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A Global Financial Services company: Finding 5% of budget savings invisible in the P&L – Simply Get Results

Our client faced all too-familiar concerns from the analysts:

  • Unsustainable staff costs, continuing to rise year on year
  • Costs holding back delivery of goals on regulation, margins and customer service
  • A series of top-down cost cutting exercises had failed to make the required sustainable impact

$2bn of efficiency savings identified

$500m of quick wins to explore

Savings were invisible on the P&L

New thinking was required.

Our People Profit Management® analysis, containing algorithms developed with over 20 years’ experience, identified:

  • Close to $2bn of achievable people cost savings,
  • $500m of immediately addressable opportunities
  • significant benefits from re-balancing unequal levels of reward for like-work and fine-tuning the location where work is completed

Management could now see the bigger picture; they connected the dots between people and business performance, identifying areas for improved value and cost reduction that weren’t visible on the existing P&L and HR reports.

These unconventional levers helped the COO and HR function work together to plan a more sustainable people cost base as they re-modelled their business for the future