HR Vendor Selection for a Stock Trading Application Company
Transforming HR management for a technology firm
CLIENT
Liberator Securities
INDUSTRY
Technology, Finance
DURATION
8 Months
SERVICE
DX Strategy
Vendor Selection
Project Management
RELATED TOOL
HRM (Human Resources Management)
SUMMARY
Assisting a stock-trading startup in selecting a human resource management system to streamline payroll, manage a unique compensation scheme, recruiting process, and digitize manual HR processes. We conducted a thorough assessment of their HR policies and future needs, aiming to implement a learning management system and knowledge center. This ensures sustainable employee development and education as the company expands.
Internal Assessment
Vendor Selection
Project Management
2X
Faster Selection
0.5
FTE Saved
BACKGROUND
We partnered with Liberator Securities, a stock-trading startup, to select and implement a Human Resource Management (HRM) system aimed at streamlining payroll, managing a unique compensation scheme, optimizing the recruiting process, and digitizing manual HR operations. Our approach involved a thorough assessment of their current HR policies and future needs, focusing on implementing a learning management system and knowledge center to foster sustainable employee development as the company expands.
CHALLENGES
Liberator Securities faced several challenges: • Complex HR Requirements: Needed a system to manage unique compensation structures and automate manual HR processes. • Learning and Development: Required a system capable of accommodating future needs for ongoing employee education and development, although specific requirements had not yet been established by the client. • Budget Considerations: The client emphasized the importance of cost-effectiveness, leading to thorough negotiations with vendors to ensure a suitable financial arrangement.
WHAT WE DID
Our strategic approach included the following steps:
• Internal Assessment: Conducted a comprehensive assessment of Liberator Securities' HR policies, identifying gaps and future needs for scalable growth.
• Vendor Selection: Compared over six vendors, evaluating their capabilities to meet basic HRM requirements, provide an Applicant Tracking System (ATS) module, and offer extensive Human Resource Development (HRD) modules for future adoption.
• Project Management: Managed the entire selection process and facilitated thorough vetting sessions with vendors to ensure alignment with client requirements. Negotiated final terms to ensure mutual satisfaction.
OUTCOMES
Our collaboration with Liberator Securities yielded significant outcomes: • 2X Faster Selection: Accelerated the vendor selection process, enabling quick decision-making without compromising on quality or suitability. • Efficiency Gains: Achieved a 0.5 Full-Time Equivalent (FTE) savings through streamlined HR processes and automation. • Future-Ready Solution: Positioned Liberator Securities for sustainable growth with a scalable HRM system, including learning management and knowledge center functionalities.
By implementing a comprehensive HRM system and providing strategic project management, we empowered Liberator Securities to enhance operational agility, optimize HR processes, and lay a solid foundation for future success in the competitive stock-trading market.
