As the Finance Sector Continues to Thrive, Hiring Competition Heats Up
The financial services sector is currently booming, so the demand for talented finance professionals to fill the vast number of open positions is getting intense — and it’s only just begun.
To give you an idea of what to expect, the U.S. Bureau of Labor Statistics (BLS) predicts the demand for personal financial advisors will grow an overwhelming 30%, which is nearly triple the 11% expected for all occupations. If you want to entice leading candidates to join your team, you’ll need to make your company stand out from the competition.
Use these recruiting strategies to make the best candidates in the financial services industry choose your organization over the rest.
- Provide Outstanding Benefits. Your company should provide employees with outstanding health insurance benefits and a generous retirement plan, but that alone won’t give you an edge. Stand out from your competitors by offering exceptional perks, such as paid paternal leave, an on-site daycare and more flexible vacation packages.
- Create a Flexible Work Environment. In today’s digital era, candidates don’t want to work for a company that requires them to be stuck in a cubicle all day. Offer the ability to work remotely — at least sometimes — so people can enjoy a better work/life balance. This can be a major selling point when choosing between job offers.
- Make Personal Development a Priority. The best and brightest finance professionals got to the top of their game because they’re truly passionate about their work. These people are on a constant quest for knowledge and want to work for a company that will invest in them. Support this by providing substantial tuition assistance and regularly sending people to conferences, seminars and training sessions.
4. Present a Positive Brand Image. No one wants to work for company with a bad reputation — and top talent certainly doesn’t have to. Make the best people in the financial industry want to work at your company by using social media to share what it’s like to work at your company. Post photos of your office space, fun company events and frequently share updates on the meaningful projects your team is working on.
Searching for top accounting and finance professionals to join to your team? Partner with Sparks Group. We have over four decades of experience connecting financial services companies to the best accounting, administrative, technical and creative talent.