What’s driving talent acquisition in banking and financial services in 2024?
The backdrop of global political instability, the growing cost of living, rising interest rates and high inflation led to a cautious hiring environment in 2023. Financial services organisations took the opportunity to take stock of their businesses and assess cost, headcount and project ROI. But already in 2024, there is cautious optimism in the permanent hiring market. Below average bonus pools should lead to some movement in Q2, interim spend will remain steady as teams look to use any remaining budget before April, and there will be substantial hiring in regulatory projects with the next iteration of Basel, DORA and EMIR Refit all on the horizon.
What are the reasons behind increased market confidence in 2024? How are businesses focusing on supporting their staff in the coming year? And has the market finally stabilised after the frantic hiring of the post-COVID period?
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