Optimization Fast Tracking HR Solutions Stretching HR’s Budget Optimizing HR Professional Services Revitalizing HR Programs

Optimizing Professional Services

For example, did your pension plans suffer more than others during the recession? Is the problem rooted in governance, policies or your investment managers? Robinson Optimization can advise you on analyzing the issues and finding the consultants and managers that you need.

As another example, Robinson Optimization advised an employer on a search for a new consulting firm to provide actuarial services in respect of their multi-employer pension plan, with almost one billion dollars in assets. The organization was displeased with the incumbent consulting firm’s ability to provide strategic advice on the funding of their mature pension plan and specifically on a sound decision making process for granting future pension improvements. Robinson Optimization advised on the optimal process for the selection of a new actuarial consulting firm, including an initial screening of actuarial consulting firms to develop an appropriate short list of bidders, and a detailed communication plan required due to the approval process and number of committees. Robinson Optimization acted as project manager and participated in all the important meetings, the bidder presentations, and committee meetings to approve the recommendations. The new actuarial consulting firm transitioned quickly and successfully since, in the selection process we had identified the key results that the new actuaries needed to deliver in their first six months.

If you are frustrated by your current consultants due to non-performance, expensive relationships, gaps in service or difficulty in coordinating professional services, we can advise you on optimizing your consulting relationships to get the most valuable advice and results at an acceptable cost. Our approach is to discuss with you the external consulting services and identify different ways of working with your current consultants as well as possible alternatives including better coordination of services, revisions to mandates, changes to the consulting teams, and assistance with selecting new suppliers through an RFP process or simplified method.