HRTech Series: financial services organizations must invest in the talent experience.

The traditional rewards of a career in the banking and financial services industry (BFSI) is coming up against a new era of talent expectations. While compensation is higher than ever, it is not the only thing workers want from their employers. Flexible work arrangements, better work-life balance and inclusive workplaces are among the demands of BFSI professionals.

80% of leaders surveyed for Randstad Sourceright’s 2022 Talent Trends BFSI sector report agree that providing flexible remote and hybrid work arrangements is important in attracting and retaining talent. However, less than half (38%) of those same leaders are actively offering this opportunity.

Candidates also desire to be part of a diverse and inclusive workforce, which is an area on which BFSI companies are working to make progress. In fact, only 41% of leaders say that their hiring strategies supported diversity goals last year. 

“The banking and financial services sector has long succeeded in attracting the best and brightest talent through compensation packages and opportunities for growth. Now they’ll need to be willing to respond to shifts in business and workplace culture,” said Sam Schlimper, principal consultant, Randstad Sourceright Workforce Advisory.

Read more on how employers can create an attractive employee value proposition in HRTech Series, then explore additional Talent Trends that BFSI employers need to act on now.