Helping a fintech company reduce its attrition rate by 10% from a high of 57%

Industry
Fintech
Offering provided
Fractional HR

Background & overview

An established Fintech organization specializing in accounting and financial services  wanted to scale their business and were facing higher rates of attrition. We helped them with our industry bench-marking reports and skill based role planning to achieve the business objectives.

Challenges faced
  • Limited talent pool
  • Intense industry competition
  • Lack of employee engagement and motivation
  • Inadequate compensation and benefits

Business objectives

1
Scale the business 2X
2
Upscale the workforce
3
Curb higher attrition rates

Solutions implemented

Skill based role planning

Ascertaining right role value

Compensation benchmarking

Benchmarking with industry

Employee engagement practices

Arriving at levers to motivate talent to stay back

Results and impact

1
Drop in attrition rates due to thoughtful interventions which mapped employee pursuits to the growth story of the org.
2
Preparation of benchmarking report and Employer Branding framework, provided client with root issue as well solution to plug it.
Working with team ASVI helped us with their thoughtful interventions, including role value assessment, benchmarking, and a motivating talent retention strategy, resulting in a remarkable drop in attrition rates. Not only did they provide us with a clear understanding of the issues at hand, but they also equipped us with a robust benchmarking report.
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company name