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Cypress wants to be your partner in optimizing the People Element of your business. Ignite a powerful partnership with Cypress and learn how to improve your PROI.

Nationwide Lender

1500 Employees

Problem

  • Growing population
    with high turnover
    (75%+)
  • Poor employee
    experience
  • Non-competitive total
    benefits program

Strategy

  • Analyze the business
    plan
  • Implement an in-depth
    employee engagement
    survey
  • Determine employee
    priorities and business
    parameters
  • Redesign total benefits
    program

Results

  • Saved more than
    $300,000 over the
    prior year
  • Expanded benefits offering
  • Improved employee
    satisfaction
  • Reduced voluntary
    turnover by 25%

US Automaker

1400 Employees

Problem

  • Benefit compliance
    issues
  • Potential legal
    exposure

Strategy

  • Conduct a Performance
    & Risk Audit
  • Review benefits process
    to create an implemen-
    tation roadmap
  • Reengineer the benefits
    HRIS system, set up
    benefit specification
    system and process
    guidelines

Results

  • $500,000 in savings
  • Eliminated legal exposure
    in benefits and compliance

Solar Company

400 Employees

Problem

  • Benefit renewal was
    in trouble (competing
    brokers)
  • Reactive and
    uncoordinated plan
  • 25% increase was
    on the table

Strategy

  • As new broker, we
    quickly identified
    immediate challenges
    and savings opportunities
  • Renegotiated with
    benefit providers
  • Redesigned offerings to
    better suit client needs
  • Identified client did not
    have a promised bonus
    plan for leadership
    in place

Results

  • Reduced rate increase to
    5%, saving client $180,000
  • Outsourced administration,
    saving client $40,000
  • Complete on-line
    enrollment changing
    carriers and minimized
    disruption
  • Better employee
    experience, while saving
    $220,000
  • Redesigned the
    company-wide bonus
    program linked to
    corporate goal

National Bank

1200 Employees

Problem

  • Mature financial
    services firm
  • Losing market share
  • High Turnover
    (50%+)
  • Low Employee
    Engagement

Strategy

  • Partnered with new
    dynamic CEO
  • Identified front line
    leadership root cause
  • Developed new
    leadership profiles
    & expectations
  • Designed customized
    leadership program
    targeted at key
    engagement
    deficiencies

Results

  • Implemented new
    leadership program for
    over 100 supervisors
  • Provided specifically
    tailored tools for
    supervisors
  • Certified client's learning
    division one curriculum
  • Voluntary turnover
    down 21%
  • Employee Engagement
    improvement of 35 points
  • Course is now the price
    of admission for manage-
    ment at company

U.S. Automaker - Financial Services Division

1400 Employees

Problem

  • Inability to attract
    top talent
  • Reliance on 28
    contingent staffing
    firms
  • No centralized
    controls
  • Poor candidate
    experience
  • Dismal retention
    (60% turnover)

Strategy

  • Reengineer the client’s
    thoughts on talent
  • Completely overhaul the
    talent process using Six
    Sigma methodology
  • Design and implement
    a lean talent process
  • Bring in an in-house
    talent acquisition team

Results

  • Saved $1.2 million in
    outside vendor fees
  • Top graded the company
    senior leadership team
  • Implemented a web-based
    talent management portal
  • Reduced time to hire
    by 40%
  • Reduced total turnover
    by 30% in first year
Success Success
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