Proven Results Embedded & Cost-Efficient Recruitment
This case study features a high-growth client that partnered with VSP to scale efficiently, cut hiring costs, and streamline recruitment. Through an embedded, data-driven approach, VSP delivered 19 hires, reduced time-to-hire, and saved over $500,000 in agency fees.
The Problem
A confidential client of Venture Search Partners had raised a 100 M series B funding 16 months prior to our engagement. Initially, the client had used traditional contingent recruiting firms to hire roughly 30 people and spent roughly $2.5M in agency fees to achieve this. Looking for an alternative solution to increase efficiency and lower their cost-per-hire, they engaged Venture Search Partners to hire 19 people...
Performance Highlights
Successfully scheduled, coordinated and performed:
28
Offers
200+
Hiring Manager/ Technical screens
400+
TA screens
2000+
candidates added to pipeline
125+
Panel Interviews and Debriefs
19
Offers Accepted
-
Reduced interview process to an average of 8 days from 15 days.
-
Created employment branding, that resulted in an increase of 250% of incoming applicants.
The Work
Engagement Financials
Total Saved
$505,200
Offers Accepted
Salary Total
Average Salary
Total VSP Billed
Agency Cost @25%
Agency Cost @20%
VSP Cost Per Hire
Agency Cost Per Hire @25%
Agency Cost Per Hire @20%
19
$2,964,000
$156,000
$235,800
$741,000
$592,800
$12,410
$39,000
$31,200
Positions Filled
Quantity
Total Saved
19
Machine Learning Engineer
Software Engineer
Data Scientist
Data Analyst
Director Of Product
Technical PM
Supply Chain Analyst
Legal Analyst
Finance Analyst
People Operations
2
4
3
2
1
1
2
1
2
1
Positions Filled
Quantity
Total Saved
19
Machine Learning Engineer
Software Engineer
Data Scientist
Data Analyst
Director Of Product
Technical PM
Supply Chain Analyst
Legal Analyst
Finance Analyst
People Operations
2
4
3
2
1
1
2
1
2
1
Engagement Financials
Total Saved
$505,200
Offers Accepted
Salary Total
Average Salary
Total VSP Billed
Agency Cost @25%
Agency Cost @20%
VSP Cost Per Hire
Agency Cost Per Hire @25%
Agency Cost Per Hire @20%
19
$2,964,000
$156,000
$235,800
$741,000
$592,800
$12,410
$39,000
$31,200
The Work
The Result
Venture Search partners resources successfully placed 19 candidates inside the organization, saving the client over $500,000 in agency fees. The engagement also successfully resulted into two hires EMEA hires. As the hiring boom slowed, we successfully transferred the data and pipelines to the internal TA team.