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Delivering contingent workforce cost savings with Resource Augmentation
Efficiently sourcing and managing contingent workers with Robert Walters’ Resource Augmentation solution
Case study
Our client is one of the global financial services and asset management groups. They manage over $2 trillion in total assets and benefits over 10 million customers in-region and beyond, supported by almost 12,000 employees.
- Service: Resource Augmentation
- Industry: Financial services
- Size: 11k+ employees
A Resource Augmentation success story:
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$1.4m
cost savings per annum versus standard contractor rates
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23%
savings versus average rate card
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72 hours
how long it took for first CVs to reach client upon go-live
The challenge
Our client needed to secure 25 non-permanent workers, however, IR35 assessments and the requirement for status determination records significantly increased costs and time to hire. The project demanded flexibility, making permanent staff unsuitable and expensive.
Setting up the partnership
We quickly identified our client needed to reduce their contingent worker spend across their projects and programme delivery teams, including Senior Project Managers, Business Analysts, and PMOs. The requirements for this project were quickly defined - cost savings were crucial, but not at the expense of high standards or speed.
The solution
Our Consultancy team proposed an adaptable Resource Augmentation model where individuals are employed, assessed, trained and vetted by us, and then deployed to our clients when and where required. Balancing all the benefits of external consultants, contractors and permanent hires, our Resource Augmentation solution was curated to provide flexible and adaptable access to the skills and experience our client required.
Key results
We delivered significant cost savings to the client, to the number of $1.4m per annum. This came with considerable efficiency gains as well - CVs were presented to our client with 72 hours, and were able to be deployed immediately, with all employment getting handled by Robert Walters.
The client has also transitioned multiple consultants to their permanent workforce at no cost throughout the partnership.
Client testimonial
We have been really impressed with the success of the Consultancy service from Robert Walters over the past 12 months. In the current climate, every business is carefully managing their cost base, naturally, the average 23% cost saving achieved was particularly attractive.
Leading Financial Services Company
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