Is Canceled?
Indicator MEASURE:cancellation · By Phil Hatch · Akholi · October 9, 2026
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19 sectionsIndicator Specification
| Field | Value |
|---|---|
| Indicator code | None, a study measure |
| Question as asked | Is Canceled? |
| Failure category | Not one of the 100 rated indicators |
| Place in the survey | Not a survey item |
| Indicator class | Engagement attribute |
| Indicator type | Study measure |
| Response scale | Canceled or not, on the study date |
| Answering base | 150 engagements |
| Non-answers | None, the value is recorded for every engagement |
| Identity with a study measure | Cancellation rate |
Summary of Findings
| Measure | Form | n | r | 95% CI | p |
|---|---|---|---|---|---|
| Cancellation rate | Identity with this measure, not tested | ||||
| Customer satisfaction | Clean estimate | 94 engagements | Not computable, constant indicator or measure | ||
| Engagement indicator mean | Full | 150 engagements | −0.72 | −0.79 to −0.63 | < 0.001 |
| Intent to leave | Respondent level, clustered | 798 respondents | 0.76 | 0.70 to 0.81 | < 0.001 |
The cancellation flag recorded a study set mean (mean 0.4, median 0.0, n = 150 engagements). This block is cancellation itself, so its cancellation cell was an identity by construction (r = 1.00). The clean estimate for customer satisfaction could not be computed, because it ran inside active engagements and no active engagement was canceled. Canceled engagements carried a lower engagement indicator mean (r = −0.72, 95% CI −0.79 to −0.63, p < 0.001, n = 150 engagements). Respondents on canceled engagements reported higher intent to leave (r = 0.76, cluster bootstrap 95% CI 0.70 to 0.81, p < 0.001, n = 798 respondents). Cancellation did not differ after Holm control by outsourcing model, institution type, process family, or class of work (Holm p 0.449 or higher in every family).
Distribution of Recorded Values
| Value | Engagements | Share of engagements a | Cumulative share |
|---|---|---|---|
| No | 94 | 62.67% | Not applicable, two values |
| Yes | 56 | 37.33% | Not applicable, two values |
| Total | 150 | 100.00% |
| Engagement level summary | Engagements | Mean | SD | Min | Median | Max | Engagements with a distressed value | Share of engagements distressed |
|---|---|---|---|---|---|---|---|---|
| Values as recorded | 150 | 0.4 | 0.5 | 0.0 | 0.0 | 1.0 | Not applicable | Not applicable |
The value was recorded once per engagement, so every figure in this section counts out of 150 engagements. The mean was 0.4 and the median was 0.0, on 150 engagements.
Descriptive Statistics by Segment
| Segment | Base | Answered | Answer rate | Engagements | Mean | 95% CI | SD |
|---|---|---|---|---|---|---|---|
| Study set | 150 | 150 | 100.00% of 150 | 150 | 0.4 | 0.3 to 0.5 | 0.5 |
| Outsourcing model | |||||||
| CXM | 42 | 42 | 100.00% of 42 | 42 | 0.4 | 0.2 to 0.5 | 0.5 |
| ITO | 40 | 40 | 100.00% of 40 | 40 | 0.4 | 0.2 to 0.5 | 0.5 |
| BPO | 37 | 37 | 100.00% of 37 | 37 | 0.4 | 0.2 to 0.5 | 0.5 |
| KPO | 31 | 31 | 100.00% of 31 | 31 | 0.4 | 0.2 to 0.6 | 0.5 |
| Institution type | |||||||
| Asset management | 24 | 24 | 100.00% of 24 | 24 | 0.5 | † | 0.5 |
| Wealth management and private banking | 23 | 23 | 100.00% of 23 | 23 | 0.3 | † | 0.5 |
| Investment banking (advisory and capital-markets origination) | 19 | 19 | 100.00% of 19 | 19 | 0.5 | † | 0.5 |
| Insurance (life, property and casualty, health) | 14 | 14 | 100.00% of 14 | 14 | 0.4 | † | 0.5 |
| Commercial and business banking | 13 | 13 | 100.00% of 13 | 13 | 0.3 | † | 0.5 |
| Payments and merchant acquiring (networks, acquiring, processing) | 13 | 13 | 100.00% of 13 | 13 | 0.2 | † | 0.4 |
| Credit card and payments issuing | 12 | 12 | 100.00% of 12 | 12 | 0.4 | † | 0.5 |
| Retail and consumer banking | 12 | 12 | 100.00% of 12 | 12 | 0.3 | † | 0.5 |
| Markets and trading (sales and trading, global markets) | 11 | 11 | 100.00% of 11 | 11 | 0.3 | † | 0.5 |
| Private equity and private capital | 9 | 9 | 9 of 9 | 9 | ‡ | ||
| Process family | |||||||
| Corporate and back-office functions | 47 | 47 | 100.00% of 47 | 47 | 0.4 | 0.3 to 0.5 | 0.5 |
| Technology engineering and operations | 35 | 35 | 100.00% of 35 | 35 | 0.3 | 0.1 to 0.4 | 0.5 |
| Client servicing and communications | 16 | 16 | 100.00% of 16 | 16 | 0.6 | † | 0.5 |
| Trade, settlement and reconciliation | 15 | 15 | 100.00% of 15 | 15 | 0.5 | † | 0.5 |
| Payments, cards and disputes | 12 | 12 | 100.00% of 12 | 12 | 0.2 | † | 0.4 |
| Credit, underwriting and suitability | 9 | 9 | 9 of 9 | 9 | ‡ | ||
| Regulatory, audit, tax and legal | 9 | 9 | 9 of 9 | 9 | ‡ | ||
| Financial crime and client onboarding | 7 | 7 | 7 of 7 | 7 | ‡ | ||
| Class of work | |||||||
| LOB Operational | 76 | 76 | 100.00% of 76 | 76 | 0.4 | 0.3 to 0.5 | 0.5 |
| Corporate Functional | 74 | 74 | 100.00% of 74 | 74 | 0.4 | 0.2 to 0.5 | 0.5 |
| Engagement status and lifecycle stage | |||||||
| Active, Build-Out | Identity, the segment is this indicator | ||||||
| Active, Transition/Cut-Over | Identity, the segment is this indicator | ||||||
| Active, Production | Identity, the segment is this indicator | ||||||
| Canceled | Identity, the segment is this indicator |
| Segment | Min | Q1 | Median | Q3 | Max | Distressed n | Distressed % |
|---|---|---|---|---|---|---|---|
| Study set | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Outsourcing model | |||||||
| CXM | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| ITO | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| BPO | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| KPO | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Institution type | |||||||
| Asset management | 0.0 | 0.0 | 1.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Wealth management and private banking | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Investment banking (advisory and capital-markets origination) | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Insurance (life, property and casualty, health) | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Commercial and business banking | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Payments and merchant acquiring (networks, acquiring, processing) | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | Not applicable | Not applicable |
| Credit card and payments issuing | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Retail and consumer banking | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Markets and trading (sales and trading, global markets) | 0.0 | 0.0 | 0.0 | 0.5 | 1.0 | Not applicable | Not applicable |
| Private equity and private capital | ‡ n = 9 | ||||||
| Process family | |||||||
| Corporate and back-office functions | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Technology engineering and operations | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Client servicing and communications | 0.0 | 0.0 | 1.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Trade, settlement and reconciliation | 0.0 | 0.0 | 1.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Payments, cards and disputes | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | Not applicable | Not applicable |
| Credit, underwriting and suitability | ‡ n = 9 | ||||||
| Regulatory, audit, tax and legal | ‡ n = 9 | ||||||
| Financial crime and client onboarding | ‡ n = 7 | ||||||
| Class of work | |||||||
| LOB Operational | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Corporate Functional | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | Not applicable | Not applicable |
| Engagement status and lifecycle stage | |||||||
| Active, Build-Out | Identity, the segment is this indicator | ||||||
| Active, Transition/Cut-Over | Identity, the segment is this indicator | ||||||
| Active, Production | Identity, the segment is this indicator | ||||||
| Canceled | Identity, the segment is this indicator |
Figures are engagement level. Means are on the scale as recorded. A level under 30 prints no interval and a level under 10 prints counts only.
Tests of Difference Between Segments
| Segment family | Welch F | df | p | Holm p | Omega squared | 90% CI |
|---|---|---|---|---|---|---|
| Outsourcing model | 0.02 | 3, 79.0 | 0.995 | 1.000 | −0.020 | 0.000 to 0.000 |
| Institution type | 0.65 | 8, 49.5 | 0.729 | 1.000 | −0.017 | 0.000 to 0.045 |
| Process family | 2.01 | 4, 39.8 | 0.112 | 0.449 | 0.028 | 0.000 to 0.112 |
| Class of work | 0.30 | 1, 148.0 | 0.586 | 1.000 | −0.005 | 0.000 to 0.030 |
| Engagement status and lifecycle stage | Identity, the segment is this indicator |
| Segment family | Kruskal-Wallis H | p | Distressed chi-square | df | p | Cramer’s V | Levels left out |
|---|---|---|---|---|---|---|---|
| Outsourcing model | 0.08 | 0.995 | Not applicable | Not applicable | None | ||
| Institution type | 5.67 | 0.684 | Not applicable | Not applicable | a | ||
| Process family | 7.42 | 0.115 | Not applicable | Not applicable | b | ||
| Class of work | 0.30 | 0.584 | Not applicable | Not applicable | None | ||
| Engagement status and lifecycle stage | Identity, the segment is this indicator |
Engagement families were tested on engagement means, and respondent role and vendor type were tested on respondents. A distressed p marked exact is a Fisher exact test for a two by two table, and one marked simulated is a Monte Carlo test run until its p is stable to the third decimal, both used where an expected count is under 5. No difference held after Holm control for outsourcing model, institution type, process family and class of work.
Association with Cancellation Rate
The share of engagements canceled on the study date, measured at engagement level (base 150 engagements, 56 canceled). The association is a descriptive contrast, inflated because canceled engagements were rated after cancellation, and is not predictive.
This block is the measure itself, so its association with the measure is an identity, 1.00 by construction, in every segment, and not a finding.
Association with Customer Satisfaction
The satisfaction score recorded against each engagement on a 100-point scale. The primary estimate uses the 94 active engagements. A descriptive contrast uses all 150 engagements.
| Segment | Active engagements | Clean r | 95% CI | p | Holm p | Spearman rho | p |
|---|---|---|---|---|---|---|---|
| Study set | 94 | a | |||||
| Outsourcing model | |||||||
| CXM | 27 | a | |||||
| ITO | 25 | a | |||||
| BPO | 23 | a | |||||
| KPO | 19 | a | |||||
| Institution type | |||||||
| Asset management | 11 | a | |||||
| Wealth management and private banking | 15 | a | |||||
| Investment banking (advisory and capital-markets origination) | 10 | a | |||||
| Insurance (life, property and casualty, health) | 9 | ‡ | |||||
| Commercial and business banking | 9 | ‡ | |||||
| Payments and merchant acquiring (networks, acquiring, processing) | 10 | a | |||||
| Credit card and payments issuing | 7 | ‡ | |||||
| Retail and consumer banking | 8 | ‡ | |||||
| Markets and trading (sales and trading, global markets) | 8 | ‡ | |||||
| Private equity and private capital | 7 | ‡ | |||||
| Process family | |||||||
| Corporate and back-office functions | 28 | a | |||||
| Technology engineering and operations | 25 | a | |||||
| Client servicing and communications | 7 | ‡ | |||||
| Trade, settlement and reconciliation | 7 | ‡ | |||||
| Payments, cards and disputes | 10 | a | |||||
| Credit, underwriting and suitability | 8 | ‡ | |||||
| Regulatory, audit, tax and legal | 5 | ‡ | |||||
| Financial crime and client onboarding | 4 | ‡ | |||||
| Class of work | |||||||
| LOB Operational | 46 | a | |||||
| Corporate Functional | 48 | a | |||||
| Engagement status and lifecycle stage | |||||||
| Active, Build-Out | 31 | a | |||||
| Active, Transition/Cut-Over | 43 | a | |||||
| Active, Production | 20 | a | |||||
| Canceled | 0 | b |
| Segment | Slope, points per rating point | 95% CI | R squared | TOST p | All engagements | Descriptive r | p |
|---|---|---|---|---|---|---|---|
| Study set | Not computable, the indicator or the measure is constant in this row | ||||||
| Outsourcing model | |||||||
| CXM | Not computable, the indicator or the measure is constant in this row | ||||||
| ITO | Not computable, the indicator or the measure is constant in this row | ||||||
| BPO | Not computable, the indicator or the measure is constant in this row | ||||||
| KPO | Not computable, the indicator or the measure is constant in this row | ||||||
| Institution type | |||||||
| Asset management | Not computable, the indicator or the measure is constant in this row | ||||||
| Wealth management and private banking | Not computable, the indicator or the measure is constant in this row | ||||||
| Investment banking (advisory and capital-markets origination) | Not computable, the indicator or the measure is constant in this row | ||||||
| Insurance (life, property and casualty, health) | ‡ n = 9 | ||||||
| Commercial and business banking | ‡ n = 9 | ||||||
| Payments and merchant acquiring (networks, acquiring, processing) | Not computable, the indicator or the measure is constant in this row | ||||||
| Credit card and payments issuing | ‡ n = 7 | ||||||
| Retail and consumer banking | ‡ n = 8 | ||||||
| Markets and trading (sales and trading, global markets) | ‡ n = 8 | ||||||
| Private equity and private capital | ‡ n = 7 | ||||||
| Process family | |||||||
| Corporate and back-office functions | Not computable, the indicator or the measure is constant in this row | ||||||
| Technology engineering and operations | Not computable, the indicator or the measure is constant in this row | ||||||
| Client servicing and communications | ‡ n = 7 | ||||||
| Trade, settlement and reconciliation | ‡ n = 7 | ||||||
| Payments, cards and disputes | Not computable, the indicator or the measure is constant in this row | ||||||
| Credit, underwriting and suitability | ‡ n = 8 | ||||||
| Regulatory, audit, tax and legal | ‡ n = 5 | ||||||
| Financial crime and client onboarding | ‡ n = 4 | ||||||
| Class of work | |||||||
| LOB Operational | Not computable, the indicator or the measure is constant in this row | ||||||
| Corporate Functional | Not computable, the indicator or the measure is constant in this row | ||||||
| Engagement status and lifecycle stage | |||||||
| Active, Build-Out | Not computable, the indicator or the measure is constant in this row | ||||||
| Active, Transition/Cut-Over | Not computable, the indicator or the measure is constant in this row | ||||||
| Active, Production | Not computable, the indicator or the measure is constant in this row | ||||||
| Canceled | no clean estimate, canceled engagements fall outside the active population |
The study set association could not be computed: one side is constant across the paired values.
Association with the Engagement Indicator Mean
The mean of an engagement’s 100 indicator ratings, measured at engagement level (base 150 engagements). Where this indicator is one of the 100, the mean is recomputed without it.
| Segment | Engagements | Leave-one-out r | 95% CI | p | Holm p | Spearman rho | p |
|---|---|---|---|---|---|---|---|
| Study set | 150 | −0.72 | −0.79 to −0.63 | < 0.001 | < 0.001 | −0.75 | < 0.001 |
| Outsourcing model | |||||||
| CXM | 42 | −0.71 | −0.83 to −0.52 | < 0.001 | < 0.001 | −0.74 | < 0.001 |
| ITO | 40 | −0.71 | −0.84 to −0.51 | < 0.001 | < 0.001 | −0.73 | < 0.001 |
| BPO | 37 | −0.80 | −0.89 to −0.64 | < 0.001 | < 0.001 | −0.81 | < 0.001 |
| KPO | 31 | −0.71 | −0.85 to −0.48 | < 0.001 | < 0.001 | −0.73 | < 0.001 |
| Institution type | |||||||
| Asset management | 24 | −0.82 | † | < 0.001 | < 0.001 | −0.85 | < 0.001 |
| Wealth management and private banking | 23 | −0.72 | † | < 0.001 | 0.001 | −0.73 | < 0.001 |
| Investment banking (advisory and capital-markets origination) | 19 | −0.70 | † | < 0.001 | 0.006 | −0.71 | < 0.001 |
| Insurance (life, property and casualty, health) | 14 | −0.81 | † | < 0.001 | 0.004 | −0.80 | < 0.001 |
| Commercial and business banking | 13 | −0.64 | † | 0.019 | 0.058 | −0.71 | 0.006 |
| Payments and merchant acquiring (networks, acquiring, processing) | 13 | −0.56 | † | 0.047 | 0.058 | −0.63 | 0.020 |
| Credit card and payments issuing | 12 | −0.77 | † | 0.003 | 0.014 | −0.86 | < 0.001 |
| Retail and consumer banking | 12 | −0.88 | † | < 0.001 | 0.002 | −0.82 | 0.001 |
| Markets and trading (sales and trading, global markets) | 11 | −0.80 | † | 0.003 | 0.014 | −0.77 | 0.005 |
| Private equity and private capital | 9 | ‡ | |||||
| Process family | |||||||
| Corporate and back-office functions | 47 | −0.73 | −0.84 to −0.56 | < 0.001 | < 0.001 | −0.75 | < 0.001 |
| Technology engineering and operations | 35 | −0.71 | −0.84 to −0.50 | < 0.001 | < 0.001 | −0.75 | < 0.001 |
| Client servicing and communications | 16 | −0.73 | † | 0.001 | 0.009 | −0.61 | 0.011 |
| Trade, settlement and reconciliation | 15 | −0.73 | † | 0.002 | 0.012 | −0.74 | 0.002 |
| Payments, cards and disputes | 12 | −0.66 | † | 0.020 | 0.058 | −0.65 | 0.023 |
| Credit, underwriting and suitability | 9 | ‡ | |||||
| Regulatory, audit, tax and legal | 9 | ‡ | |||||
| Financial crime and client onboarding | 7 | ‡ | |||||
| Class of work | |||||||
| LOB Operational | 76 | −0.69 | −0.79 to −0.54 | < 0.001 | < 0.001 | −0.71 | < 0.001 |
| Corporate Functional | 74 | −0.76 | −0.84 to −0.64 | < 0.001 | < 0.001 | −0.78 | < 0.001 |
| Engagement status and lifecycle stage | |||||||
| Active, Build-Out | 31 | Not computable, the indicator or the measure is constant in this row | |||||
| Active, Transition/Cut-Over | 43 | Not computable, the indicator or the measure is constant in this row | |||||
| Active, Production | 20 | Not computable, the indicator or the measure is constant in this row | |||||
| Canceled | 56 | Not computable, the indicator or the measure is constant in this row |
| Segment | r with indicator included | Change in r | Slope | 95% CI | R squared | TOST p | Equivalent |
|---|---|---|---|---|---|---|---|
| Study set | Not a component | −2.19 | −2.54 to −1.85 | 0.52 | 1.000 | No | |
| Outsourcing model | |||||||
| CXM | Not a component | −2.40 | −3.16 to −1.64 | 0.50 | 1.000 | No | |
| ITO | Not a component | −1.85 | −2.45 to −1.24 | 0.50 | 1.000 | No | |
| BPO | Not a component | −2.16 | −2.72 to −1.61 | 0.64 | 1.000 | No | |
| KPO | Not a component | −2.38 | −3.26 to −1.49 | 0.51 | 0.999 | No | |
| Institution type | |||||||
| Asset management | Not a component | −2.53 | † n = 24 | 0.68 | 1.000 | No | |
| Wealth management and private banking | Not a component | −2.22 | † n = 23 | 0.52 | 0.997 | No | |
| Investment banking (advisory and capital-markets origination) | Not a component | −1.50 | † n = 19 | 0.49 | 0.988 | No | |
| Insurance (life, property and casualty, health) | Not a component | −2.52 | † n = 14 | 0.65 | 0.996 | No | |
| Commercial and business banking | Not a component | −1.93 | † n = 13 | 0.41 | 0.919 | No | |
| Payments and merchant acquiring (networks, acquiring, processing) | Not a component | −2.09 | † n = 13 | 0.31 | 0.845 | No | |
| Credit card and payments issuing | Not a component | −1.89 | † n = 12 | 0.59 | 0.984 | No | |
| Retail and consumer banking | Not a component | −2.93 | † n = 12 | 0.77 | 0.999 | No | |
| Markets and trading (sales and trading, global markets) | Not a component | −2.61 | † n = 11 | 0.65 | 0.988 | No | |
| Private equity and private capital | ‡ n = 9 | ||||||
| Process family | |||||||
| Corporate and back-office functions | Not a component | −2.34 | −3.00 to −1.69 | 0.53 | 1.000 | No | |
| Technology engineering and operations | Not a component | −2.07 | −2.80 to −1.35 | 0.51 | 1.000 | No | |
| Client servicing and communications | Not a component | −2.34 | † n = 16 | 0.53 | 0.987 | No | |
| Trade, settlement and reconciliation | Not a component | −1.92 | † n = 15 | 0.53 | 0.984 | No | |
| Payments, cards and disputes | Not a component | −2.23 | † n = 12 | 0.43 | 0.924 | No | |
| Credit, underwriting and suitability | ‡ n = 9 | ||||||
| Regulatory, audit, tax and legal | ‡ n = 9 | ||||||
| Financial crime and client onboarding | ‡ n = 7 | ||||||
| Class of work | |||||||
| LOB Operational | Not a component | −2.09 | −2.61 to −1.58 | 0.47 | 1.000 | No | |
| Corporate Functional | Not a component | −2.31 | −2.77 to −1.84 | 0.58 | 1.000 | No | |
| Engagement status and lifecycle stage | |||||||
| Active, Build-Out | Not computable, the indicator or the measure is constant in this row | ||||||
| Active, Transition/Cut-Over | Not computable, the indicator or the measure is constant in this row | ||||||
| Active, Production | Not computable, the indicator or the measure is constant in this row | ||||||
| Canceled | Not computable, the indicator or the measure is constant in this row |
The study set r was −0.72 (95% CI −0.79 to −0.63, Holm p < 0.001, n = 150 engagements). Of the 20 tested segment levels, 17 held after Holm control.
Association with Intent to Leave
The respondent’s stated likelihood of leaving the current job within 12 months, rated 1 to 10 (C019). Measured at respondent level on up to 798 respondents, with the engagement-level form reported alongside.
| Segment | Respondents | r | 95% CI | Cluster bootstrap 95% CI | p | Holm p |
|---|---|---|---|---|---|---|
| Study set | 798 | 0.76 | 0.73 to 0.79 | 0.70 to 0.81 | < 0.001 | < 0.001 |
| Outsourcing model | ||||||
| CXM | 215 | 0.83 | 0.79 to 0.87 | 0.76 to 0.88 | < 0.001 | < 0.001 |
| ITO | 233 | 0.71 | 0.64 to 0.77 | 0.59 to 0.82 | < 0.001 | < 0.001 |
| BPO | 196 | 0.76 | 0.69 to 0.81 | 0.63 to 0.86 | < 0.001 | < 0.001 |
| KPO | 154 | 0.72 | 0.64 to 0.79 | 0.57 to 0.85 | < 0.001 | < 0.001 |
| Institution type | ||||||
| Asset management | 122 | 0.85 | 0.79 to 0.89 | 0.78 to 0.91 | < 0.001 | < 0.001 |
| Wealth management and private banking | 132 | 0.80 | 0.73 to 0.86 | 0.68 to 0.88 | < 0.001 | < 0.001 |
| Investment banking (advisory and capital-markets origination) | 98 | 0.82 | 0.74 to 0.87 | 0.71 to 0.89 | < 0.001 | < 0.001 |
| Insurance (life, property and casualty, health) | 71 | 0.73 | 0.60 to 0.82 | 0.50 to 0.89 | < 0.001 | < 0.001 |
| Commercial and business banking | 76 | 0.72 | 0.59 to 0.81 | 0.40 to 0.91 | < 0.001 | < 0.001 |
| Payments and merchant acquiring (networks, acquiring, processing) | 69 | 0.55 | 0.36 to 0.70 | 0.28 to 0.84 | < 0.001 | < 0.001 |
| Credit card and payments issuing | 70 | 0.86 | 0.78 to 0.91 | 0.73 to 0.92 | < 0.001 | < 0.001 |
| Retail and consumer banking | 67 | 0.83 | 0.73 to 0.89 | 0.62 to 0.91 | < 0.001 | < 0.001 |
| Markets and trading (sales and trading, global markets) | 55 | 0.73 | 0.58 to 0.84 | 0.47 to 0.92 | < 0.001 | < 0.001 |
| Private equity and private capital | 38 | 0.51 | 0.23 to 0.71 | a | 0.001 | 0.001 |
| Process family | ||||||
| Corporate and back-office functions | 226 | 0.77 | 0.71 to 0.82 | 0.68 to 0.85 | < 0.001 | < 0.001 |
| Technology engineering and operations | 194 | 0.72 | 0.64 to 0.78 | 0.57 to 0.81 | < 0.001 | < 0.001 |
| Client servicing and communications | 89 | 0.87 | 0.80 to 0.91 | 0.80 to 0.92 | < 0.001 | < 0.001 |
| Trade, settlement and reconciliation | 75 | 0.86 | 0.79 to 0.91 | 0.76 to 0.94 | < 0.001 | < 0.001 |
| Payments, cards and disputes | 70 | 0.63 | 0.47 to 0.75 | a | < 0.001 | < 0.001 |
| Credit, underwriting and suitability | 53 | 0.53 | 0.30 to 0.70 | a | < 0.001 | < 0.001 |
| Regulatory, audit, tax and legal | 49 | 0.70 | 0.52 to 0.82 | § n = 9 | < 0.001 | < 0.001 |
| Financial crime and client onboarding | 42 | 0.75 | 0.57 to 0.86 | § n = 7 | < 0.001 | < 0.001 |
| Class of work | ||||||
| LOB Operational | 424 | 0.75 | 0.70 to 0.79 | 0.66 to 0.83 | < 0.001 | < 0.001 |
| Corporate Functional | 374 | 0.77 | 0.72 to 0.81 | 0.70 to 0.82 | < 0.001 | < 0.001 |
| Engagement status and lifecycle stage | ||||||
| Active, Build-Out | Identity, the segment is this indicator | |||||
| Active, Transition/Cut-Over | Identity, the segment is this indicator | |||||
| Active, Production | Identity, the segment is this indicator | |||||
| Canceled | Identity, the segment is this indicator |
| Segment | Spearman rho | p | Share at 7 or above, distressed | Share at 7 or above, other | Engagements | Engagement level r | 95% CI | TOST p |
|---|---|---|---|---|---|---|---|---|
| Study set | 0.78 | < 0.001 | Not applicable | Not applicable | 150 | 0.80 | 0.74 to 0.85 | 1.000 |
| Outsourcing model | ||||||||
| CXM | 0.83 | < 0.001 | Not applicable | Not applicable | 42 | 0.89 | 0.81 to 0.94 | 1.000 |
| ITO | 0.75 | < 0.001 | Not applicable | Not applicable | 40 | 0.75 | 0.57 to 0.86 | 1.000 |
| BPO | 0.77 | < 0.001 | Not applicable | Not applicable | 37 | 0.79 | 0.62 to 0.89 | 1.000 |
| KPO | 0.74 | < 0.001 | Not applicable | Not applicable | 31 | 0.78 | 0.59 to 0.89 | 1.000 |
| Institution type | ||||||||
| Asset management | 0.86 | < 0.001 | Not applicable | Not applicable | 24 | 0.88 | † | 1.000 |
| Wealth management and private banking | 0.81 | < 0.001 | Not applicable | Not applicable | 23 | 0.85 | † | 1.000 |
| Investment banking (advisory and capital-markets origination) | 0.83 | < 0.001 | Not applicable | Not applicable | 19 | 0.89 | † | 1.000 |
| Insurance (life, property and casualty, health) | 0.76 | < 0.001 | Not applicable | Not applicable | 14 | 0.78 | † | 0.992 |
| Commercial and business banking | 0.71 | < 0.001 | Not applicable | Not applicable | 13 | 0.79 | † | 0.991 |
| Payments and merchant acquiring (networks, acquiring, processing) | 0.56 | < 0.001 | Not applicable | Not applicable | 13 | 0.63 | † | 0.912 |
| Credit card and payments issuing | 0.86 | < 0.001 | Not applicable | Not applicable | 12 | 0.89 | † | 1.000 |
| Retail and consumer banking | 0.83 | < 0.001 | Not applicable | Not applicable | 12 | 0.88 | † | 0.999 |
| Markets and trading (sales and trading, global markets) | 0.72 | < 0.001 | Not applicable | Not applicable | 11 | 0.84 | † | 0.995 |
| Private equity and private capital | 0.57 | < 0.001 | Not applicable | Not applicable | 9 | ‡ | ‡ | |
| Process family | ||||||||
| Corporate and back-office functions | 0.80 | < 0.001 | Not applicable | Not applicable | 47 | 0.81 | 0.68 to 0.89 | 1.000 |
| Technology engineering and operations | 0.74 | < 0.001 | Not applicable | Not applicable | 35 | 0.76 | 0.57 to 0.87 | 1.000 |
| Client servicing and communications | 0.87 | < 0.001 | Not applicable | Not applicable | 16 | 0.91 | † | 1.000 |
| Trade, settlement and reconciliation | 0.85 | < 0.001 | Not applicable | Not applicable | 15 | 0.89 | † | 1.000 |
| Payments, cards and disputes | 0.57 | < 0.001 | Not applicable | Not applicable | 12 | 0.67 | † | 0.937 |
| Credit, underwriting and suitability | 0.51 | < 0.001 | Not applicable | Not applicable | 9 | ‡ | ‡ | |
| Regulatory, audit, tax and legal | 0.72 | < 0.001 | Not applicable | Not applicable | 9 | ‡ | ‡ | |
| Financial crime and client onboarding | 0.75 | < 0.001 | Not applicable | Not applicable | 7 | ‡ | ‡ | |
| Class of work | ||||||||
| LOB Operational | 0.75 | < 0.001 | Not applicable | Not applicable | 76 | 0.79 | 0.69 to 0.87 | 1.000 |
| Corporate Functional | 0.80 | < 0.001 | Not applicable | Not applicable | 74 | 0.81 | 0.72 to 0.88 | 1.000 |
| Engagement status and lifecycle stage | ||||||||
| Active, Build-Out | Identity, the segment is this indicator | |||||||
| Active, Transition/Cut-Over | Identity, the segment is this indicator | |||||||
| Active, Production | Identity, the segment is this indicator | |||||||
| Canceled | Identity, the segment is this indicator |
The study set r was 0.76 (95% CI 0.73 to 0.79, Holm p < 0.001, n = 798 respondents). Of the 24 tested segment levels, 24 held after Holm control.
Comparison of Associations Across the Four Measures
| Measure | Form | Unit | n | r | 95% CI | p | Equivalent to zero | Rank among the four |
|---|---|---|---|---|---|---|---|---|
| Cancellation rate | Identity, 1.00 by construction, the block is this measure | |||||||
| Customer satisfaction | Clean estimate | Engagement | 94 | Not computable, the indicator or the measure is constant in this row | ||||
| Engagement indicator mean | Full | Engagement | 150 | −0.72 | −0.79 to −0.63 | < 0.001 | No | 2 |
| Intent to leave | Respondent level, clustered | Respondent | 798 | 0.76 | 0.70 to 0.81 | < 0.001 | No | 1 |
| Pair compared | Difference in r | Steiger z | p | Holm p | Reading |
|---|---|---|---|---|---|
| Cancellation rate and customer satisfaction | Identity, not compared | ||||
| Cancellation rate and engagement indicator mean | Identity, not compared | ||||
| Cancellation rate and intent to leave | Identity, not compared | ||||
| Customer satisfaction and engagement indicator mean | −0.22 | −11.19 | < 0.001 | < 0.001 | Differ |
| Customer satisfaction and intent to leave | −0.14 | −8.90 | < 0.001 | < 0.001 | Differ |
| Engagement indicator mean and intent to leave | 0.08 | 2.90 | 0.004 | 0.004 | Differ |
Pairs were compared on the engagement level form of every measure, each turned so that a higher value was the better outcome, on the 150 engagements where the indicator and all four measures existed. Of the 3 pairs, 3 differed after Holm control.
Clustering and Effective Sample Size
Not applicable. The field was recorded once per engagement, so every respondent in an engagement shared one value.
Equivalence Tests of Null Results
| Measure | n | r | Equivalence bound | TOST p, lower | TOST p, upper | Equivalent to zero | Achieved power | MDE at power 0.80 | Detection floor for this n |
|---|---|---|---|---|---|---|---|---|---|
| Cancellation rate | Identity, not a finding | ||||||||
| Customer satisfaction | Not computable, the indicator or the measure is constant in this row | ||||||||
| Engagement indicator mean | 150 | −0.72 | |r| < 0.30 | 1.000 | < 0.001 | No | 0.96 | 0.23 | 0.23 |
| Intent to leave | 798 | 0.76 | |r| < 0.30 | < 0.001 | 1.000 | No | 1.00 | 0.10 | 0.23 |
No measure showed a tested null. No result was inconclusive. The detection floor column is the study floor at 150 engagements.
Robustness Checks
| Check | Measure | Primary r | Check r | 95% CI | Change | Conclusion holds |
|---|---|---|---|---|---|---|
| Rank correlation in place of Pearson | Engagement indicator mean | −0.72 | −0.75 | a | −0.03 | Yes |
| Rank correlation in place of Pearson | Intent to leave | 0.76 | 0.78 | a | 0.02 | Yes |
| Active engagements only | Engagement indicator mean | −0.72 | b | a | Not computable | |
| Active engagements only | Intent to leave | 0.76 | b | a | Not computable | |
| Most influential engagement removed (largest Cook’s distance) | Engagement indicator mean | −0.72 | −0.73 | −0.80 to −0.65 | −0.01 | Yes |
| Most influential engagement removed (largest Cook’s distance) | Intent to leave | 0.76 | 0.77 | 0.74 to 0.80 | 0.01 | Yes |
| Engagements weighted by respondent count | Engagement indicator mean | −0.72 | −0.72 | a | 0.00 | Yes |
| Bootstrap of engagements | Engagement indicator mean | −0.72 | −0.72 | −0.78 to −0.65 | 0.00 | Yes |
| Bootstrap of engagements | Intent to leave | 0.76 | 0.76 | 0.70 to 0.81 | 0.00 | Yes |
| Thin-base segments removed | Engagement indicator mean | −0.72 | −0.73 | −0.82 to −0.61 | −0.01 | Yes |
| Thin-base segments removed | Intent to leave | 0.76 | 0.75 | 0.71 to 0.79 | −0.01 | Yes |
Each change was computed before rounding, so it can differ by 0.01 from the difference of the two printed values.
Rows for cancellation rate are left out because this indicator is that measure (V15-R21). Every computable check held. 2 checks could not be computed, as the table shows. A check holds when its test lands on the same side of 0.05 as the primary test and, where the primary test is below 0.05, its r keeps the primary sign. Thin-base rule: engagements in any level under 30 engagements of outsourcing model or process family removed. Institution type is not used, because every one of its levels is under 30.
Measure Independence and Part-Whole Correction
The measure against itself is 1 by construction and is not a finding. The other three were computed from other data.
Comparison with the Study Norm
Not applicable. A measure has no profile against itself.
Interpretation of the Data
Every robustness check that could be computed held on this measure (9 of 11 checks, 2 not computable). Cancellation came with a lower engagement indicator mean (r = −0.72, 95% CI −0.79 to −0.63, p < 0.001, n = 150 engagements) and higher intent to leave (r = 0.76, cluster bootstrap 95% CI 0.70 to 0.81, p < 0.001, n = 798 respondents).
Limitations
The evidence is reported experience: what the delivery team said about its own engagement, gathered in one cross-section. The figures showed associations, not causes. Indicators about the financial institution were reported at second hand by vendor staff. Cancellation is a descriptive contrast, because canceled engagements were rated after they ended.
Segment levels at anecdote strength were Private equity and private capital, Credit, underwriting and suitability, Regulatory, audit, tax and legal, and Financial crime and client onboarding (n = 9, n = 9, n = 9, n = 7). Part of the robustness checks could not be computed on this measure (9 of 11 checks, 2 not computable).
Definitions
| Term | Definition |
|---|---|
| Response scale | As recorded, shown in Table 1. The indicator is not a rating, so no distressed range is defined. |
| Answering base | The engagements on which the value is recorded. |
| Non-answers | None. The value is recorded for every engagement. |
| Indicator class | Engagement attribute: a property of the engagement rather than of the respondent. |
| Failure category | One of the five failure categories of the Study Taxonomy, section 3. Only the 100 rated indicators carry one, and the indicator is not among them. |
| Engagement indicator mean | The mean of an engagement’s 100 indicator ratings. |
Sources and Provenance
| Item | Value |
|---|---|
| Study data | Study Data.xlsx, Engagements sheet, sha256 219eba0457274d04 |
| Statistics engine | compute_statistics.py, sha256 738319eef764602b |
| Statistics record | Computed Statistics.json, record MEASURE:cancellation, sha256 e405f65a43e37a6e |
| Computed | October 8, 2026, 01:38 UTC |
| Template | Indicator Statistical Analysis Template, version 1.1 of 2026-10-06 |
| Figures placed by script | 973 of 973 |
