Health Metrics: Preparing to Continue Award Winning Growth
With Preacta, award-winning startup Health Metrics was able to create a comprehensive Talent Acquisition framework without sacrificing immediate and crucial hiring needs. Combining the strategic with tactical is one of Preacta’s differences.
Health Metrics, an intelligent solutions provider for health and well-being, was looking to set a new benchmark in recruitment and talent when it partnered with Preacta, a talent solutions firm that challenges the status quo through innovation and transformational impact.
To achieve its ambitious goals, Health Metrics needed help developing a best-in-class process for hiring and recruiting. Preacta stepped up to the challenge, offering market insights at the board level that could be used to make informed decisions. The team also provided guidance on developing Talent Acquisition frameworks and hiring processes, as well as an end-to-end rollout and implementation of an HRIS system and ATS.
The expertise of Preacta had a tangible effect on Health Metrics’ ability to attract top talent. The company’s attrition rate dropped from 43% to 23%, while an employee referral program was established alongside coaching sessions, workshops, and compensation analysis initiatives.
Health Metrics is a leading intelligent solutions provider for health and wellbeing. They were looking for the right person to fill their head of product role, which required a high level of technical knowledge and experience. To help them find this ideal candidate, they turned to Preacta Executive Search Solutions, an innovative talent solutions firm.
Preacta used their unique approach to hiring and recruiting to support Health Metrics’ rapid growth.
- There was no recruitment framework in place for scale or rapid growth.
- Key roles needed a proven, vetted process to recruit and hire.
- Attrition rate was higher than average at 43%
- Career site was not optimized to attract the right candidates
- Compensation was misaligned with the market
- No data with which to scale hiring
Preacta provided detailed market insights and assisted with career site design, helping Health Metrics better understand their target candidates. Preacta also developed effective frameworks for hiring, optimizing the process of finding the best talent for the job. They also provided workshops, coaching, and compensation analysis as part of their services.
The implementation of an HRIS and ATS was handled quickly and efficiently by Preacta’s team, helping Health Metrics reduce its attrition rate from 43% to 23%. The success of the project was demonstrated by astounding results: 12+ high level hires were made within six months; 75% were hired from a technical interview; and an 86% offer-to-acceptance rate was achieved.
All of this was thanks to Preacta challenging the status quo through innovation and transformational impact with its partner—Health Metrics. By taking a holistic approach that focused on improving existing processes, as well as developing entirely new ones, they achieved greater efficiency in recruitment that far exceeded Health Metric’s expectations. This enabled Health Metrics to find talented individuals faster than ever before while maintaining quality standards. Together, Preacta and Health Metrics:
- Designed and optimised hiring and recruiting processes to support scale
- Offered market insights at the board level to guide strategic business decisions
- Created a career site designed to grow with their talent pipeline
- Improved the attrition rates from 43% to 23%
- Built a holistic EVP to guide talent attraction initiatives
- Managed an end-to-end rollout and implementation of an HRIS and ATS
- Built an employee referral program
- Positioned the team for lasting success with coaching, workshops, and compensation analysis
About the Client
- A leading, high-growth, cloud-native, data-driven software solution for the Residential Aged Care, Retirement Village, Home Care, and Disability Care sectors in Australia and New Zealand.
- 30+ employees
- HQ in Heatherton, Victoria, Australia
Working with Preacta has been an incredible experience. Their expertise in the Talent Acquisition space made them an ideal partner for Health Metrics. The capabilities of our internal teams were lifted significantly through employee referral programs, coaching sessions, workshops on compensation analysis, as well as career site design, and a holistic EVP for talent attraction. We highly recommend Preacta to any company looking for tailored solutions in the recruitment space.
Director of People
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