Finance leaders are facing ongoing recruitment challenges. Recruiting top talent isn’t that easy, as skills shortages continue in the industry – and employee expectations evolve and intensify.
Here are some of the challenges, and some finance directors might overcome them:
Talent shortage
Skill shortages are continuing as a significant issue in financial recruitment. Finance leaders and hiring managers say they’re struggling to fill the gaps in their financial teams – they need people with specific skill sets and competencies.
How to overcome this? Expand your talent pool. Employ a recruitment team to help source mixed candidates, and explore more graduates and professionals.
Diversity and inclusion
Diversity and inclusion is really important to finance candidates. It shows an employer’s commitment to their staff and each team member knows that they will be supported regardless of their background or characteristics.
How to do this successfully? Create DEI (Diversity, equality and inclusion) policies that can teach managers and employees how to avoid bias and discrimination in the company culture.
Retaining top talent
The shortage of skilled candidates in finance means retaining a company’s top talent is more important than ever before. Employees can easily be headhunted by other companies, or lured away even if they’re not looking for other opportunities.
How can you retain them?
Offer development opportunities. Training and coaching initiatives can help your staff to adapt to changing markets, improve skills, and achieve professional goals.
Future mindset. Show your employees that they have a future with your company. If they can see clear future growth in the business, you’re more likely to retain talent.
Flexibility. While some businesses may not be able to offer remote working to employees, offering some flexibility goes a long way. Allow your team members the flexibility for their schedule, so that they have a better work-life balance.
Find out how to retain top talent, and other factors at financeSHOWCASE. Register for your FREE tickets here
