Challenges in Financial Staffing
The financial sector is at a crossroads. High demand for high skill levels, remote work, competitive compensation, and continuous development for employees all bear high importance. Tackling these complex issues requires intentionality and deeply nuanced knowledge of your specific business. Here are five tips to help you handle financial staffing challenges this fall.
Skills Development For Current Employees
A long-term approach to staffing, regardless of field, necessitates investment in current talent. It costs no small amount of time and money to develop an EVP, recruit, onboard, and train any new employee. Furthermore, companies all have their financial nuances. Thus, recruiting and hiring for finance requires significant time and resources. Investing in your current employees serves as both a vote of confidence in their ability and efficient use of time and resources.
Learn from Top Performers
Take a long look at your top performers. Ask them about their process. What motivates them? What about the company is attractive to them? Learning from those who already flourish within your company culture reveals the applicable talents and traits to target in recruiting efforts.
Integrate Remote Work
An estimated 32.6 million Americans will work remotely by 2025. Additionally, “Accountant” was the number one remote job posting of 2022. The numbers don’t lie. More people want to work from home, finance included. Incorporating elements of remote work serves as an attractant to new talent and shows current employees a company’s intentionality in favor of work-life balance.
Competitive Compensation
“Pay more” is a simple and occasionally exhausting directive, but companies need to be willing to adjust to job market demands. Demand for highly-skilled workers is through the roof. Retooling budgets to allow for higher salaries may be necessary to retain your best employees and recruit the best from the market.
Consult A Third Party For Staffing
Roadblocks happen. The pace of business is often overwhelming, leaving little time for intentional and cost-effective recruiting efforts. Consulting a staffing agency may prove beneficial. With immediate access to vetted, top-tier talent, a staffing agency can do all of the leg work for you so all you have to do is say “You’re hired”.
We Can Help With Your Financial Staffing
We at NT Staffing love connecting the right people with the right companies. Contact our team of experts today. We’ll help you find the right fit the first time.
