Case Study: Recruiting a Software Team for a Fintech POS Project
Seidon partnered with one of the largest payment processing companies in the United States to build a cutting-edge restaurant Point of Sales (POS) platform from the ground up, while also enhancing their current POS platform. Client recognized the need to enhance their services in the restaurant industry and approached Seidon for our expertise in software development and team-building solutions.
This case study will illustrate how your fintech company can benefit from our consulting services.
Problem
Our client faced a dual challenge. First, they aimed to create a groundbreaking Point of Sale (POS) platform designed specifically for restaurants, poised to revolutionize the industry. Second, they wanted to improve their existing POS system, originally intended for retail and service-oriented businesses.
Their largest hurdle was the quest for the right labor resources while working within a limited budget. They approached us with the following requests:
Top-tier labor resources to undertake an unprecedented project.
Cost-effective solutions to achieve their objectives while maintaining financial prudence.
Punctual delivery to align with stakeholder timelines and expectations.
Solution
To commence the process, we engaged in extensive consultations with the leaders of each platform, meticulously discerning their precise requirements for every role in the project.
We presented a pricing proposal that permitted them to contract these resources on a temporary basis, ultimately transitioning them to full-time employees when deemed a valuable asset. This approach ensured the retention of intellectual property within the organization.
To adhere to the timeline, we created a roadmap of delivery, results, and check-ins. This allowed us to build confidence among the stakeholders that the project was being accomplished on time, within budget and exceeding expectations.
Results
Placement of 24 contractors including
Mobile Developers
DevOps Engineers
Infrastructure Architects
Automation Engineers
Data Scientists.
Placement of 12 full-time team members at a reduced project rate, in similar roles, ensuring adherence to the client's budgetary constraints.
Conversion of 60% of contractors into full-time employees, while 40% remained as contractors throughout the project.
90% resource retention rate across both their legacy and new POS platforms.
Cost savings of 15% compared to their initial desired budget. This was achieved by a combination of high retention rate, contracting resources until they were ready for full-time employment, and relieving the client of talent identification efforts.
Client completed the project two months ahead of schedule, in large part due to our time efficiency and hiring quality.
Discussion
Time Efficiency
Companies save working time – for their HR people and tech project managers – and calendar project time with Seidon’s recruiting solutions.
Hire Quality
HR teams and project managers are spared from wading through countless resumes – instead they receive only highly qualified candidates. Some we’ve already vetted and are waiting for roles to open up, others we know how to find the right people for a client’s IT needs.
Retention Rate
Hires from Seidon stay with their projects at a high rate. This is due to a combination of factors: their fit with the role, our screening process, and our communications with each person, ensuring they stick around and feel like a team member, not just a contractor.
Conversion Rate
When clients desire to keep talent on as permanent in-house assets, they’re happy to find that a large portion of our hires are outstanding and worth converting to full time.
Cost Savings
With our solutions, clients often realize cost savings versus their initial expectations.
Let’s Team Up
Seidon seamlessly bridges the gap between IT candidates and employers across many industries, ensuring successful placements on a global scale. Seidon’s industry knowledge means you don't need a decoder ring to find the right IT skills. No more sifting through countless resumes – Seidon delivers pre-qualified talent to your doorstep.