One of the world’s most admired life assurance companies

Back to case studies
Project Type:
Location Optimization
Client:
One of the world’s most admired life assurance companies
Sector:
Financial Services

The Issues

  • Incomplete talent data
  • Lack of visibility over extended workforce
  • Difficulty attracting and retaining technology talent for some roles
  • Overspend for other roles
  • Lack of clarity about where best to locate staff: HQ, other company locations or remote

The Solutions

  • Extracted the company’s talent data from VMS, cleaned it, and entered into Brightfield TDX
  • Leveraged Brightfield TDX Labor Basket Analyzer to compare the company’s rates data with market norms
  • Identified job roles above market rate with the highest headcount
  • Identified best locations to attract talent at optimum rate between HQ, suburban locations, New York, remote working etc.

The Results

  • Identified savings opportunity, targeting $4-5M on top 6 roles
  • Improved visibility into true market rates based on role & location

Next Steps

  • Client is on a multiyear digital transformation journey
  • Provided a new lever to build a flexible and cost-effective digital workforce based on true market rates

How did The Client benefit?

Provided insight into pay rates for all the positions across all locations in the United States

Provided insight into pay rates for all the positions across all locations in the United States

Visibility into the low, mid and high bill rates for all locations

Visibility into the low, mid and high bill rates for all locations

Identified savings opportunity of up to $4-5 million based on staff relocation of top 6 headcount roles

Identified savings opportunity of up to $4-5 million based on staff relocation of top 6 headcount roles

Updated rate cards based on various factors to reflect market averages

Updated rate cards based on various factors to reflect market averages

Offered a new lever for achieving the objective to build a flexible and cost-effective workforce

Offered a new lever for achieving the objective to build a flexible and cost-effective workforce

Also identified underpayment on some roles, highlighting performance risks

Also identified underpayment on some roles, highlighting performance risks

Other Case Studies:

Illumina

Global contingent workforce transformation action plan

Learn more

General Mills

The best workforce strategy for the future

Learn more

Cisco

$50M savings opportunity identified within 100 days

Learn more

3M

Simplified supplier landscape by 75%

Learn more

Illumina

Global contingent workforce transformation action plan

Learn more

General Mills

The best workforce strategy for the future

Learn more

Cisco

$50M savings opportunity identified within 100 days

Learn more

3M

Simplified supplier landscape by 75%

Learn more

Illumina

Global contingent workforce transformation action plan

Learn more

Cisco

$50M savings opportunity identified within 100 days

Learn more

General Mills

The best workforce strategy for the future

Learn more

3M

Simplified supplier landscape by 75%

Learn more

Seeing is believing

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

Request a demo
Workforce AnalyticsContingent Workers
Workforce Management