How a major service company saved 500k in recruitment costs

A service company, with 35% of its workforce being marketing and software development contractors, approached YunoJuno in January 2021. Together, YunoJuno are proud of the results we’ve achieved.

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The client needed:

1. Greater control and visibility over their contractor workforce and recruitment spend.
2. To reduce cost and cashflow challenges associated with sourcing and paying their contingent workforce.
3. To direct demand for contractors easily to their approved recruiter list (Preferred Supplier List (PSL)).
4. To address compliance issues (such as IR35 in the UK) to ensure global contractor tax compliance.

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YunoJuno delivered:

1. Efficiency: One fast streamlined process enabled by YunoJuno technology for the sourcing and onboarding of contractors anywhere in the world, reducing the admin burden on internal teams.
2. Compliance: Full indemnification across global worker classification and compliance, removing the uncertainty around what compliance is needed per contractor location and allowing contracts to be created in minutes.
3. Business Value: Unique tracking and talent pool management, with recruiter ownership periods being automatically removed after the agreed period, and contractors grouped into pools for true direct sourcing.
4. Business Value: A reduction in recruitment costs by renegotiating terms and fees with all suppliers, streamlining the future sourcing of talent through one technology driven process.

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"YunoJuno’s all-in-one platform has been a game-changer, not only does it allow us to secure the best talent effortlessly, but it also ensures a smooth and efficient hiring process, taking away the complexity of IR35 compliance. We highly recommend YunoJuno to any company looking to optimise their contractor hiring process and maximise productivity and cost savings."

- Head of Talent Acquisition

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How this was achieved:

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Technology backed processes

YunoJuno's simple payment processes provided the client's team with full control and visibility over their spend, allowing them to quickly view how much they were paying, to who and when. Keeping track of every contractor engaged by each department is now an effortless task, with one centralised view and real-time updates.

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Tax compliance and worker classification

Establishing a new compliance process for internal hiring managers to follow was a fundamental step in saving the client's team hours in admin time. YunoJuno was able to provide the team with hiring confidence by ensuring all tax and worker classification was consistently being met.

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Transparent fees & reduced costs

YunoJuno renegotiated the varying fees the client was paying recruiters for each contractor booking, saving the business thousands in costs. By booking all contracts via YunoJuno's all-in-one platform the process was made more efficient and cost-effective than ever before.