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Consulting

We live in unprecedented times. Businesses everywhere have been focused primarily on survival and damage control during the COVID-19 crisis. Those emerging from the pandemic business extinction event are now looking to accelerate their recovery as well as transform their business model for equally unprecedented resilience in the future, where "business as usual" is far too fragile to be assumed.

 

We at i4 Insurance Talent are listening carefully to our clients. And they are asking three core questions:

  • How can business recovery from the devastating COVID-19 crisis be accelerated?

  • What capabilities are needed for sustainable competitive advantage, especially when the next crisis hits?

  • How can the need to recover quickly be balanced with the need to transform the business model when uncertainty is now the only thing that's certain?

Accelerate Recovery With Quality Consultants

As businesses deal with COVID-19 recovery, we are receiving increasing demand for quality consultants. The reasons are clear.

First, when all costs are considered, including direct costs of insurance, payroll, and benefits as well as fringe, overhead, plus General & Administration indirect costs, the total cost of consultants competes well with that of full-time employees (FTEs) as the chart immediately above demonstrates.

 

And the cost accounting methodology used above does not consider FTE replacement/onboarding costs such as advertising, employee referral awards, HR prescreening activities, etc. whose sum total can add 15% or more of the FTE's base salary to the total cost, making the case for quality consultants even stronger.

 

Also not considered in the above is the fact that FTEs do not become fully productive until an average of 18 months and stay with one company only an average of just over 3 years (FTEs average 12 job changes over 40 years). This means that employers can expect to receive only 50% return on their employee investment, whereas quality consultants are expected to be at least 100% productive out of the gate or they will be summarily dismissed.

 

i4 Insurance Talent is responding to the high demand for quality consultants with a proven talent network of insurance and financial services professionals including business developers, actuaries, underwriters, claims specialists, financial analysts, accountants, data & analytics experts, and business analysts. 

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 Prepare for Business Uncertainty With a Business Transformation Practice

If COVID-19 has taught us nothing else, we are painfully reminded of the need to prepare for uncertainty. To that end, our clients are looking to increase their response readiness and, consequentially, their business resilience. To help our clients identify and acquire those capabilities required to achieve sustainable competitive advantage, even in times of political, economic, social, or environmental crisis, i4 Insurance Talent offers a:

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Business Transformation Practice + Quality Talent = Business Resilience

We're helping our clients balance the immediate need for accelerated COVID-19 recovery with the short term need to transform the business model into one with enduring competitive advantage by providing:

  • an extensive network of insurance and financial services consultants who are both immediately productive and ready to be transitioned to permanent positions as business demand increases

  • a Digital Business Transformation Practice to guide transformation of the business model to one that is quick to respond to opportunity, threat, or crisis

  • a Digital Business Transformation Talent Pool to provide immediate support to business transformation initiatives with the option of permanent employment as needed

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We invite you to call Marc Codispoti at 1.844.550.6161 Ext. 10 or email Marc at marc.codispoti@i4insurancetalent.com to discuss your consulting needs.

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