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDX Experts.
Seeing is believing
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDX Experts.
