Case Study: Investment Bank and Financial Services Company reduces contingent worker costs with CXC Global

Reducing agency costs for a client’s contractor population

CXC Global worked with an Australian multinational investment bank and financial services company that was facing rising contingent worker costs across the business. Their existing contractor workforce management approach was creating inflated margins, compliance risks, and process inefficiencies, so they needed a more cost-effective and controlled model.

CXC Global implemented a non-employee workforce management service covering direct and agency contractors, alongside support for payroll, compliance, rate negotiation, and tenure management. The solution delivered over $1.5M in annual cost savings, an average 5% saving per contingent worker, zero co-employment claims, and improved reporting, invoicing, and workforce governance.