Creating a Recruiting Function For a Financial Services Company
Situation: FLUCTUATING HIRING NEEDS AND NO INTERNAL RECRUITING RESOURCES
Our client, a leader in financial process automation, procurement, and asset management services, experienced rapid growth fueled by acquisitions and heightened market demand. This surge led to fluctuating hiring needs that put considerable strain on their recruiting budget. Without an internal talent acquisition department, the organization relied predominantly on external agencies for staffing. To address these challenges, they sought a solution that would provide continuity, reduce costs, and deliver consistent results without the need to build an in-house recruiting team. After an extensive evaluation, they chose Advanced RPO as their strategic recruitment partner.
Solution: Creating a full-scale recruiting function
Advanced RPO established a comprehensive, end-to-end recruiting function for the client, including the implementation of an Applicant Tracking System (ATS) where none previously existed. Our solution encompassed all corporate and operational roles, from non-exempt to exempt positions. We designed a scalable recruiting process that adapted to their hiring needs, increasing from 30 hires per year to nearly three times that number. During the COVID-19 downturn, our pay-for-performance model helped the client avoid unnecessary recruiting costs.
We dedicated a specialized team to support the company’s hiring initiatives, ensuring flexibility with additional resources available to scale when demand increased. With positions spanning multiple disciplines and locations, Advanced RPO leveraged its extensive expertise to fill niche roles typically assigned to agencies. This strategic approach not only delivered significant cost savings but also ensured continuity and quality in the client’s recruiting efforts.
Results: Improved time to fill and hiring efficiency
Through our partnership, the client has successfully built a full-scale recruiting function and improved hiring efficiency across the board.
Process
Built a complete recruiting function from scratch including people, process, and technology.
TTF
Consistently met or exceeded time-to-fill goals while greatly reducing agency usage and fees.
Submittal-to-Hire
Improved submittal-to-hire ratio by focusing on Hiring Manager relationships.
Comprehensive support
Provided recruiting and hiring support for all roles from entry level non-exempt up to the CHRO.
“Very responsive. Great customer service. A good extension of our team!”
— Client Feedback