What will be the cost savings to Harvard schools and departments?

Overall we expect schools and departments will realize savings of 6-10% from three sources:

  • lower mark-ups (the % added to the worker's pay by the temp agency to arrive at the billing rate) on average;
  • standardized market-driven rate cards and the ability to compare the proposals of competing suppliers in real-time;
  • taking advantage of a quick pay discount of 1%. 

In addition, Harvard departments should see a reduction in administrative processing costs since invoicing will be automated.  At present, Harvard departments manually process 20,000 invoices each year to pay suppliers of contingent talent.