The Challenge
As Concept FS expanded, their recruitment needs became increasingly complex. They required a reliable pipeline of talent to support their growing client base, yet their in-house recruitment processes were time-consuming, inconsistent, and not scalable. They faced issues in:
- Attracting quality candidates with niche financial expertise
- Managing recruitment for multiple roles across various regions
- Dealing with the administrative burden of tracking applications, on-boarding and payrolling temp staff members
Concept FS needed a solution that could streamline their recruitment process, reduce time-to-hire, and improve candidate quality.
The Solution: Myn as RPO
Myn took over as Concept Financial Services' Recruitment Process Outsourcing (RPO) provider, offering a fully integrated Source to Pay solution. Our approach was designed to not only meet their immediate hiring needs but to proactively build a pipeline of talent for the future.
- Build Custom Talent Pools: Myn’s AI-driven platform curated a bespoke talent pool for Concept FS, specifically focusing on candidates with financial expertise. This allowed the firm to have access to a pre-vetted pool of candidates ready to be engaged as soon as roles became available. By showcasing Concept's own brand and messaging throughout the recruitment process, we attracted candidates who were genuinely interested in working with the company.
- Seamless Candidate Sourcing: Through machine learning, Myn matched candidates to roles based on specific job requirements, past experience, and skill sets. Myn’s AI-driven score and ranking reduced the manual effort in screening and improved the overall quality of applicants.
- Reduced Administrative Burden: Myn’s platform automated much of the administrative side of recruitment – from scheduling and running interviews to processing applications and onboarding. This allowed Concept FS to focus on their core business rather than dedicating resources to recruitment logistics.
- Improved Time-to-Hire: With Myn’s proactive approach, Concept Financial Services saw a significant reduction in time-to-hire. The AI-powered platform enabled faster identification of suitable candidates, speeding up the recruitment process from weeks to days.
- Better Candidate Engagement: Every step of the recruitment journey was aligned with Concept’s brand. From the initial job postings to the interview process, we made sure that potential candidates understood the company’s values and goals. This branding helped to build stronger engagement and retention, especially for candidates transitioning from temp to fixed-term roles.
The Results
By partnering with Myn, Concept Financial Services achieved significant improvements in their recruitment process:
- 40% reduction in time-to-hire: The AI-driven talent matching significantly reduced the time it took to fill key roles.
- 20% increase in candidate quality: With more relevant candidates being presented, the overall quality of hires improved.
- Complete recruitment automation: Myn took over the administrative tasks of recruitment, freeing up internal resources.
- Scalable recruitment model: As the company continues to grow, Myn’s RPO solution adapts to their evolving needs without the need for additional in-house recruitment resources.
