Financial
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A degree of optimism is returning in the financial services sector and the key issues for talent managers are subtly shifting…
Salary gap bites into talent pool
The 40% increase in bonuses reported in the financial services sector is the latest sign of a pay gulf between high and low performing employees. As the industry fights for the best talent, and this talent votes with its feet, HR’s challenge is to find innovative ways to win the retention battle.
Getfeedback help organisations create a strong employer brand by putting performance and development in the hands of their talent – using career development portals and self initiated performance management processes.
Heathly outlook sends talent circulating
Recruiters in financial services plan to meet more people in the third quarter of 2004 than any time since 1998. The rise is fuelled partly by the need to meet strict industry controls and legislation and also by growing optimism in the sector. The flurry of recruitment will send talented people whirring around the industry. Not only will financial services organisations need to give key employees a reason to stay (beyond a fat pay cheque) but potential recruits will need to be carefully measured against the organisation’s value base and strategic plan.
Getfeedback get the right people in the right jobs, first time. The next step is to find out the specific drivers of retention for the organisation and give talented people a compelling future.