People
Words by
caron schreuder
Entering a new age for the workforce The seismic shifts to our working patterns and methods last year caused a shake-up in almost every industry. But how have these impacted hiring strategies? I spoke to several specialist recruiters in our sector to get a sense of the evolution thus far, and of the outlook for 2021. It turns out that our greatest challenges may have nothing to do with Covid-19, and have been intensifying for some time
T
he pandemic has undoubtedly been monumental for accelerating progress, but the recruitment world has been steadily evolving over the past five years or so. I asked experts in the field—all of whom assist clients in the banking, lending, broking and wider finance markets, across an array of product areas— to detail what had been happening prior to 2020.
The increased competition to the banks, led by emerging challengers and lenders, has been a gamechanger, in that job seekers now have far more choice than ever before. “The recruitment process often has to focus a lot more on the candidates’ experience and really selling the opportunity to them,” explains Katie Bowles, director at Fintellect. “It’s much more 50/50 than it was five-plus years ago.” Another consequence of the rise in options 29 Jan/Feb 2021