Critical role for assessments in the success of Finance Factor

About Finance Factor: Connecting and empowering finance professionals

Finance Factor serves as a bridge between finance professionals and executives seeking interim and permanent positions. As an executive search agency, Finance Factor is renowned for its personal and quality-oriented approach. In addition to identifying suitable candidates, they remain actively involved in the development and success of both clients and candidates. They achieve this by Finding, Following, Connecting, and Strengthening financial professionals and executives.

Albert Allmers, the founder of Finance Factor, states: “Since 2015, we have been recognized as an FD Gazelle for nine consecutive years, and in 2016 and 2017, we were proudly awarded the Staffing Award for executive search and interim management.” This recognition has attracted a large number of interim professionals who want to collaborate with us on an ongoing basis. We warmly welcome this partnership. To support this growing group, we have developed the exclusive FinanceFactor’s Finest Partnerschap .”

Through FinanceFactor’s Finest Partnership, Finance Factor provides an exclusive platform where interim professionals can collaborate effectively and further their development. By offering assessments and coaching, Finance Factor helps create sustainable connections between candidates and clients. The outcome? A strong reputation in the financial market and a robust network of talented professionals.

Finance Factor's main challenges: A tight labor market.

Albert Allmers highlights that the tight labor market presents a significant challenge: “An aging population results in a diminishing pool of suitable candidates, even as the demand for expertise continues to rise. This tension is particularly evident in sectors like government, where budget constraints are compounded by a shortage of talent.”

Finance Factor has observed a shift in the market: clients are increasingly expecting more from mediation agencies, particularly in terms of gaining deep insights into the motivations and potential of candidates. To succeed in this dynamic environment, Finance Factor is dedicated to maintaining high-quality standards and nurturing long-term relationships. Assessments are essential in this process, as they offer valuable insights into the unique qualities and development needs of finance professionals

At Finance Factor, we look beyond just a resume. Our assessments help uncover the unique motivations and potential of finance professionals, allowing us to create lasting matches that benefit everyone. – AlbertAllmers

How assessments add value to Finance Factor's services.

The partnership between Finance Factor and Starcheck has highlighted the importance of assessments in the mediation process. By prioritizing these assessments, Finance Factor can go beyond traditional selection criteria. They evaluate various factors, including drives, personality traits, intellect, and cultural fit. This approach enables them to gain deeper insights into candidates “under the hood.”

With the implementation of Starcheck’s assessment tools, Finance Factor can effectively support its impresario model, which focuses on Finding, Following, Connecting, and Strengthening candidates.

Using the assessments, Finance Factor can:

Partnering with Starcheck not only enhances our ability to mentor finance professionals but also helps us stand out in the marketplace. It is a crucial element of our success. – Albert Allmers.

What are the results of the collaboration between Finance Factor and Starcheck?

The partnership with Starcheck has helped Finance Factor further expand its position as an expert in the financial sector.
Specifically, this resulted in:

Broadening services.

Finance Factor expands its services by providing suitability assessments to organizations that handle their own recruitment for budget reasons but still seek an external perspective. This approach enables Finance Factor to enhance the client’s recruitment process by evaluating candidates for suitability, even while clients face budget constraints.

Fuels quality image

The assessment services enhance Finance Factor’s reputation for looking beyond resumes and interviews, adding significant value to its distinctive impresario model. The robust quality image has resulted in additional assignments.

More efficient assignment completion

By thoroughly analyzing candidates in advance, assignments are completed with greater success. Assessments provide valuable data and evidence that enable professionals, Finance Factor, and clients to make robust decisions.

Network growth

Candidates and clients value the personalized approach and comprehensive assessment reports, fostering new recommendations and enduring relationships.

Panta Rhei: The future in motion.

The close collaboration between Finance Factor and Starcheck enhances the quality and expands the range of services offered. Albert Allmers states, “I see a clear future for assessments within Finance Factor, where the professionalization of services is a key priority. Finance Factor aims to advance its activities in interim management, executive search, and assessments to better meet market demands. Innovations, such as artificial intelligence, are also integral to this strategy. By adopting new technologies early, Finance Factor stays ahead of the curve and is able to respond effectively to the latest trends in the labor market.”

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