The client is a Princeton-based Fintech company providing a range of financial services such as corporate crowdlending, mobile point-of-sale (POS) payments, and individual marketplace lending.
Need for an Integrated Talent Management Solution
The client’s existing talent acquisition process involved heavy use of Excel spreadsheets and a tremendous amount of paperwork. The absence of an integrated platform for talent management had resulted in data silos, a result of which crucial information on candidates was often missed out.
All hiring-based communication was carried out using emails. The HR had to send multiple emails to confirm interviewer availability, schedule interviews through Teams, and seek candidate feedback. As the feedback forms were shared through emails, HR had to manually check these forms. Also, the feedback was usually late and not as detailed and specific as it should have been.
Silos formed across departments prevented timely sharing of information; the management and hiring managers had no visibility into which departments are hiring and how the hiring pipeline functioned.
Lack of a centralized platform to manage end-to-end talent acquisition
Spreadsheet and paper-based work made hiring cumbersome and time-consuming
Siloed data led to missing out on vital candidate information
Delayed feedback due to use of emails for hiring-related communication
Absence of a single source of truth hindered sharing of information across departments.
Damco collaborated with the client to design a Power Platform Solution to help their HR maintain a centralized repository and have all the data related to candidates, interviewer feedback, and open positions in one location.
Tailored Power Platform Solution
Streamlined Hiring Process Leading to Improved Operational Efficiency and Better-Quality Candidates