Digitization and automation are driving the talent landscape of the Banking, Financial Services, and Insurance (BFSI) industry. The sector is slowly moving away from traditional legacy systems and is embracing next-generation technologies to better serve their customers. This shift is not only reshaping operational dynamics but also changing the skills demand towards a blend of technology and financial expertise. However, talent demand-supply gaps and retention challenges are hindering this transformation.
Today, many forward-looking BFSI organizations are leveraging data-driven approaches, new sourcing methods, and advanced technologies to build a resilient and agile workforce. They are increasingly utilizing Managed Service Providers (MSPs) and Recruitment Process Outsourcing (RPO) services to build their talent strategy, acquire different types of workers, and effectively manage talent acquisition programs. In this viewpoint, we explore avenues through which BFSI organizations can future-proof their talent strategies and adapt to the evolving business landscape.
Scope
Industry: BFSI
Geography: global
Contents
In this viewpoint, we explore the emerging trends that are shaping talent strategies in the BFSI industry as we address the following key questions:
How is the talent landscape of the BFSI industry evolving?
What are the major challenges and underlying trends shaping the BFSI industry in terms of acquiring and managing talent?
How can BFSI organizations future-proof their talent strategies?
Digital transformation extends beyond merely adopting new technologies or redesigning workflows and processes. It is important to ensure that the workforce is engaged from the outset and equipped with the necessary guidance to facilitate seamless…
