How a Startup Saved Over $490,000 on Talent Acquisition
A fast-growing e-commerce company faced a critical challenge: rapid growth demanded a significant increase in their workforce, but traditional recruiting methods were proving costly and time-consuming. With limited resources and a tight budget, they needed a solution that would enable them to attract top talent efficiently and cost-effectively.
Fractional Recruiting was the solution to scale quickly with limited resources.
The Challenge:
Rapid Growth: The startup experienced explosive growth, requiring them to quickly fill 15 key roles across various departments.
Limited Resources: As a young company, they did not have a Recruiter or human resources department.
High Costs: Traditional methods like executive search firms and staffing agencies would have incurred exorbitant placement fees, exceeding $490,000.
Varying roles requiring expertise - talk about how I had our warehouse recruiter fill the warehouse, that our executive recruiter filled an executive board role. We have industry experts that have deep networks.
The Solution:
This company partnered with People Architects, leveraging our fractional recruiting model. This unique approach provides organizations with access to experienced HR professionals on a part-time or project-based basis. Our team:
Developed a comprehensive recruitment strategy: We analyzed the company's needs, identified target markets, and crafted compelling job descriptions.
Sourced and screened candidates: We utilized a multi-channel approach, including job boards, social media, and our extensive network, to identify and pre-screen qualified candidates.
Managed the entire hiring process: We conducted initial phone screens, scheduled interviews, and provided guidance on salary negotiation and offer acceptance.
Part of your team: Our recruiters host weekly update meetings, join town halls, and other meetings to better understand current and future needs along with pipeline for future needs based on growth plans.
The Results:
15 key roles successfully filled: The company was able to attract and hire top talent across all departments, including engineering, marketing, sales, and even an executive board role.
Significant cost savings: By utilizing our fractional recruiting model, our client saved almost $500,000 in placement fees compared to traditional recruiting methods.
Increased efficiency: Our streamlined approach significantly reduced the time-to-hire, allowing our client to quickly scale their team and maintain their competitive advantage.
Fractional Recruiting allowed the growing company significant cost savings on talent acquisition.
Key Takeaways:
Fractional recruiting offers a cost-effective and efficient alternative to traditional recruitment methods.
Access to experienced HR professionals can significantly improve the quality of hire and reduce time-to-hire.
You have access to a strong recruitment team without the expense of a full-time employee.
This client’s success story demonstrates the power of fractional recruiting in helping businesses achieve their talent acquisition goals while minimizing costs and maximizing efficiency.
Facing hiring challenges? Let's talk! Our team of HR experts can help you build a winning team.
