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$50M savings opportunity identified within 100 days
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Project Type:
Unified Workforce Analysis & Classification
Client:
Cisco - Global Fortune 100 Company
Sector:
Information Technology
The Issues
- Known risk of violating tenure policy and co-employment laws in numerous global markets
- High percentage of global SOW spend within total united workforce
- Lack of visibility to drive decision support of when and how to hire CW, SOW or FTE
- Inefficient cost management due to lack of decision support
- Lack of alignment between Business, Finance, HR and Procurement
The Solutions
- TDX Services Procurement module to identify mis-classification costs and risks
- TDX to baseline talent roles and skills to a standard taxonomy
- Workforce mix analysis to understand the cost economics of employee and extended workforce
- TDX to analyze and define rate cards across business units and suppliers
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The Results
- 15 of their 20 most common roles in the region were being paid above-market rates
- On top ten roles, savings of $1.46M (16% of $9.1M) are projected based on market alignment
Next Steps
- CISCO have decided to pursue the savings while expanding Brightfield analysis on a global basis
How did The Client benefit?
Generated tenure reporting highlighting country-specific risks
Identified opportunities for vendor consolidation supporting company policy
Conducted internal and market benchmarking of most common roles
Built business case for expansion into workforce mix analysis and management
Created savings capture plans for internal organizations, including savings opportunities of 10-25%
Savings initiatives are underway leveraging TDX data and analysis
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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 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.
