Working with Convex: Transforming a recruitment strategy for optimal efficiency

The challenge

We assisted in transitioning their contractor recruitment strategy from contingent labour to a Statement of Work (SOW) model. This pivot aimed to de-risk their recruitment approach globally, mitigating the complexities and costs associated with IR35 regulations. The main challenge was ensuring access to top talent at reasonable rates while maintaining a reliable account team for project delivery.

The solution

We developed a project-specific SOW model, integrating pricing and resourcing strategies tailored to their needs. This approach provided a structured consulting model focusing on project milestones and deliverables rather than traditional time-and-materials contracts. Our expertise in insurance and syndicates ensured we had the right people ready, minimising risk and maximising efficiency. 

The outcome

By implementing the SOW model, they gained access to top talent swiftly and risk-free, managed by us as a vendor. This shift from contingent labour to a SOW framework allowed them to see tangible deliverables, ensuring project timelines were met and outcomes achieved. The model also helped mitigate IR35 risks and provided them with a reliable, long-term solution for managing multiple projects.

The advantages

Our approach ensured they had a single point of contact for any issues, as well as eliminating IR35 risks through the SOW model. This enabled them to attract the best talent without the bureaucratic overhead of working with large consultancy firms, at significantly reduced rates. Our method of delivering projects through incremental stages ensured they received value for their investment, with clear deliverables and milestones.

Why Convex works with us

Our model aligns with their strategic goals, providing highly skilled talent for specific technologies at competitive rates. This enables them to deliver projects efficiently, enhancing their market value and attractiveness as an employer. Our low contractor turnover rate and deep understanding of their systems make us a valuable partner, helping them achieve their vision and retain the best talent.

Successful assignments with Convex

• DataAcquisition – helped to develop an entire ETL data driven capability for the business, to utilise their capability to extract data from various disparate data sources, and load into various systems internally for underwriters to make better business led decisions

• SSoT Mission –similar to data acquisition, but a similar project to help purify the quality of the data that is being loaded into various systems

• Claims – Sequel/Verisk Claims implementation, upgrade, and integration into various systems

• Blueprint 2 – London Market change process project – claims systems, data, messaging standards, etc. 

• Automation and Workflow Development – setting up a team dedicated to a centralised support function for all systems, processes, and data from a testing perspective, to enhance their capability and speed of delivery through automation and overall improvement of Systems and their UI

Contact Martin Shuter if you want more information on how we can help you with your recruitment strategy: martin.shuter@eamesconsulting.com