Last week The Global Recruiter held a summit in association with Sonovate exploring how flexible finance can offer a competitive tool for recruiters and employers addressing the talent market.
The event is now available for viewing on demand here: https://www.summit.theglobalrecruiter.com and provides recruiters with a clear insight into how flexible finance can work practically and how it can be key to attracting and retaining a flexible workforce given the current challenges of the cost of living crisis.
The session was led by Tim Edwards, Head of Product at Sonovate who gave a presentation based on the company’s recent Future World of Work report. This included latest industry data showing trends in employment and crucially what candidates wanted from their employment.
Edwards also highlighted the diverse and complex routes by which workers could now be engaged, showing clearly how a flexible finance approach meant it was possible to meet the demands of staff and talent end-users in the way they most appreciated.
Following on from this, a panel discussion further explored the experience of recruiters and the ongoing potential of offering flexible finance. Matthew Monette, Country Lead and Head of Expansion UK&I at Deel and Barry Ansell, Head of Contract Recruitment at Harrington Starr both provided an insight into the kind of employment models they were working with and how a flexible approach to finance had the potential to unlock new markets and grow existing ones. Flexible finance is certainly proving a critical consideration when supporting overseas expansion and thanks to the way in which this support can now be delivered, recruitment companies do not need to wait until they reach a certain size before being able to use a flexible pay solution.
What emerged from the summit was the idea of flexible finance as a holistic tool with benefits for recruiters, workers and talent end-users alike. Indeed, this is one area where the fusion between technology and finance is such that the use of technology is as important – if not more influential – than the money itself. The point being that set up correctly, the systems behind paying people can be made seamless and smooth, giving everyone in the the supply chain a positive experience in receiving reward for work and for placing workers.
The on demand webinar is an hour long and offers valuable insights throughout. There will be a further write-up of the event in the next issue of The Global Recruiter.
