Financial services is a difficult industry for recruiters. Here are 10 ways to improve hiring in the financial services industry:
- Develop clear job descriptions and requirements: This will help attract the right candidates and reduce the number of unqualified applicants.
- Utilize recruiting technology: Platforms like LinkedIn, Indeed, and Glassdoor can help you reach a wider pool of candidates.
- Create an employee referral program: Encourage current employees to refer friends and colleagues, as they are likely to be a good fit for the company culture.
- Offer competitive compensation and benefits: This will help attract and retain top talent.
- Conduct thorough background checks and reference checks: This will help ensure that you are hiring trustworthy and reliable employees.
- Use assessment tools like aptitude and skills tests: This will give you a better understanding of a candidate's abilities and qualifications.
- Diversify your recruiting efforts: Consider reaching out to universities and networking groups that focus on finance and accounting.
- Offer training and development opportunities: This will help attract individuals who are looking to grow their skills and advance their careers.
- Look for specific qualifications: Financial services roles typically require certain certifications and licenses, such as the Series 7, Series 63 or Series 66, or CFA, CPA, etc.
- Consider candidates with relevant experience: Prior experience in the financial services industry is typically preferred for many roles.