Financial Services Sector Voices Concerns on Hiring and Retention
Faced with a changing regulatory landscape globally, the financial services sector may have yet another challenge in finding and keeping good employees, according to recruitment consultancy Robert Half.
The firm’s latest hiring report, conducted by an independent research firm, includes responses from 1,100 finance directors, chief financial officers (CFOs) and chief operating officers (COOs) in seven countries: Canada, France, Germany, Hong Kong, Singapore, the UK and the US. Key findings include:
“While some areas within financial services institutions have seen cutbacks, other more profitable product lines are receiving further investment which has resulted in additional hiring since the beginning of the year,” said Neil Owen, global practice director, Robert Half Financial Services.
“This is creating challenges in finding the requisite staff to capitalise on emerging opportunities. Competition for the industry’s top talent continues to intensify for middle-office and support roles, particularly accounting and finance, as well as operations positions.”