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The right people for the right positions
Overview
Finding and recruiting the right staff Is a challenge for any organisation. In the financial world, it has become a pan-European problem. It is the most commonly reported barrier to growth in both the East and the West.
• In Western Europe, there is huge competition for potential employees. Financial institutions invest heavily in the recruiting process to attract well qualified candidates. However, they often have to settle for people who have potential, but don’t currently meet the needs of the role.
• In Eastern Europe, there have been dramatic developments, with increasing internationalisation, mergers and acquisitions. This has heightened the demand for talented personnel. Banks face a shortage of skilled people, particularly in the area of management.
• Throughout Europe, there is a pressing need to develop successful recruitment strategies. This issue ultimately affects efficiency, productivity and growth. Once the right people have been recruited, they need to be kept. High turnover rates affect motivation, productivity and management.
Key issues
This conference provides a unique opportunity for experts from Western and Eastern Europe to share the lessons they’ve learnt. For instance, the West has experience of using different recruitment channels. Meanwhile, the East has sometimes been forced to overpay to recruit the right people.
The conference will discuss various issues, including:
• Going to the right places - Financial institutions need to be more proactive (e.g. going to career fairs to attract new graduates). Other options include more effective online e-recruitment strategies, and the use of executive search facilities (in conjunction with external companies).
• Attracting the right people - This includes incorporating a successful recruitment and retention strategy into business goals. A good brand helps to attract good candidates, and HR personnel need to ‘sell’ the company well.
• Developing the right environment - People no longer tend to stay at the same company for life, so it’s vital to keep new recruits happy, engaged and motivated (not only through higher salaries, but also employee benefits).
