Skills gaps continue to grow in the financial services (FS) industry. As talent demands evolve, and economic uncertainty persists, FS firms will need agile approaches to talent management to truly thrive.
Beamery surveyed business leaders in FS to get their view of the current talent landscape, and discover where they see the biggest challenges (and opportunities).
Insights from the research include:
- Just 42% of business leaders in FS say they are very satisfied that current talent approaches in their organization reflect changing market conditions and employee expectations.
- Only 59% of those we surveyed in the FS industry think leaders in their businesses understand where the skills gaps are to a great extent.
- 51% of business leaders in FS say skills shortages is one of their biggest talent challenges
- 78% of FS business leaders we spoke to (78%) think a skills-first approach to hiring, which focuses on a person’s capabilities and competencies more than their formal education and time spent in a previous job, can better support business growth in their organization.
