Case Studies

Rapid Recruitment Reinvented: Powering Growth for a Renewable Energy Innovator

A disruptive start-up in the renewable energy sector, headquartered in Crawley with 78 employees, encountered a critical HR challenge. Upon returning from leave, the HR Manager discovered that both their Financial Controller (FC) and Management Accountant had resigned, placing the company in a precarious position during a significant venture capital funding round. Without an FC, investor confidence and potential investment were at risk. At the advice of a mentor, the HR Manager sought assistance from Butler Rose and recruitment expert David Marchant.


The Challenge

As an emerging SME, the company had previously recruited at a leisurely pace but now required swift, industry-specific recruitment. They needed candidates with specialised experience in renewable energy's R&D Tax Credits and who were available for an immediate handover with the departing FC. Adding to the challenge was the industry's standard candidate notice period of 3-6 months, significantly reducing the available talent pool. It was the start-up's first time engaging a recruitment agency, adding a layer of apprehension for the CEO. 

The company required a comprehensive, cost-effective recruitment solution to quickly provide multiple candidates while ensuring a cultural and mindset fit.


Our Strategy

To tackle these recruitment needs, we engaged all key stakeholders to understand their challenges and shared successful case studies. Recognising the market constraints, we recommended a Retained Recruitment Partnership, prioritising the FC role to expedite the recruitment process.  


Key activities included: 

  • Comprehensive candidate searches using Butler Rose's Senior Candidate Pool, LinkedIn Recruiter, Reed, and my own network of senior finance professionals. 
  • Conducting face-to-face registration interviews with each candidate. 
  • Targeting competitors for potential candidates.
  • Conducting qualification and credential checks.
  • Utilising McQuaig Job surveys and psychometric testing to create ideal candidate profiles and assess final stage candidates.
  • Organising all interview logistics so the client could focus solely on attending decision-making interviews.

The Solution

Within four days, we presented eight suitable candidates for the FC role. Six candidates were interviewed in the first stage, and three progressed to the final stage, from which a role was offered on the same day. The entire FC hiring process was completed in an impressive 10 days. Simultaneously, we managed the recruitment of the Management Accountant, successfully securing a hire shortly after the FC. Filling these roles promptly played a crucial role in the company receiving more substantial VC funding than anticipated, driving rapid growth and technological advancement.

The Results

The positions were filled more quickly than expected, and with candidates whose salary expectations were modest, saving the company £10K in payroll costs. The new FC brought enhanced industry-specific expertise, boosting investor confidence and securing a 20% larger funding amount than projected. The stability of the finance team was restored, enabling smooth operations and furthering business goals.

Conclusion

The client successfully filled their critical positions with capable candidates, boosting investor confidence and allowing for strategic improvements in financial processes. The new FC quickly identified process enhancements that improved insights and reduced monthly reporting turnaround time. As a result, the client now considers Butler Rose their exclusive recruitment partner, an integral player in their ongoing business strategy and growth.

 

 

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