Raw Talent Academy partners with Tullett Prebon
Tullett Prebon has hired the first batch of its ‘next generation’ brokers, following a recruitment process developed by former Apprentice winner Lee McQueen and his Raw Talent Academy who believe in recruiting based on competency and ability as opposed to a CV or degree.
An initial 10 trainee brokers have been recruited to join the group’s London operations, as part of a cadre of 40 globally due to start this year.
The Academy – a joint partnership between Tullett Prebon and Raw Talent - had more than 3,000 applications for the early careers programme. The hires have a range of backgrounds – some are school leavers, others have graduated from university and some are ex-military.
To find the best talent, Tullett moved away from the typical “traditional” City hiring methods, instead using Raw Talent’s ‘Apprentice’ style talent academy with applicants undergoing two stages of screening and profiling. The Group then embarked on the Audition Day with a final interview and Q & A panel to select 10 new brokers. This allowed the Group to ensure that its selection methodology was based purely on the key attributes of candidates and matched to the profile of the business rather than to the academic background of the individuals.
As part of this process 42 candidates spent 12 hours taking part in a number of tasks at the Audition Day – rather than face-to-face (or traditional style) interviews. Select, Identify, Develop, or SiD, a state of the art, cutting-edge digital competency assessment tool, developed by Raw Talent, allowed the selection panel to score every candidate fairly and equitably.
This follows a recent report from the Social Mobility Commission that candidates from the ‘wrong’ sort of backgrounds are not getting a fair chance in the City job market, with a tiny pool of elite university graduates getting the best jobs.
The Tullett Prebon Talent Academy will run again in London later in the year and in New York in 2017.
Lee McQueen, managing director of Raw Talent, commented, “Partnering with Tullett Prebon was a new challenge for us at Raw Talent. We had never recruited within the Broker sector before but, after a number of meetings and spending time at their office understanding their recruitment goals, we were confident our Academy process would be a perfect solution. We had a record number of applications and our team worked non-stop to identify the best and most suited candidates. The calibre on the day was outstanding, demonstrated by the fact Tullett Prebon ended up hiring more candidates than they were expecting going into the day. It’s been brilliant working with them and we believe this is the start of a long-term partnership helping them to hire their future stars.”
Carrie Heiss, Tullett Prebon Group head of HR, said, “We want to make sure we consider the best talent from everywhere and from all backgrounds. In the 21st century, you cannot write someone off because they do or don’t wear brown shoes with a business suit; recruitment and selection has to be far more scientific than that. All the old-fashioned City ‘codes’ have been binned at Tullett Prebon – we are looking to hire people who will develop and grow into their careers over the long-term. We want a diverse and inclusive workforce where everyone is given an equal chance to succeed.
“These new hires represent a first step as we accelerate the evolution of our talent pool. Tullett Prebon has a clear long-term talent strategy to become the employer of choice in the markets in which we operate. The next generation of brokers will help maintain our competitive edge in the market and bring new perspectives, skills and up-to-date technological expertise to help drive innovation and add real value to our clients.”
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