LV= has upgraded its online recruitment system to hire the best talent and make significant cost and headcount savings.

The integrated candidate screening system, which is powered by NorthgateArinso PeopleChecking and linked to StepStone's i-GRasp Applicant Tracking system, allowed the firm to reduce the number of staff dealing with recruitment by 75% and reduce the time taken to fill vacancies.

The group receives approximately 20,000 job applications every year and only 3% of them will take up one of the 600 roles available, so LV= was keen to ensure the best applicants fill the places

David Smith, group HR director at the insurance pensions and investment company, said: "Recruiting people with the right skills and experience is a must if we are to succeed as a business.

"We recognise the importance of the referencing process, given we work in a regulated industry. Therefore having a robust streamlined process in place is essential."