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GLOBAL FINTECH ACHIEVES 35%
REDUCTION IN RECRUITMENT COSTS
USING UNIQUE TAILORED APPROACH

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EXPLORE

ATTRACTING AND RETAINING THE RIGHT TALENT TO GROW YOUR BUSINESS CAN BE DIFFICULT ENOUGH. BUT AS OUR CLIENT FOUND OUT, WHEN YOUR RECRUITMENT PROCESSES AREN’T ALIGNED AND YOUR DESIRED TARGETS ARE BEING HOOVERED UP BY COMPETITORS, THE CHALLENGE CAN SEEM EVEN MORE DAUNTING.

4Finance are Europe’s fastest growing online and mobile consumer lending group and they operate across the globe. However, this ambitious organisation needed to refine some of their processes to maintain an upward trajectory. Their aims were simple: consolidate their position, further international expansion and launch a consistent product line across each location.

BPS have significantly reduced time to hire, simplified the fee structure and consolidated our supplier base by being our sole resourcing partner. They’ve also improved our processes, employer brand and understanding of the importance of a great culture in our business.

Stuart Watkins, Chief Information Officer – 4Finance

KEY ACHIEVEMENTS

Our tailored approach to recruitment and ability to think outside the box helped 4Finance save time, money and become a more attractive proposition

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Detailed review of current processes resulted in agreements with legacy recruitment suppliers.

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Creation of an embedded account team at 4Finance HQ in Belgrade.

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Developed internal hiring skills. ‘How to hire’ training programme implemented for the 4F management team.

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Developed and implemented a program to improve the global brand and culture.

THE PROBLEM

When we touched base in July 2015 it soon became clear that 4Finance had a number of pain points which needed addressing:

1. They needed to recruit fast and fill an initial 140 positions over a 6-month period. But the local talent market was tough and attracting candidates from larger EU markets was proving difficult due to wage disparity.

2. 4Finance’s people strategy and processes were fragmented and inefficient. Dealing with multiple recruitment partners mainly on a retainer basis made it hard to track performance and delivery.

3. Their global employer brand needed to match the company’s ambitions and be strengthened across the board to make 4Finance a more attractive proposition.

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THE SOLUTION

 

1) Our first point of action was to source candidates from the Czech Republic, Latvia and Poland. While this met with some success we needed to try a different approach to fulfil the client’s requirement. As a solution, our World Solutions team identified a highly-qualified talent pool available within the Ukraine, Russia, Belarus and Kazakhstan.

2) We deployed one single project management director who coordinated all aspects of delivery. Meanwhile, clients were kept in the loop via a bespoke web-based dashboard and a weekly update.

3) We developed a powerful global employer brand proposition. This included consistent branding/advertising across all mediums at all stages, from attraction through to interview and onboarding. To further enhance 4F’s culture, we implemented an intranet allowing employees across a range of locations to engage, communicate and collaborate simultaneously

THE RESULTS

ANOTHER TAILORED TTM SOLUTION.

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How does your talent strategy compare to the competition? We'd love to show you.

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