Making Morgan Stanley campus recruiting a globally more connected, data driven function.
Challenge: Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. The firm needed an applicant system that could help it fill crucial graduate roles quickly with the best quality talent in offices around the world. Since its founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that it does are five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. Morgan Stanley campus recruiting wanted to ensure this was reflected in their processes.
Using Oleeo Technology
What led to the need for a new system?
Morgan Stanley wanted a system that would help ensure that it retained its strong brand at target schools with a high touch candidate experience. It needed to support a new interview process being trialled and easily identify high achievers. The system needed to be able to help accelerate hiring and finding talent who share integrity, intellectual curiosity, and the desire to work in a friendly, inspiring environment. Morgan Stanley’s leadership is dedicated to conducting first-class business in a first-class way. Its board of directors and senior executives hold the belief that capital can and should benefit all of society and any recruitment system has to meet that expectation.
What did Oleeo deliver?
Oleeo deployed its Campus & Early Careers solution, built to help recruiters with finding, nurturing and hiring the best new talent covering college/school leavers, university/MBA graduates, apprentices and interns. It covers the entire journey of an applicant from attraction and engagement to on-boarding, helping to reduce the high risk of such reneging.
Our automation technology is built to enable time efficiencies and save on resourcing costs so that you recoup your investment within the first year of using it and can focus on crucial engagement to avoid the risk of reneged offers.
Key results identified by Morgan Stanley include:
Improved decline rates in EMEA – declines down 1% on 2015 (9% over 10%)
First investment bank to launch strengths based interviewing – piloted across most divisions at various stages of the process
More year round campus presence and accelerated processes – more events outside the busy autumn cycle with some regions also pushing up their recruiting timeline
Continued focus on pre-university strategy – school outreach events and programs that pipeline into spring and summer analyst schemes
Enhanced campus operations risk measures and controls – Anti Corruption Group standards, regulatory, conduct risk assessments and controls, workflows and process maps enhanced and documented
Cost savings in campus recruiting by means of streamlining processes, teams and programs of £840,000
Oleeo & Morgan Stanley Campus Recruiting jointly won recognition from HRO Today for this work.Click the buttons below to read the case study or talk to us today about how we can assist.
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Copyright ©2022, Oleeo Ltd All rights reserved.