Finding and retaining top talent has become a major challenge for businesses across all industries. However, this issue is particularly prevalent within the financial services sector. As technology continues to revolutionise the industry and consumer demands evolve, financial companies are facing a severe shortage of skilled workers who possess digital skills. According to The Financial Services Skills Commission , an estimated 160,000 workers in the financial services sector require upskilling, which is approximately 16% of the entire UK finance workforce. There is a growing concern that the industry is facing a number of challenges linked to a severe shortage of talent, combined with an increasing knowledge and skills gap. Failure to address these issues could result in loss of competitive edge, operational inefficiencies, increased regulatory risks and difficulties in customer retention, jeopardising the long-term sustainability of businesses. However, it’s important to note that the scale of the challenge means that these issues cannot be addressed by individual firms alone, they require a sector-wide response across banking, insurance, asset management and also fintech. Mind the (skills) gap In a fiercely competitive environment, financial organisations need effective strategies to both attract and retain the very best talent available. Like many industries, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
