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How Meraki Talent grew by 50% in Financial Services recruitment

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Meraki Talent is one of the recruitment industry’s true success stories. Let’s find out more about them.

The Recruitment Entrepreneur portfolio is full of stellar-performing recruitment agencies, led by visionary founders with bold ideas. However, even by those high standards, Meraki Talent stands out. In just over a year, Meraki has increased its headcount by 50%, as well as opening a new office in London. Specialising in placing candidates in the Financial Services industry, Meraki has bucked the trend, growing whilst many more established competitors lessen their exposure to the Financial Service sector. In this article, we’re going to look in-depth at Meraki. What is the secret to its success? Let’s find out.

Unprecedented activity

As well as increasing its headcount and opening in new locations, Meraki Talent has had a productive year:

  • In 2018, the number of permanent hires placed by Meraki increased by 23% year-on-year
  • The number of interim roles placed by Meraki went up by 32%
  • Quadrupled contractor base – predominantly in IT

It’s no surprise that James Caan CBE is full of praise for Meraki:

‘Meraki’s growth has surpassed all expectations in the current economy. I expect 2019 will be a seminal year for this ambitious firm.’

So, how has Meraki done it?

The story of Meraki Talent

Meraki Talent was founded in 2015 by Andrew Welsh and Laura Drysdale, with a view to becoming a top player in Financial Services recruitment. Meraki began with offices in Edinburgh and Glasgow; Scotland continues to be its core location for business. In the last year, job creation in Scotland’s Financial Services market outstripped that of London. Four years on and Meraki Talent has gone from strength to strength, serving the needs of a diverse client base including Global Banks, five of the world’s largest Asset Management, Savings & Investment firms, FinTechs and Insurance firms.

In addition to having a sizable presence in Scotland’s two major Financial Centres of Edinburgh and Glasgow, he opening of a London office in August 2018 was a logical next step for Meraki. Most of Meraki’s Scottish clients will have a presence in the Square Mile, so it is an opportunity to showcase its excellent service to new and existing clients as well as to build out their offering into the regions.

Meraki is also broadening the scope of its expertise in the Financial Services sector by opening new divisions to allow them to have a well rounded offering across Operations, Accountancy & Finance, Risk & Compliance, Technology and Change, Front Office and Marketing & Distribution.

Insights

One of the great things about Meraki is that they provide insights into the Financial Services recruitment sector, that anyone can download and read. As well as shedding light on the state of the recruitment market in Scotland and elsewhere, Meraki is happy to publicly report its own results. It’s this spirit of transparency and openness that sets Meraki apart from the crowd.

Meraki’s recently-published 2019  Financial Services Guide for Scotland is a must-read for employers and workers in the sector.

Meraki also publishes a quarterly report on talent hiring and marketing trends in Scotland’s Financial Services marketplace. These publications serve as an effective marketing tool for Meraki, helping bring in clients and candidates. It is an essential factor in the growth of the business.

Could you be next?

Clients who work with Meraki Talent find that they are wowed by the service they receive. Meraki focuses on what matters to clients and candidates alike, gaining trust and credibility in a crowded space in a relatively short time. Meraki is a real success story, but there is still more to come.

Are you set to take advantage of the opportunities that innovation in the financial services market bring? We’re looking for current or future business leaders that want to scale their own financial recruitment business in 2020. Is this you? We can assist you in setting up your own recruitment business, or help you scale your existing business to a highly profitable exit.

If you want to find out more about capitalising on these significant market trends, let’s talk. Click here to start the conversation.

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