01 Jan 1970 AnkitChadha

Finance Recruiting: Explained

Finance Recruiting | TRC Consulting

To find top-quality professionals for filling up financial services jobs in your organization can be a great challenge, but when you partner with a finance recruitment agency like TRC Corporate Consulting India, the process gets more comfortable. Specialized in finance recruitment for mid to senior-level roles such as risk, corporate banking, investment and financial services and much more.

We have years of experience in finance recruitment as our local offices in India gives us a thorough understanding of the market trends and needs. We can help you find the best hire for your team. A lot many of our finance recruitment consultants have a background in banking and financial services, enabling us with an in-depth understanding of the complex requirements of financial services roles. Whether you are an MNC or a start-up, we can provide accessible insights into which professionals possess the right skill sets for your company’s success.

Lets us discuss what's old, what's new, and what's changing in finance recruitment.

Finance Recruitment Vs. Regular Recruitment

The recruitment industry is divided and faces different individual sector demands. In finance recruitments, companies hire candidates with defined skill sets as per strict policies and regulations. A host of global economic challenges make the recruitment process more challenging for finance sectors than the rest. It is not as simple as submitting a resume and getting hired based on just your past performances and skillsets. Most finance recruitment agencies make sure these points are a part of their model:

  • Scrutinize financial employees in accordance with strict regulations.
  • Match the demand for specialized and defined skillsets against the market needs.

Finance recruitment professionals get bombarded with candidates, which makes it essential to treat them carefully. We use these tactics to get inside their head:

  1. We recruit candidates to fit the job and are not career coaches.
  2. We ask the candidate why they are right for the job.
  3. We inquire if they understand the pressure that comes with the job.
  4. We look for candidates that can grow with your business.

Finance Recruitment Challenges

The finance sector has been going through significant changes. A successful finance recruitment model needs to stay up to date on finance employment challenges and trends. The ministry of finance recruitment itself offers various job positions for the young and dynamic. This makes sure that the younger workforce is a part of the finance industry and can tackle the challenges of the coming age.  Take a look at these three major challenges faced by the finance industry.

  1. Shortage of Talent

Technological advances are changing financial job positions and recruitments. Organizations look for professionals who can do more than just crunch numbers. What’s desired is candidates with diverse business and technology experiences and can change and evolve.

  1. Engage Millenials

Attracting the younger members of the workforce towards the finance industry is a big challenge. There is a need to employ varieties of retention strategies to decrease the iteration rate. Better development opportunities should be facilitated to enhance the knowledge of the employees and increase their investment in the finance career sector.

  1. Create Attractive Work Culture

Most of the workforce would opt for pay cuts, given they work at a company whose values they feel are in tune with their own. People need to bring their complete selves to work as work and personal lives today are intertwined more than ever. Beyond monetary incentives, adding values create and highlight good company culture. Employee wellness plans, team-building events and development workshops will make your organization stand out.

How We Tackle Finance Recruitment Challenges?

To tackle the challenges mentioned above, our HR professionals and recruiters follow these practices:

  • Create an appealing employer brand
  • Apply fresh recruitment tactics
  • Influence employee referrals
  • Match requirements against skillsets

Your Partner For All Finance Recruitment Needs

We at TRC Corporate consulting have comprehensive experience in finance recruitment for various roles in the industry and follow a consultative approach. When you partner with us, we do more than just send stacks of resumes for you to choose from. Our first priority is to understand your hiring needs, and then to find the professional with the right skillsets to fill those needs. Hiring talented, skilled professionals can be meticulous, and we understand that. Let us help you fill up your hiring requirements while you take care of the other aspects of your business. If you need any further understanding or have queries concerning finance recruitment, contact us, and we will be more than happy to help you.