Leading Federal Financial Institution Addresses Hiring Surges With TekStream
About the Client
Enhancing the economic efficiency of the U.S. is the main focus of this nonprofit financial institution. Its top objectives are stabilizing pricing, maximizing employment and moderating interest rates for the public’s interest.
The Situation
The financial institution’s internal recruiting team was experiencing a significant hiring surge. Despite their efforts, the internal recruiting team could not keep up with the rapid increase in demand, resulting in delayed hiring and increased time to fill positions. The financial institution realized it needed a strategic recruiting partner to streamline its talent acquisition processes. TekStream was that partner.
Technologies Involved
The Solution
TekStream initiated the engagement by first assessing the financial institution’s needs and how to best support the institutions’ portfolio of banks in specific markets and the National IT division, which impacted all their banks nationwide. The organization wanted to fill several technical roles within six months in addition to positions that had been open for 90+ days. Roles that needed to be filled included:
• Cloud Architects
• Cyber Examiners
• Java Developers
• DevOps Engineers
• Network Architects
To build a pipeline of qualified talent that matched their requirements, TekStream first set out to conduct research. It leveraged real-time market data to understand the current demand for the outlined roles that needed to be filled and salary benchmarks.
TekStream also evaluated the current talent acquisition processes to provide recommendations to expedite hiring. The goal was to implement a talent acquisition process that would scale as the organization’s needs evolved while maximizing the use of internal recruitment technology via integrations. TekStream also set up analytics and reporting to facilitate data-driven recruiting decisions.
The information gathered was used to identify talent recruitment channels, build the talent pipeline, increase the volume of candidate outreach and enhance the current recruiting tech infrastructure.
Innovation
By leveraging TekStream’s recruiting strategy and fulllifecycle recruiters, the institution’s internal recruiting team was able to gain access to a wider talent pool. The organization filled over 100 positions out of 300 submitted applications within six months. TekStream also filled executive roles for the organization, such as Director, VP level and C-Suite leadership positions. Embedding TekStream’s full-lifecycle recruiters enabled the organization to leverage TekStream’s expertise to develop process improvement programs for team growth and development. TekStream also facilitated the development of training programs for full-time employees on the talent acquisition team.
“TekStream has provided the best recruiters I’ve worked with — possibly the best in my 25+ years as a hiring manager. They’re super organized and very focused on keeping an open communication channel. They stay on top of the recruiting activities (candidate sourcing, screenings, statuses, interviews, etc.) for the openings we’re recruiting for.”
– Senior Manager
Key Successes
- 300 qualified submittals within 6 months
- 100 filled roles within 6 months
- Multiple executive-level positions filled within 6 months
Location: Washington, DC
Industry: Financial Sevices
Employees: 3,000
Annual Revenue: $58.4 B
Enhancing the economic efficiency of the U.S. is the main focus of this nonprofit financial institution. Its top objectives are
stabilizing pricing, maximizing employment and moderating interest rates for the public’s interest.