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The UCS Co-op has been a approached by a number of employment service providers in the last few months regarding the changes to the Employment Program of B.C. and the Draft RFI released in October 2010. During this process we have engaged in conversations and developed a Financial Modeling Process to support organizations in making critical decisions, as well as identifying and mitigating risk.
Given our view of the problem and our perspective, we believe there is a solution by working together. We strongly believe that transparent partnerships and co-ops are well suited to this model, both to mitigate risks and to reduce costs. Finally, we have observed that prime/sub bargaining has the potential for large economic inefficiencies.
Financial Modeling Tool
The Co-op has developed a Financial Modeling Process over the last several months by working with a number of non-profit employment service providers. The purpose of the Financial Modeling Process and the resulting Financial Modeling Tool (FMT) is to support organizations in critical decision making and enable them to produce high quality, cost effective services.
Components
- Traditional staffing model – current model
- Transactional service model – retail model
- Bridging tool – translating the present to the future
- Visualization – dynamic ‘what if’ scenarios
Features of Modeling Tool
- Built from the revised payment tables
- Generates a costing model from the variable service fee payments
- Dynamically accounts for tier maximum averages
- Integrates all cost factors
- Dynamic scenario testing
Operational Benefits
- Operational Planning
- Budget Preparation
- Ongoing tracking and evaluation of services and staff
- Long-term, shared, anonymous database to equip the sector for business improvement and advocacy
The Process involves initial data gathering (operating costs, staffing costs, and variable service fee estimates), imbedding data into modeling tool, analyzing and interpreting findings, and adjusting estimates through ‘what if’ scenarios enabled by data visualization in a dynamic pdf format.
Contact us to learn more about the Tool and engaging with the UCS Co-op.
