Situation

Client needs help expanding company from only 2 employees, CEO and executive assistant to 50 in two months time.  

Main Challenges

1.Limited talent pool sources: major talent pool are from SOE and yet company needs to select talent that can fit  MNC culture.

2. Very short lead time to fill initial positions: 50 new open positions in 2 months, 1000 people in 5 years.

3.Talent demand changes frequently with external customer demand.

4.Mismatch cost of supply and demand are extremely high-talent, outsourcing is 100% of revenue stream.

5.Limited employer branding as a result of being a new company, also a fast changing demand creates anxiety in potential candidates.

New Leaders Approach

1. Year 1: New Leaders creates a design of competency model, assessment process and assessment center. Assessment center becomes 100% outsourced to New Leaders Consultants.

2. Year 2: New Leader provides recruitment outsource.

3. Year 3 and onwards:New Leaders provides ongoing online assessment products, TTT internal consultants and top leaders, model updates, and all employee talent development.

Impact

1. Year 1: New Leaders fills 58 highly technical positions in 2 months.
2. Year 2: Fills 47% of positions from external recruitment vendors; and 53% from internal referral(cost-effective).
3. Cost per hire drops 45% (‘07 vs‘08), and a further 8% (‘08 vs‘09).
4. From Year 2: 100% of new managers sourced from internal development.
5. New Leaders creates a high predicting power for future performance vs actual performance (90%+).