Transformational success with a contingent team

FINANCIAL SERVICES

Background

Our financial services client, experiencing significant growth through both organic expansion and acquisitions, needed to embark on a series of high-profile and business critical transformation projects. The primary goal was to consolidate finance and claims systems across the entire business group. The urgency of this initiative demanded additional resources, specifically skilled contractors, to ensure timely project delivery.

Challenge

The demand for contractors with expertise in similar transformational projects within the regulated sector was high. The critical nature of the project required professionals capable of making immediate contributions under tight deadlines and seamlessly integrate into the corporate culture and bridge the gap between stakeholders.

Solution

Vermelo was enlisted by the Programme Director to build a contingent team of fifteen highly skilled contractors covering business analysis, systems consultancy, quality assurance, project, and programme management. Leveraging on our industry-specific knowledge, our contractor compliance, IR35 and our recruitment expertise, we initiated a targeted search within our extensive candidate networks.

Our dedicated team presented a shortlist of thoroughly screened candidates to the client, highlighting detailed information about their previous experiences. Importantly, 70% of the shortlisted candidates were already known to Vermelo, facilitating a far smoother integration into the project.

Results

The newly formed project change team proved to be highly experienced in similar transformational projects within the financial services market. Their existing knowledge played a pivotal role in the overall success of the project.

The recruitment process achieved the following results:

Fifteen highly-skilled contractors hired within four weeks: A swift and efficient recruitment process ensured the timely onboarding of a fully functional team.

Expertise in finance and claims transformation projects: All hired contractors possessed in-depth knowledge of finance and claims transformation projects, including familiarity with existing and future technology platforms.

CV to Interview Ratio of 1.25:1: The shortlisting process was precise, with a ratio reflecting the quality of candidates presented to the client.

Interview to Offer Ratio of 100%: Every candidate interviewed was extended an offer, demonstrating the Vermelo teams ability to align between the presented candidates and the client's requirements.

Summary

Vermelo successfully navigated the challenges posed by the urgent need for highly skilled contractors in a critical transformation project for our financial services client. By leveraging our vast industry knowledge, highly skilled candidate network and our contractor compliance and recruitment expertise, we were able to deliver our client with a exceptional tailored team of experienced transformation experts that seamlessly integrated into the corporate culture of our client, ensuring the success of the consolidation initiative. The fantastic results underscore the effectiveness of our approach, showcasing swift recruitment, high-quality hires, and a project team well-equipped for the task at hand.

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