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.