Cost Savings
Cost Savings
Typically, we can save our clients 3% to 4% of their overall contingent workforce (hard cost), however this depends on how tightly the current panel is managed, and the payment terms. Savings are achieved across; hard cost, soft cost and value add at no cost.
Hard cost savings for our clients include:
- Margin tenure reduction (reduction to a payroll margin only, on contractors over 12 months tenure)
- Application of a standardised rate card across role types
- Standardised on-cost (it usually varies and is loaded across different suppliers)
- Standardised margin (& the management and application of this)
- Launch fill at below standardised margin (should our clients choose a Launch consultant to fill a role)
- Daily dollar capped margin on fees (example $100 cap per day)
Soft cost savings for our clients include:
- Increased speed to fill efficiency
- Reduced candidate churn
- Increased candidate mobility (reduction of time for the candidate to be at maximum productivity)
- Reduced hours spent on managing agency quality
- Consolidated invoicing to reduce administration
- Single point of contact for all candidate payroll queries
- On-boarding and off-boarding compliance outsourced
Value add at no cost
Candidate care program to increase candidate engagement
Dedicated Account Manager
VMS / ATS management
Advisory services
24 / 7 reporting built to order
NPS scoring for continuous improvement
WHS Management for contingent workforce