Global Asset Management Firm Transforms Hiring, Achieves Diversity Goals and Cost Savings: Case Study

Business challenge

Our client, a firm managing over $300 billion in assets, faced a myriad of talent challenges. High turnover, inconsistent hiring practices, and a lack of diversity were hindering their progress. These challenges not only led to a disjointed experience for candidates and new hires but also incurred substantial expenses.

Our solution – MRX 

Working closely with HR, we built a custom talent process and managed it from job posting, to search, to hire. A dedicated Account Manager ensured a smooth flow for all open jobs, provided education on best-in-class recruitment practices and helped the firm navigate through changing talent regulations (IR35).

Outcome

• We streamlined their hiring experience, placing 60-70 people per year
• Cost efficiency was achieved with a remarkable 40-50% reduction in hiring-related spend YOY
• Transparent diversity stats at every job level gave hiring managers the insight needed to achieve People Team and diversity goals

Success factors

• One point of contact, a dedicated Account Manager working internally with the HR teams and hiring managers
• Streamlined, custom hiring process was built around existing internal systems and portals
• Webinars and education on changing talent landscapes ensured compliance with new regulations including IR35
• As a trusted advisor, we introduced our partners in Ezra and CT&M to holistically boost the colleague experience with coaching, internal mobility and (when needed) outplacement services