Corporate Accounting & Finance Overhaul

The Challenge

A real estate company with aggressive hiring requirements needed to add accounting, tax, finance and audit staff to its corporate headquarters without continuing to incur the exorbitant fees of external search firms.  While the costs were burdensome, the need for local, accounting niche expertise was undeniable.  The CEO mandate was to find a solution that would both satisfy the strenuous  and complicated staffing demands, as well as drastically reduce agency spend.

The Solution

TalentWoo placed one of its own, local staffing experts on-site to serve as Staffing Manager.  With access to our platform, tools, resources and team, the On-Site Manager began to build relationships with the executive team, directors and hiring managers to thoroughly understand the culture and required competencies.  Creating talent pipelines, negotiating and forging new outsourced agency programs with guidelines, structuring a formal candidate interview process, and establishing relationships with local universities, all hiring was done in-house.

Accounting & Finance Hires Made

Average Salary ($)

Total Compensation of Jobs Filled ($)

%

Recruiting Cost Ratio

12-month Cost Savings ($)

12-month Cost Savings ($)

Actual YOY Cost Savings ($)

(Compared to Internal Recruiting Department)

(Compared to External Agency)

Happy Hiring Managers

Just wanted to reach out and provide some feedback. Internal Audit has difficult roles to fill, and (“Recruiter”) understands my needs and those of my department.  He aligned my needs with all proposed candidates,  and filled 3 of my roles when no one else could.  All positions are still filled and I’m happy. What else more can I say! Thanks for all you did for me and the department.
Director Internal Audit

Los Angeles, CA

SNAPSHOT OF ROLES FILLED
Title

                 Salary

Agency Fee Saved
Internal Audit Manager                115,000.00 $23,000.00
BI Developer                127,500.00 $25,500.00
Treasury Director                145,000.00 $36,000.00
Senior Financial Analyst                  95,000.00 $19,000.00
HR Generalist                  95,000.00 $19,000.00
AP Supervisor                  62,500.00 $12,500.00
Internal Auditor                  65,000.00 $13,000.00
Senior Accountant                  70,000.00 $14,000.00
Yardi Support Specialist                  80,000.00 $16,000.00
Manager Treasury Services                  90,000.00 $18,000.00
Senior Accountant                  83,000.00 $16,600.00
BI Reporting Manager                  85,000.00 $17,000.00
Investor Relations Analyst                  92,000.00 $18,400.00
Middleware Developer                  97,000.00 $19,400.00
  • 2012 Agency Spend 100% 100%
  • 2013 Agency Spend 90% 90%
  • 2014 Agency Spend 66% 66%
  • 2015 Agency Spend 0% 0%

Problem Solved.

Beginning to attack the challenge at the end of 2013, we were able to shift perceptions at the corporate level.  Managers began to trust that internal resources could perform as well, if not better, than external agencies.  The impact was felt almost immediately as we began to make high-calibur hires and build strong internal relationships.  Within 24 months, external agency dependence was eliminated and an Agency Vendor Program put in place to manage and control staffing costs incurred at corporate headquarters.