Published on : Oct 14, 2022
Highlights Scotiabank’s Use of Plum’s Technology
Revolutionary talent assessment platform Plum has been profiled in a recent research note from Nucleus Research. Titled “Scaling Up ROI With Plum,” the detailed report highlights Scotiabank’s deployment of the Plum Talent Assessment Platform. Citing return on investment of 182 percent with payback in 7.2 months, Nucleus Research’s comprehensive analysis underscores both the cost savings recognized by Scotiabank and an increased diverse and inclusive hiring process through expanded applicant reach.
Scotiabank’s use of Plum was lauded as one of the top 10 winners of Nucleus Research’s 2022 ROI Awards, having been selected from hundreds of IT project nominations submitted by corporations, non-profits, governmental and educational organizations. Nucleus examined the impact of Plum within Scotiabank to ascertain the benefits of the solution. The analysis revealed key advantages centered around increasing retention, retiring the resume review process, improving diversity hiring efforts, and increasing visibility into the long-term and future performance of employees. Nucleus Research evaluated the costs of the software and related resources over a three-year period, specifically noting that the ease of Plum’s usability negated the need for training costs.
Caitlin MacGregor, CEO of Plum, commented, “This research report is exceptional because it includes a detailed financial analysis denoting the ROI of Plum. We’re fully transparent about Plum’s game-changing value to our valued customers such as Scotiabank and are grateful to Nucleus Research for clearly validating it.”
"Scotiabank's deployment of Plum for its campus hiring efforts underscores the quantifiable - and scalable - return on investment that organizations can achieve by implementing the vendor's Talent Assessment Platform and ditching antiquated means of assessment to expand applicant reach and improve DE&I strategy," said Evelyn McMullen, research manager, Nucleus Research.
The full report is available for download by visiting: https://bit.ly/3g03tiK