Grant Thornton are hiring in a space where there is a lot of competition for top accounting and finance talent. However, they had found that recruiters were approaching them with very high fees for key roles. So, they want a solution that could reduce their outsourced recruitment fees but they wanted to also ensure that they were only ever working with top quality consultants that were experts in their fields. Often Grant Thornton’s best results in hiring roles were from smaller boutique agencies. They wanted to be able to identify the best agencies to work with each time whether boutique or corporate. Moreover, they want to get the most attractive rates at the same time.
How TalentVine Helped
The first role Grant Thornton added to TalentVine had been with their panel of recruiters for four months without any successful hires. But they had made a hire for this position within two weeks on TalentVine. Because TalentVine enabled them to access a specialist recruiter that had recently placed a similar role. Therefore the specialist recruiter had a perfect candidate ready to submit. Grant Thornton now stipulate the maximum fees that they are willing to pay and our platform ensures that all recruiters that agree to work on these roles are doing so at, or below this rate.
Results and Return on Investment
As a result, TalentVine has been able to introduce Grant Thornton to new agencies that they hadn’t worked with previously by eliminating the risk associated with engaging new recruitment agencies. By selecting the recruiters to work with from a wider selection, this ensures they can leverage off the time and costs that some recruiters have already invested into placing similar candidates in other firms
– Two positions have now been hired through TalentVine.
– 100% of candidates made it past their probation period, reducing turnover associated with using disengaged or unsuitable recruitment consultants.
– Average non-exclusive fee paid: 17%