Disruptive innovations. Sudden shifts in buyer behaviours. New competitors. When it comes to the financial services sector, uncertainty isn’t the exception, but the rule.
Even before the coronavirus crisis incited major workforce reductions across British businesses, financial services redundancies were high due to fierce competition, cost- cutting measures, and mergers and acquisitions. Many UK & European financial services companies and start-ups have seen significant redundancies across their employee base. Coupled with that challenge, the financial services industry is also battling a shortage of key talent. Many employers still report difficulties recruiting and retaining workers for crucial positions.
Companies already take 50% longer to hire for a financial services role than for other duties—and turnover rates can be higher in the financial services sector than in any other industries. And it’s clear this is not improving. So, how can you deal with it effectively?
Download our free booklet below, which outlines INTOO’s outplacement and career mobility services which are built to protect your employer brand and company culture.