Benchmarking Industry Insurance Operations 
Successful Independent Consulting
OCTOBER 27, 2023
They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. Solopreneurs who come from “name” firms like PwC or McKinsey can charge more than those who come from industry.
Tom Spencer
OCTOBER 6, 2023
A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. The biggest swing in operating expenses is likely to be variable compensation.
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Successful Independent Consulting
SEPTEMBER 16, 2017
Benchmark so you know your rate is reasonable. Although rate information is a closely guarded secret, based on my 20 years in the industry here are very rough ballpark numbers for “management consulting” (not IT consulting, project management, training development, etc.). Factor in the client’s size and industry.
Harvard Business
JULY 19, 2017
Dealing with today’s digital disruption begins by understanding how it differs from past industry changes. After all, stories of the end of our industry as we know it have been a trade press staple for decades. Zurich Insurance Group Takes Its IT Infrastructure to the Agile Cloud. No industry is immune.
Harvard Business
JANUARY 31, 2017
While some have invested significantly in technology, operational, and cultural changes, others are lagging behind. billion, including most major firms in the manufacturing, consumer packaged goods, financial services, and retail industries. Other financial and operating indicators showed similar disparities.
Tom Spencer
MAY 15, 2014
Services include Strategy Development, Operational Improvement, and Transaction Support. PJP’s Australian clients come from a diverse range of industries and are typically top 100 listed companies, but a few are large government owned corporations. Founded in 2003, Pacific Strategy Partners has offices in Sydney and Melbourne.
Harvard Business
MAY 25, 2017
Other firms have ventured down this path, including the conglomerate Wesfarmers , with its 200,000-plus staff, and the global hospital operator Ramsay Health Care. Should CEO performance be assessed only on “hard” measures? Should soft measures be part of a CEO’s scorecard?
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