Global Financial Services RPO Success Story

A global financial services company was growing rapidly and needed to implement a Vendor Management System (VMS). They were looking to implement several solutions and midway through the process, they proposed some recruiting help that morphed into a VMS software implementation.

The client had received bids from several VMS software companies in the area of $100,000. The on-site recruiter took on the project of looking into options as part of the current engagement. The existing Applicant Tracking System was investigated and meetings with the ATS Company were completed. It was determined after these meetings that the existing ATS had a VMS option and that the software agreement with the ATS company included the WMS option. The VMS software was turned on at no cost to the client. The VMS was implemented and, within a week, resumes were being submitted by vendors through the ATS/VMS portal.

Foxhound Client Success

An international telecommunications company had a short-term need to hire hundreds of new IT employees to staff a new business division. Foxhound implemented a Recruitment Process Outsourcing solution that blended sourcing, recruiting, administration, and self-service. The solution expedited the recruitment process, resulting in a reduced cost per hire of 70% as compared to an in-house solution.

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A multinational professional services network required recruiting more than 200 financial management and audit readiness employees in three months. Foxhound created a sourcing solution to staff a capable recruiting team, sourced highly qualified resources, supplemented the company’s current recruiting efforts and produced 15 candidates per week for three months. 

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A global consulting company needed to better maximize the use of their Application Tracking System through training and process improvements. Foxhound designed and implemented an ATS process that blended the client’s needs with best practices to automate the necessary steps and reduce manual action. Training classes were provided to the corporate training group, leading to improved outcomes.

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A manufacturing company was paying IT placement fees while recruiting for more than 60 divisions. The job openings were often duplicated, causing candidate and internal confusion. Foxhound implemented an IT Recruitment Process Outsourcing solution, and Applicant Tracking System, that reduced the cost per hire by more than 50 percent, cut recruitment time in half, and dramatically improved recruiting efforts.

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A financial services company needed to implement a Vendor Management System (VMS) to manage hiring needs. Foxhound evaluated the requirements of their existing system and determined that the existing Applicant Tracking System already contained a VMS. Foxhound implemented the VMS functionality within a week, negating the need for a new ATS system while saving money and time.

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A technology outsourcing company was tasked with reducing hiring fees for 1,000+ new employees per year. Foxhound recommended an on-site staff model for the client. A  global recruiting management system (ATS) using vendor scorecards and stricter hiring methods was implemented, augmented by an Agency hiring model for hard-to-fill positions. The solution saved the firm over 60% in hiring costs in the first year.

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A global sporting goods manufacturer purchased a division and needed to hire IT employees to staff the new division while legacy staff handled regular recruiting needs—all during a short timeline. Foxhound implemented a blended on-site, off-site talent acquisition methodology that complemented the existing recruiting model while delivering lower recruiting costs for the new IT hires—on time and at the desired cost.

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