Why we created WeAre Talent Factory

As the individual responsible for the digital transformation of a company and spearheading a revenue-boosting project, it’s crucial to recognize that successful projects require careful preparation. A clear definition of objectives and scope, securing executive sponsorship and commitment, assessing organizational readiness, building a cross-functional team, and developing a phased implementation plan are essential components to have in place for this initiative.

Despite the efforts, many IT/digital transformation projects fail. Forbes assessed the risk of failure in digital transformation to be 84%. According to McKinsey, BCG, KPMG, and Bain & Company, the risk of failure falls somewhere between 70% and 95%. On carefully analyzing the reports and surveys, there are essentially three main contributors to project failure:

Lack of Talents
Lack of executive support
Lack of positive sentiment toward technology

Talent shortages can cause significant project delays or unfinished work, as organizations struggle to recruit top candidates. These delays can result in substantial revenue loss for companies. According to Dice, companies use a specific formula to calculate the financial impact of a vacant position.

Revenue lost = (Annual Revenue / Number of employees) / 250 * Average days to hire

*250 is the approximate number of working days in Finland

For instance, let’s consider a company with an annual revenue of 50 million euros, 150 employees, and a 40-day hiring process. The estimated revenue lost due to this delayed hiring would be around 54,000 euros. These are only the direct costs; the losses could be greater for companies with higher annual revenues. Additionally, companies may consider using recruitment agencies and expensive software, which can lead to time-consuming meetings with multiple representatives to address these issues. This is a real problem that our clients have shared with us before they approached WeAre.

WeAre has been successfully operating in Finland since 2016, delivering exceptional results to clients across various sectors. Through our extensive partnerships, we’ve recognized the common challenge that clients face in sourcing skilled consultants or developers for their projects. With this insight in mind we created WeAre Talent Factory, a solution designed to save our clients valuable time and resources by providing top-tier talent with extensive expertise in various technologies tailored to our client’s specific needs.

With our Talent Factory services, we can help with:

Talent Acquisition: We provide support in recruiting top talent by leveraging our extensive network and expertise in the industry. We can provide you with developers for short-term projects, development teams, or specialized experts in your technology or field.
Talent Development: We offer programs to develop existing employees’ skills and competencies, ensuring that the workforce is equipped to meet future challenges.
Consultation Services: WeAre provides consulting to help organizations optimize their digital strategies, and talent strategies and align them with business goals.
Customized Solutions: The Talent Factory emphasizes tailored solutions to meet the specific needs of each client, ensuring effective outcomes.

At WeAre, we have highly skilled and vetted developers with years of experience. Through our Talent Factory, we help clients build strong, engaged workforces with comprehensive talent management services.

We specialize in finding A+ players who can make a real impact on your organization’s success. By leveraging advanced technology and metrics, we streamline the hiring process, ensuring it’s efficient and effective. Our goal is to find individuals who are not only smart and specialized but who also thrive in a culture of collaboration and innovation.

We avoid lengthy, complex hiring procedures, offering a seamless experience that grants access to everything in one go. Constantly refining our approach based on feedback, we ensure our methods evolve with changing needs. Above all, we consider a candidate’s long-term potential and emphasize the importance of emotional intelligence and soft skills, as well as their technical abilities.

You can learn more about WeAre Talent Factory from here. Let’s build your dream team!

“I am convinced that nothing we do is more important than hiring and developing people. At the end of the day, you bet on people, not on strategies.” – Lawrence Bossidy