The banking industry is thriving. Recent estimates show there are over two million people working in various capacities for banks in the country. Along with increased challenges associated with managing a large number of people, the banking sector faces some unique human resource challenges. Due to the unique nature…...
How to Attract Star Performers for Financial Roles
Most companies respect and rely on their Finance Departments for dozens of daily duties: controlling expenses, investing assets, managing payroll, etc. Industry leaders should focus on attracting finance professionals who possess skills not only in these operational duties, but in strategic leadership as well. Employers who can demonstrate their…...
Recruiting Trends that are Gripping the Financial Industry
As the year ends, many organizations are now speculating on recruitment trends that will potentially impact the Finance industry in 2019. According to Deloitte, the financial services industry can expect to see more issues pertaining to regulation, disruptive models and technologies, continued shifts in demographics, restructuring portfolios, as well…...
Firing in the Financial Services Industry: the 5 Most Common Reasons Finance Professionals are Laid Off
Being laid off or fired, though extremely unpleasant, is very much an aspect in every professional industry. This is especially so in today’s fiercely competitive Financial Services market, where for every one employee, you have numerous potential replacements and applicants for the same position. It stands to reason that…...
To Maximize Success, Place Financial SuperStars in Key Roles
Every team in the National Football League and Major League Baseball all would love to field superstars at every position. The same is true for Financial Services firms and Banks. Chief Lending Officers, Managing Directors and CFO’s devote countless hours devising ways to lure, hire, and retain all-star talent.…...
Fundamental Differences in Managing Financial Millennial’s
Millennials working in the financial world of today and tomorrow are not motivated by the same things that inspired their parents, and most likely, their supervisors. Obviously, younger employees are accustomed to accessing information, whether personal, social, or professional, at the click of a few keys. They also seldom…...
#1 Key to Effective On-Boarding Finance Employees
Newly hired finance employees often feel overloaded with information about their new company, its policies and procedures. Rather than bombarding new hires with paperwork, policy books and forms to compete, the most critical thing that a company can do to increase the chances for a new hire to still…...
Man vs. Machine: Financial Analysts in an Age of Automation
The ‘Man vs. Machine’ debate is as old as the discovery of wheel. However today, with the advent of modern digital technology, the debate has become increasingly heated. Hollywood has also joined in. Movies, such as Avengers: Age of Ultron and Ex-Machina, show horrendous consequences of machines making use…...
Firing As Important As Hiring for Financial Roles
It is probably the worst part of any Financial Executive's job, but sometime during the course of any career in corporate finance, you are going to have to fire someone. It is bad enough knowing that you have to tell an employee that he is losing his livelihood. It…...
Reduce Financial Executive Turnover to Save Company Money
Financial executives and CEO's often focus on reducing turnover as a way to save money for their companies. They know losing a key employee costs the firm in several ways. It forces a re- engagement of the recruiting, interviewing, and hiring process, with all its attendant costs for job…...
Elevate Your Finance Team For Strategic Advantage
Most companies rely on their Finance Departments for dozens of daily duties: controlling expenses, keeping an eye on overhead, investing assets, etc. Industry innovators are smart to focus on attracting finance professionals who possess skills not only in these operational duties, but in strategic leadership abilities as well. Employers who…...
From Wall Street to Y’All Street
For decades now, New York City and Boston have been the financial pillars of a booming US economy. In recent years, however, we’ve witnessed a fundamental change in this historical pattern as some of the nation’s biggest financial corporations relocate to less expensive locations in the South. With leading…...
