Financial Services Industry Hiring Trends in Accra 2022

A technology-driven world has revolutionised hiring trends in the banking sector globally. Financial firms are constantly adapting to remain both relevant and competitive. With inflation constantly skyrocketing, it seems there’s a shortage of just about everything, including staffing. Staffing is a significant need for Accra’s financial services industry.

The following are some of the current hiring trends by banks in Accra. 

Hiring Based on Potential

Most hiring managers have realised that not all people will have the desired expertise. Thus, if the role allows it, you should hire an individual with potential. It may help if you pay attention to several attributes and skills. 

According to a world bank report on Ghana’s youth employment, it is crucial to have programs that incorporate new skills needed by employers. These include basic digital and soft skills in the education system. It is also crucial to have systems that connect young people to available jobs. The Digital Times highlights how important The Institute of ICT Professionals, Ghana, is in working with young professionals and students. It aims to equip them with skills in emerging technologies needed for employment.

Promoting Internships

Financial service institutions must promote the industry and cultivate the next generation of talent. Many banks in Accra, including GCB Bank PLC and Ecobank, promote internships. These institutions also encourage participation from historically marginalised people in the job industry, notably women.

Hiring Highly Skilled Workers 

Attracting and hiring the right talent is good, but it’s not always enough. Banking institutions usually have very routine and mundane work. Such work requires hiring highly skilled employees to ensure efficiency in operations and proper utilisation of company resources. You need to hire based on academic and professional qualifications to get value for your money. 

The digital age has also transformed the staffing needs of banks. This has seen employers scour for highly technical talent to work as big data engineers and data scientists. Financial services institutions are also looking to hire people with business savvy and analytical skills. In essence, these are the potential new employees with the know-how of the many new AI-driven platforms.

For example, in Ghana, careers in investment banking require experience and financial modelling skills. Hiring managers will be looking out for such skills. 

Outsourcing the Hiring Process

Banks may need to onboard a large team to commence work on a specific project immediately. But the hiring process can be tedious and incredibly time-consuming. This is where outsourcing comes in. Banks can occasionally partner with an outsourcing firm to help with your staffing needs. Such a company will offer middle- and back-office support for your organisation.  It also has the necessary resources to help you find the right candidates.

Following and Changing With the Hiring Trends

As per current hiring trends, banks should stay competitive and adapt, particularly in an era of labour shortage. You should follow the following trends as you look to change with hiring trends. 

• Shift your hiring approach
• Look for ways to expand your talent pool
• Capitalise on automation and outsourcing the hiring process.

Hiring Remotely 

The pandemic was undoubtedly a game changer for most hiring managers. The imposition of social distancing measures meant that hiring managers had to find new ways of onboarding. Most banks have been developing new hiring strategies to ensure operations continuity. One such strategy is hiring remotely. This robust workforce planning strategy enables HR managers to create new job opportunities for the local workforce.

Let’s Help With Your Hiring Process!

If you are looking to hire the right employees, we are here to help you. At Vitalis, we strive to have a hiring process designed to help your organisations find the most qualified candidates. Our objective is to match employers with potential employees based on factors such as: 

• An in-depth understanding of employer needs
• Technical skills
• Proven professionalism

Our approach is unique. This is because we make the answers you provide our core focus in finding the ideal hires for your organisation. Contact us!