Almost 90% of executives in financial services are concerned about losing top performers to other organisations in the next 12 months, according to research from Robert Half Financial Services. More than two-thirds will provide better career development opportunities to encourage employees to stay and just over a half report they would provide an increase in pay or bonus to retain key staff. Less than 30% plan to consider offering employees flexible working as part of retention plans.
Luke Davis, vice president, Robert Half Financial Services, said:
'Over the last couple of years the financial services sector has seen substantial change, including more regulation and reporting requirements and the need to restructure to demonstrate transparency and accountability. On top of that we are witnessing the introduction of a significant number of challenger brands and FinTech start-ups that are providing alternative employment opportunities for talented professionals . . . As we head into the New Year, professionals are considering their options and are prioritising career advancement as part of their 2016 goals. While salary and benefits may be declining factors when employees are considering a move, finding the positions that offer the right combination of career development, competitive pay and benefits will be a priority.’