The latest thinking, news and events from the world of Recruitment

Financial Service Sector Investing More in Training and Development

SHARE
,

While budgets for training and development came under pressure during the recent economic downturn, they are now firmly back on the agenda in the financial services sector, according to new research from leading specialist recruitment consultancy, Robert Half Financial Services. Recognising the perceived value of training and certification to employees, nearly four in 10 (39%) of financial executives state they will increase investment in professional development in the year ahead.

From preparing for succession planning to increased employee motivation, job satisfaction and efficiencies in processes, the benefits of training and development are well documented with employers and employees alike reaping the rewards. According to Robert Half’s research, companies’ investment in training and development will increase, on average, by a fifth in the next 12 months.

Certification courses (49%) and mentoring (48%) offer the greatest career development opportunities for financial services professionals, followed by on-the-job training (39%) and tertiary & post graduate education (34%).

100 UK financial executives were asked: “Which of the following offers the greatest training and career development opportunities for financial services executives?*”

External training certification and courses 49%
Mentorship 48%
On-the-job training 39%
Tertiary & post graduate education 34%
In-house training by HR or third party 31%
Cross-functional team training 23%
Reverse mentorship 8%

*Multiple responses permitted.

Luke Davis, Vice-president, Robert Half Financial Services said:

“The success of any business depends on its people. As employers continue to seek ways to improve their staff’s motivation, engagement and productivity, they should not overlook reviewing their training and development plans.

“The planned increases highlight the importance of attracting and retaining the best people, particularly in light of the current skills shortage. Professionals today are eager to find ways to advance their career and professional development. The most successful training and development programmes are those that are tailored to the individual and their personal career path within the business.”

SHARE

Posted by:

With over 15 years experience within the Recruitment industry, Mark considers digital publishing, digital engagement, recruitment marketing and advertising (all media), digital video production, creative design and more recently social media development as his core knowledge and where a lot of his experience lays.

Having been at the forefront of the digital publishing sector for well over a decade, Mark has founded numerous job boards and publishing businesses.

He has very strong business ethics, built on transparency and trust and equally as important, he enjoys close working relationships with all clients. A self-confessed digital geek Mark lives and breathes online media ensuring Recruitment Buzz stays ahead of the curve.

Related Articles