February 16, 2010 04:59 AM Eastern Time
AUSTIN, Texas--(BUSINESS WIRE)--StepStone Solutions (OSE:STP)(LSE:STPS), a global leader in total talent
management solutions, has begun implementing a new e-recruitment
management platform for AXA-Minmetals Assurance Co., Ltd, a joint
venture of two Global 500 groups, AXA Group and Minmetals Corporation.
AXA, the first Sino-French insurance company in China, is introducing
the new system to support its rapid business development and help the
company succeed in the growing competition for financial services talent
in China's rapidly expanding economy. With the help of the new system,
AXA recruitment and hiring managers can dramatically reduce their
administrative burden and spend more time on interviewing and
understanding staff. StepStone's e-recruitment solution also allows AXA
to handle massive volumes of applicants and identify the most
cost-effective resume sources, creating further efficiencies.
"Being people-oriented, AXA recruitment managers spend a lot of time
interviewing candidates to understand their characters, individual
abilities and career goals"
The rapidly growing insurance industry in China has created high
employee turnover, particularly in sales staff. As a result, HR managers
are tasked with finding, accepting, screening and interviewing a very
large number of applicants. To meet these needs, AXA needed both capable
and experienced recruitment managers and a sophisticated support system
to allow them to work efficiently and transparently with candidates.
After only four weeks from start of the project, StepStone's
e-recruitment management platform entered initial production, assisting
AXA managers in handling the thousands of applications sent in by
candidates every year. The Stepstone system keeps records of all
activities for each applicant, and reports on key metrics such as cost
per hire and resume channel price/performance ratios. The system also
supports screening of applications into sales and other job categories,
to reduce workload and avoid mistakes.
"Being people-oriented, AXA recruitment managers spend a lot of time
interviewing candidates to understand their characters, individual
abilities and career goals," said Peng Jian, recruitment manager at AXA.
"It's the responsibility of the recruitment manager to decide, according
to his experience and judgment, whether the candidate is suitable. To
optimize workflow, we wanted the system to handle the process in a
standardized way, from screening resumes to coordinating various parties
and arranging interviews."
"The StepStone e-recruitment solution is vital at Shanghai AXA to
facilitate a rapid and professional interaction between the company and
its candidates. This will in turn directly improve its candidate
relations, help distinguish the company from competitors and enable it
to succeed in its talent development goals," said Matthew Parker,
StepStone Solutions' Group Managing Director. "This high-profile win for
StepStone in the growing Asia market continues to underline our
capability to deliver total talent management solutions on a truly
global basis."
About AXA
AXA-Minmetals Assurance Co., Ltd, a joint venture
of two Global 500 groups, AXA Group and Minmetals Corporation, is the
first Sino-French insurance company in China. Established in Shanghai in
June 1999, the company has seen sustained development since its entry
into the Chinese market. With Shanghai, Guangzhou and Beijing as the
regional centers, the company has expanded its businesses into major
Chinese cities in the east, south and north. AXA won the award for
"China Top 100 Human Resources Model Enterprises" in 2008 and 2009.
About StepStone Solutions
StepStone is a global leader in
talent management and acquisition software and services. Thousands of
the world's leading businesses use StepStone's software-as-a-service
(SaaS) solutions to recruit, retain and develop talent, while millions
of people rely on the company to improve their careers. A wholly-owned
subsidiary of Germany-based publishing and media company Axel Springer
AG, StepStone operates in 17 countries and employs 800 people worldwide.
Customers include Aviva, Deloitte, Deutsche Telekom, Lufthansa,
McDonald's, Puma, ThyssenKrupp and Volkswagen. For more information see: www.stepstone.com.
For more information see: www.stepstonesolutions.com.
Read our blog at: http://www.stepstonesolutions.com/communitypost
Take the Talent Strategy Assessment at www.talentstrategyassessment.com
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