Client Overview:
A major data analysis firm partnered with Koncert to optimize its contingent workforce program, reduce hiring inefficiencies, and improve compliance with industry regulations. Facing rising labor costs, extended hiring cycles, and inconsistent supplier performance, the client sought a strategic workforce partner to drive cost savings and operational improvements.
Challenges:
- Extended time-to-hire causing project delays and increased operational costs.
- Rising contractor expenses impacting budget efficiency.
- Inconsistent supplier performance, leading to talent quality concerns.
- Need for enhanced compliance with industry regulations.
Solutions Implemented:
- Workforce Cost Optimization:
- Streamlined contractor hiring processes, achieving $1.8M in cost savings through rate standardization and supplier negotiations.
- Reduced time-to-fill by 35%, accelerating project timelines and reducing lost productivity.
- Supplier Management & Performance Enhancement:
- Implemented a vendor scorecard system, driving 25% improvement in supplier performance and talent quality.
- Consolidated supplier base for greater efficiency and cost control.
- Advanced Compliance & Risk Mitigation:
- Strengthened adherence to regulatory requirements through policy enforcement and enhanced audits.
- Developed a customized compliance training program for vendors and hiring managers.
- Technology & Automation Integration:
- Deployed AI-driven workforce analytics, improving hiring efficiency and cost transparency.
- Automated reporting capabilities, reducing manual effort by 40% and providing real-time workforce insights.
Results & Business Impact:
By leveraging Koncert’s expertise, the data analysis firm realized over $2M in total savings, reduced hiring cycle times, and enhanced workforce compliance. The supplier management framework improved talent quality, while automation streamlined reporting and decision-making processes.
Conclusion:
Koncert’s data-driven, technology-enabled approach transformed the client’s contingent workforce program, delivering measurable cost savings, improved efficiency, and long-term workforce stability. This case study highlights Koncert’s ability to drive strategic workforce solutions that align with client business objectives.
