Achieving Big Savings and Steady Supply of Talent

Background

When the largest US-based investment banking leader looked to the future in 2018, they identified winning top talent as a strategic objective. However, their recruiting team was undersized for their growth projections, and the company relied heavily on high-cost agencies to direct source candidates. ​

A decentralized recruiting process allowed hiring managers to “own” their process. Often, they bypassed the internal TA going directly to agencies. Without a centralized process, they lacked accurate reporting, and were not able to measure agency performance or effectively move the needle on strategic diversity hiring objectives. 

Approach

Launch Centralized Total Talent Solution ​

Through a thoughtful implementation and change management plan, we launched a Total Talent solution that established processes for opening reqs for perm and contractors, approvals to engage high-cost agencies, and technology solutions to track and improve processes. Our solution delivered:

• Multi-tiered Sourcing Strategy
• Build Diverse Talent Pools
• Agency Vendor Management Program
• Process Improvement
• Data Driven Decision Making 
  
  
  

Program Impact

LevelUP executed a plan to reduce talent acquisition spend over the course of three years, by transitioning from agency usage to low fee / no fee sourcing strategies, passing cost savings to the client.​

The program was able successfully reduce the spend by 63% in year three while doubling total hires.  ​

In a competitive industry, LevelUP’s sourcing and recruiting strategies have proven effective with high-profile hires, garnering attention from financial services news outlets.