Case Study
10% Of Direct Savings For Financial Services Group
ERA finds financial services group savings in recruitment costs
ERA consultants have implemented changes which are delivering direct savings of $1 million per annum.
The Expense Reduction Analysts (ERA) Challenge
The client is one of Australia’s major financial services groups and spends in excess of $10 million per annum on temporary and permanent recruitment. The group employs in excess of 1500 people nationally.
The group was dealing with a large number of recruitment agencies. The challenges were to
- Rationalise the number of agencies
- Improve recruitment processes
- Improve quality of candidates recruited
- Reduce recruitment costs
The Expense Reduction Analysts Solution
Significant results were gained with a minimal investment of client staff time, including:
- 80% reduction in the number of recruitment agencies
- Streamlining of recruitment processes
- Recruitment process improvement, utilising performance indicators and quarterly feedback for agencies
- Resulting decrease in staff turnover
- Helping the company clarify issues of responsibility and accountability in their recruitment, and as predicted, through process and price improvement producing significant savings.
Project Information
- Category: Recruitment
- Industry: Financial Services
- Savings: 10%