Recruiting in the financial industry requires plenty of strategic thought. In a competitive landscape where nearly 50% of employers are looking to hire, strong recruitment strategies are more important than ever.
At Marks Sattin, we’ve spent nearly 40 years helping hiring managers connect with top financial talent. We’ve seen what works (and what doesn’t) and know firsthand how transformative the right strategy can be.
With 1.7million financial jobs in the UK, skilled professionals are certainly in demand. By sharpening up your strategy and utilising expert support, you can position yourself as a leading employer in the space.
Find out how you can craft a financial recruitment strategy that truly works, why it’s important to do so, and how partnering with a specialist finance agency can make all the difference.
Why does a strong financial recruitment strategy matter?
Between technological advancements, market fluctuations, and changing regulations, the financial sector is dynamic. You need to hire the right people to keep up with the pace.
When recruitment takes a back seat, you can end up with costly mismatched hires. With many different spinning plates ongoing, it can be easy to let recruitment slip. A strong hiring strategy handles this for you, becoming a powerful tool for growth and innovation.
Finding candidates with the right blend of traditional skills and tech expertise requires attention. Similarly, the demand for finance professionals means there’s likely some jostling to do to secure those who tick the right boxes. A strong strategy means you’re more than just another name in the industry.
How to build a successful financial recruitment strategy
Understand your recruitment needs
The first step of any recruitment strategy is to ask some big-picture questions. A skills gap analysis can help identify which areas need some attention now, which roles you’ll need in the next few years, as well as picking up on patterns such as high turnover. Here, you’ll align recruitment with wider business goals.
Define your roles clearly
The best talent knows exactly what they’re looking for in a role. If your job offerings are too generic, you’re not going to catch their eye. 17% of candidates are put off applying by vague job descriptions. By putting all the skills, experience, responsibilities and what makes the role exciting in the shop window, you can stop the right people from walking on by.
Leverage specialist recruitment agencies
Hiring in the financial sector is a full time job. It takes time, effort, and expertise to get it right. That’s where working with an experienced recruitment agency like Marks Sattin can give you the edge on the competition.
We’ve spent decades building a network of top-tier finance professionals that you won’t find on job boards. We handle the legwork so you can focus on other aspects of the business and offer market insights to help you make informed decisions.
Recruitment is about more than just filling a vacancy. Enlisting some expert assistance ensures you take a quality over quantity approach.
Build a strong employer brand
Your employer brand is your reputation as a workplace. It’s what candidates immediately think of before they even apply. In a financial sector where potential applicants have plenty of options, it’s important to get it real.
To build an attractive employer brand, you’ll want to:
- Share real stories about your team and your culture
- Be transparent about values and commitment to initiatives like diversity, equality and inclusion
- Showcase what makes your business unique and exciting
- Spotlight your benefits packages
Use data-driven recruitment strategies
In recruitment, data can do a lot of the heavy lifting for you. To get the most out of your hiring efforts, focusing on metrics around the time, cost, and quality of hiring can optimise your strategy. Predictive analytics and AI can also help you make informed decisions in a much more efficient way.
Make Marks Sattin a part of your financial recruitment strategy
Partnering with Marks Sattin can open your doors to the best finance talent. Whether you’re looking to refine your recruitment strategy or fill a critical role, we’re here to help. With our expertise, network, and recruitment advice, you’ll have all the support you need to drive your business forward.
Ready to improve your recruitment strategy? See our financial recruitment services or submit a brief if you’re ready to get started.
