Financial firms need to shake up their strategy for
attracting and retaining the best graduates says new PwC
A new study from PwC indicates that financial
services firms need to adapt their recruitment strategies to retain
the best talent in their business with a ‘significant gap’ between
what graduates expect from their graduate
job and the job itself.
The study found that 55% of graduates had
compromised on their job choices due to the economic downturn in
the UK and globally indicating that as the job market improves many
financial service firms may find it difficult to retain talent with
graduates open to new opportunities with only 10% indicating that
they were satisfied with their current role in the long term.
Jon Terry, a partner at PwC said; ‘Financial
services companies are already finding it hard to keep younger
workers and this is likely to become even tougher as the job market
starts to improve. This generation of graduates demand a
different approach to recruitment, retention, management and
development, which organisations simply can’t afford to ignore. If
companies fail to invest in trying to understand what drives this
group, they face the real risk of losing large numbers of them to
other companies when the job market picks up.
“Carrying on with the same approach to recruitment and retention is
no longer an option. Millennials want more than ‘just a job’. They
expect a varied and interesting career, constant feedback and the
opportunity to progress quickly. Their high expectations mean that
companies might find it harder than ever to keep their best talent
if they don’t adapt their approaches to their development
What are these?
Follow on Twitter
Link to us
Read our Blogg
Connect with us