Enhancing Tech Transformation with DEI and Talent Creation

Client Overview

Our client is a prominent financial services regulator recognized for its high-performing technology teams responsible for enforcing industry regulations in the financial markets. Their technology teams excel in engineering, cloud computing, data science, and cybersecurity.

The Problem

The client faced several critical challenges:

• Budget Constraints: At the time, the client had limited resources to offer competitive engineering salaries, making it challenging to attract and retain top talent.
• Great Resignation and Talent War: During the period from 2020 to 2022, the client struggled to retain its tech talent amid the "Great Resignation."
• Clogged Talent Pipeline: It became evident that a robust talent pipeline was necessary to support the growth and development of intermediate and senior technologists.
• Diversity Gaps: The client recognized the need to enhance diversity and inclusion within its technology workforce, as it lacked representation for underserved and underrepresented groups.

The Solution

To address these challenges, a comprehensive solution was implemented:

Talent Strategy Mapping: A strategic talent roadmap was developed with diversity, equity, and inclusion (DEI) at its core. This initiative aimed to foster an inclusive and diverse workforce.

Custom Training Program: A custom training program was established, focusing on the most in-demand skills, including cloud and DevOps, QA/test automation, data engineering, cybersecurity, and software engineering.

Talent Creation as a Service: A model based on Talent Creation as a Service was implemented, streamlining the sourcing, training, and deployment of highly skilled, diverse technology talent. This approach ensured a strategic onboarding process.

Community and Engagement Strategy: A comprehensive community and engagement strategy was developed to enhance long-term retention. This strategy was designed to combat the challenges posed by the "Great Resignation" and The War on Talent.

The Outcomes

Rapid Deployment of Diverse Talent: The client was able to quickly receive deployments of custom-trained diverse technology talent, enabling them to reliably scale their teams in critical areas such as cloud and DevOps, QA/test automation, data engineering, cybersecurity, and software engineering.

Time to Hire and Efficiency: Time to hire was significantly reduced, and the efficiency of the internal talent teams was increased, ensuring a more streamlined recruitment process.

Improved Project Delivery: The client consistently met project deadlines due to a more sustainable and strategic talent pipeline, reducing project delays and ensuring more predictable outcomes.

Enhanced Retention: By leveraging our people, community, and engagement strategy, early career talent retention increased to an impressive 90%. This strategy was centered around fostering inclusion and a sense of belonging.

Summary

As a result of this partnership, Strategio has become the exclusive provider of early career diverse tech talent, supporting the client's tech transformation and modernization efforts. This partnership has been instrumental in increasing diversity, equity, and inclusion for underserved and underrepresented groups in the enterprise IT space. Together, the client and Strategio are committed to driving innovation and ensuring a more inclusive and talented workforce in the financial services industry.