Christine Mahoney of Mercer Consulting reckons that the cost of funding a 60-year-old employee in a DB scheme is 12% of payroll, whereas in a DC plan it is just 6%.
He plans to make cost-control consulting his primary business within three years.
What that means for you is that you can get bright, capable statistical prowess at a fraction of the cost that a consulting firm or a full professor would charge.
His intention was to set up a consulting business that had the potential to cost Morgan Stanley dearly in fees it can charge those hedge funds.
An October report from the consulting company Brattle Group estimates that in Europe, it would cost 51 billion euros to wire the continent with smart meters.
Those cost cutting measures have them looking for two things: outside consulting expertise and outsourced technology and business processing.
If we are right, then the true cost of pension consultant corruption is enormous and cleaning up the consulting business should be of paramount importance to the country.
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Navigant Consulting of Chicago has estimated that the end of the PTC could ultimately cost 37, 000 jobs throughout the wind power industry out of about 75, 000 presently existing.
FORBES: Tax-Blowing Boondoggle: Don't Give Wind Energy More Credit Than It Deserves
"Inflation has been damped pretty dramatically in the U.S. because it exported work to China and other places at 20% or 30% of the cost, " said Hal Sirkin, a consultant at Boston Consulting Group.
And there are other -- Mercer, a well-known independent benefits consulting firm, released a surveyed of employers showing that their health insurance cost increases will average 5.4 percent for 2012, which is the smallest increase -- or would be the smallest since 1997.
In a similar survey last summer by human-resources-consulting firm Mercer, Singapore surpassed Hong Kong for the first time in the cost of living.
Consulting the income statement shows that MIPS Technologies managed to streamline operations by minimizing cost of goods sold, increasing necessary costs like research and development, and still being able to boost the bottom line.
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He estimates the same assignments would cost 10 times as much if the company hired a top-tier consulting firm.
Then Tata Consulting Services and Infosys implemented global delivery systems using highly trained labor at a 10th the cost, practically wiping out the domestic vendors' traditional IT services business.
FORBES: The accepted wisdom that the customer is king is all wrong.
"Maryland might as well mandate that Southwest Airlines flights landing in the state have two tons of cement in their baggage holders, to even out its per-passenger cost with American and other majors, " says George Stalk, a Boston Consulting Group retailing expert.
Gifts can more than double the number of people who respond to bank offers, which, in turn, reduces the cost of acquiring these customers, according to Robert Tetenbaum, executive vice president of First Manhattan Consulting Group, which advises financial-services companies.
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