Sourcing and Recruiting Technology Talent for a Banking and Wealth Management Client

Sourcing and Recruiting Technology Talent for a Banking and Wealth Management Client

With a growing demand for qualified tech talent to meet the workforce expectations of its 1000+ bank branches in the U.S., the Client was seeking a partner to assist with the sourcing and recruiting of IT candidates. Finding quality candidates with digital skillsets proved to be difficult at a time when demand is high and the number of workers that possess the required abilities is low.

The Acara team worked collaborative with the Client to gain a comprehensive understanding of the skill level and experience required for each role and identify unique differentiators to share with candidates to build excitement. Read the case study to learn how our team was able to produce the top talent needed to deliver eleven successful placements, including a high-caliber, hard-to-reach candidate being courted by a Silicon Valley tech company.

  • The Client

    With over 150 years of providing banking and wealth management services, the Client operates 1000+ branches in the U.S. and employs 22,000+ workers.
  • The Situation

    With a growing demand for qualified technology talent, the Client was seeking a partner to assist with the sourcing and recruiting of information technology (IT) professionals. The organization turned to Acara to help address its talent needs. Our team of recruitment specialists needed to prescreen and qualify all candidates and conduct pre-employment verifications—including criminal background checks and fingerprinting. In addition, the Acara team arranged and coordinated interviews between qualified candidates and the Client’s hiring managers.
  • The Challenge

    To successfully fill the Client’s IT positions, the Acara team of expert sourcers and recruiters would be required to: One, Compete against several other talent acquisition firms—in the same market and candidate pool—to recruit premier tech talent, two recruit high-quality talent—in an emerging tech hub—to meet the Client’s workforce expectations, three, attract candidates willing to work in an office environment. Pre-COVID pandemic, the Client was not open to remote work options, and four, fully understand the skill level and experience required for each role and identify unique differentiators to share with candidates to build excitement. The Client did not allow our team to conduct intake calls with the hiring manager

The Client

With over 150 years of providing banking and wealth management services, the Client operates 1000+ branches in the U.S. and employs 22,000+ workers.

The Situation

With a growing demand for qualified technology talent, the Client was seeking a partner to assist with the sourcing and recruiting of information technology (IT) professionals. The organization turned to Acara to help address its talent needs. Our team of recruitment specialists needed to prescreen and qualify all candidates and conduct pre-employment verifications—including criminal background checks and fingerprinting. In addition, the Acara team arranged and coordinated interviews between qualified candidates and the Client’s hiring managers.

The Challenge

To successfully fill the Client’s IT positions, the Acara team of expert sourcers and recruiters would be required to:

  • Compete against several other talent acquisition firms—in the same market and candidate pool—to recruit premier tech talent.
  • Recruit high-quality talent—in an emerging tech hub—to meet the Client’s workforce expectations.
  • Attract candidates willing to work in an office environment. Pre-COVID pandemic, the Client was not open to remote work options.
  • Fully understand the skill level and experience required for each role and identify unique differentiators to share with candidates to build excitement. The Client did not allow our team to conduct intake calls with the hiring manager

The Solution

To optimize our recruiting efforts, Acara leveraged a team that consists of the following resources: 1 lead recruiter and 2-3 recruiters

While the demand for employees with digital skillsets is high, the number of available workers that possess the required abilities is low. The Acara team helped the Client to understand the need to recruit remote tech talent.

The Conclusion

Since beginning our partnership in June of 2021, Acara has helped the Client fill the following tech positions:

  • Artificial Intelligence (AI) Developer
  • Automation Developer
  • Business Systems Analyst
  • Finance Business Systems Analyst
  • Scrum Master
  • Software Engineer III
  • Sr. Technical Engineer
  • Director of Enterprise Architecture
  • Technical Engineering (Banking)

Due to our commitment to excellence, the Acara team has made 19 job offers to produce the caliber of candidates needed to achieve the following results:

  • 61.3% interview-to-offer ratio
  • 11 total IT hires
  • 6.5 months average tenure with most workers still on assignment

Program Results

  • 61.3%

    interview-to-offer-ratio
  • 11

    total IT hires
  • 6.5

    months average tenure

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