Liverpool Victoria cut people related costs and bank top talent with new recruitment system
Liverpool Victoria (LV), the UK’s largest friendly society, has upgraded its online recruitment system to include an integrated candidate screening solution.
This is powered by NorthgateArinso PeopleChecking and linked to StepStone’s i-GRasp Applicant Tracking system. The solution enables LV to recruit the best talent, ensure only the most suitable applicants reach interview stage, as well as make significant cost and headcount savings.
David Smith, Group HR Director, LV says: “Implementing the NorthgateArinso PeopleChecking system has enabled us to reduce our cost per hire and cut internal admin effort in referencing by 80%. It has also helped us to remain compliant with FAS regulations and employment.
“Recruiting people with the right skills and experience is a must if we are to succeed as a business. At a time when more people are applying for jobs and lack of job opportunities can cause some applicants to take risks and be economical with the truth, background checking is an imperative for a business based on trust like ours.”
Continually enhancing the way it interacts with its applicants is a priority for LV. Like many consumer brands it regards every applicant as both a potential employee and customer. NorthgateArinso PeopleChecking and StepStone together to provide a seamless recruitment process that improves the candidate experience, reduces the time to hire and can enable businesses to make significant cost savings.
David Smith adds: “The time between making the decision to hire a candidate and his or her start date has shortened, which not only helps recruiting managers and their teams but also improves the candidate experience.”
Tim Rooney, Director at NorthgateArinso PeopleChecking says: “Joined-up recruitment and screening is now a reality. By implementing a pre-defined vetting process LV, and other companies, can offer candidates a seamless recruitment experience.”
Matthew Parker, Managing Director of StepStone Solutions, UK says: “With competition for the really talented candidates still fierce in many industries, businesses need to become much smarter with their recruitment and keep focused on hiring costs. Our solution has enabled LV to implement a smooth recruitment strategy, and the interfaced candidate screening element now eliminates the time wasted while background checks are being completed, meaning hiring decisions can be made in a tighter timeframe.”
LV expects to use the process for its 1,500 – 2,000 recruits every year, who work across the country in a wide range of roles and the next stage for LV will be to implement the i-GRasp and PeopleChecking solutions for regulated roles.
