Case Study: Investment Bank and Financial Services Company builds a high-quality contingent workforce with Advantage xPO

Managed Contingent Labor Program in Financial Services

An investment bank and financial services company needed support for its contingent workforce in the private wealth management division. With multiple locations and management teams nationwide, the customer wanted a managed service solution that could consistently deliver qualified candidates, improve talent performance management, and offer a path to retain top performers long term. Advantage xPO was brought in to help manage this contingent labor need.

Advantage xPO implemented a custom Contingent Labor Solution to recruit and manage administrative professionals, operations analysts, and business analysts, using targeted sourcing, job-specific assessments, and ongoing manager feedback. The program also offered benefits, PTO, and a 401k to improve attraction and retention. Nearly 15 years later, Advantage xPO supports 50 hiring managers across 19 locations, with just under half of interviewed candidates receiving offers, 92% of hires holding a bachelor’s degree or higher, and 31% of contingent workers converting to full-time roles after their one-year contracts.