China

Details

  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 5/25/2010

The future is flexible - A new approach to cost optimisation 

KPMG in UK outlines an example of a cost optimisation strategy, including how it was implemented, what were the benefits, and also key things financial services organisations should consider when thinking about such a strategy.

 

Having invested heavily in their workforces in recent years, companies are understandably loath to let go of the very people they have strived so hard to recruit and train, fearful that this could damage their competitive position in the event of an upturn. A further concern is the impact upon morale and productivity of the looming threat of job losses. In the midst of a slump, the challenge is to build greater flexibility into the cost base while maintaining the trust and loyalty of employees.

 

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