RadixThink : Employers > Testimonials and Case Studies

Case Study

CLIENT:
The client is a leading trading software development company which develops global trading, decision-support and risk management solutions for the world's premium investment banks. They cover the needs of the front and middle office, with full integration to ECNs and a range of fast and comprehensive analytics, transaction processing and order management. The client has offices in London, New York, San Francisco and Tokyo.

The requirement of this client was for two Senior Java Engineers for its NY office. They were in need of talent to help design and develop their real-time custom trading applications for capital markets using Java/J2EE technology. Candidates needed to have robust experience in delivering real-time, mission-critical, service-based Java applications and preferably a good understanding of J2EE and enterprise technology.

The candidates also needed to be strong in Core Java and Threading and ideally possessing work experience with trading systems before. The candidates also required the following:

The client informed us that such similar positions took at least two month to fulfill and asked us how much time would we take for filling these vacancies with the ideal candidates, as time was critical and the client was hard pressed to roll out its trading applications.

The moment RadixThink got the go ahead, it searched its talent community to see if it could find a perfect fit, including databases, job boards, utilized search engines, networks and blogs. Resumes were screened using the TRUFIT methodology and phone interviews were conducted by the hour. Within four business days, five shortlisted candidates were presented to the client along with their dossiers. Three more were presented in an additional two days.

Out of the total eight candidates, six were invited by the client for the first round of interviews and four of them moved on to the second round.

After the second round, the client narrowed down on two candidates and was able to make the hires within three weeks, as RadixThink only selected those candidates who could join fast. In the client's own words, finding such talented people in a short time frame was "a resounding success."

RadixThink used its extensive network and domain experience in the financial industry to reduce the time to hire by 60%. In addition, the client realized substantial cost savings. The typical agency fee is 25-30% of annual salary. By engaging RadixThink’s RPO services, the client had a dedicated team of recruiters working on this requirement and saved $40,000 on agency fees alone.