Project Info
Industry
Banking & Finance
Challenge
The financial institution we partnered with faced several challenges in their Know Your Customer (KYC) recruitment process. Limited awareness among campus students about KYC roles and their importance in the banking industry hindered the talent pipeline. There was also a significant skills gap between the academic knowledge of students and the practical skills required for KYC roles. Additionally, the financial sector faced stiff competition from other industries, making it challenging to attract students. Furthermore, the selection of candidates from diverse locations introduced communication challenges due to regional accents and pronunciation patterns.
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Awareness Campaigns
Conducted campaigns, workshops, seminars, and presentations with universities to educate students about KYC, career opportunities, and regulatory compliance.
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Internship Program
Introduced a KYC-focused internship program to bridge the skills gap, providing practical experience to students.
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Campus Ambassadors
Previous interns appointed as campus ambassadors to act as brand ambassadors, sharing positive experiences and knowledge.
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Collaboration with
Career ServicesPartnered with university career services departments to participate in career fairs and on-campus recruitment drives.
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Awareness Campaigns
Conducted campaigns, workshops, seminars, and presentations with universities to educate students about KYC, career opportunities, and regulatory compliance.
-
Internship Program
Introduced a KYC-focused internship program to bridge the skills gap, providing practical experience to students.
-
Campus Ambassadors
Previous interns appointed as campus ambassadors to act as brand ambassadors, sharing positive experiences and knowledge.
-
Collaboration with Career Services
Partnered with university career services departments to participate in career fairs and on-campus recruitment drives.
Benefits
iFocus implemented a comprehensive strategy to address KYC recruitment challenges. This initiative significantly improved recruitment efficiency, cost-effectiveness, and the overall reputation of the organization.
Access to Fresh Talent
Skill Alignment
Long-Term Talent Development
Organizational Reputation and Branding
Impact on Business
The comprehensive initiatives undertaken by iFocus in KYC recruitment significantly transformed and streamlined the process. It resulted in a more efficient recruitment system, considerable cost savings, and the establishment of a sustainable talent pool.
Efficient Recruitment
Cost Savings
Sustainable Talent Pool
Positive Brand Image
Conclusion
In summary, iFocus's comprehensive efforts in KYC recruitment delivered enhanced efficiency and substantial cost savings, while also establishing a sustainable talent pool and elevating the client's brand image.
Enhanced Efficiency
iFocus's multifaceted approach streamlined KYC recruitment, creating a more efficient process.
Cost Savings
The initiatives resulted in significant cost savings for the client.
Sustainable Talent Pool
The recruitment strategies established a sustainable talent pool and improved the client's brand image.