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Financial Services Companies Leverage Temporary Expertise in Risk Management and Regulatory Accounting

Ref. PR-01722

According to the latest views of finance leaders from the UK’s financial services industry, companies in the sector are feeling the pressure to manage demanding workloads without increasing headcount.

Many finance departments are experiencing workload increases related to downsizing teams, both in the finance function and across other parts of their business, and increased focus on managing risk, as companies attempt to ride out the stormy economic outlook this year.

 

Finance leaders from a number of small, medium and large companies came together with specialist recruitment firm Robert Half Financial Services Group at a series of discussion forums held at the end of 2008. The results of these discussions are highlighted in Robert Half’s 2009 Financial Services Salary Guide.

Key trends and issues for the Financial Services sector identified include:

 

  • Companies are increasingly turning to temporary and interim professionals who have a strong background in risk management, regulatory accounting, and specifically liquidity reporting. These temporary professionals offer companies access to expertise in these areas without adding to department headcount.

 

  • Finance leaders expect the more relaxed approach to work characterised by *Generation Y adults (those born after 1980) in the sector, to change as they face their first recession and have to adapt to a tougher economic climate.

 

  • Retaining and cultivating talent continues to be a focus for companies. Although Gen Y workers may adapt in line with the new work environment they find themselves in, sensitivity to the varying values and expectations of staff remains key, with internal talent management programmes remaining a top priority for organisations who want to ensure that they develop high performers and grow talented managers to position their business for the future.

 

  • Finance leaders believe that forward-thinking companies will take advantage of increased numbers of talented individuals now available in the job market as their competitors downsize.

Document: Financial Services Companies Leverage Temporary Expertise in Risk Management and Regulatory Accounting

Contact Us

For further information please contact:

Michelle Whitman
Robert Half International
Tel : 020 7331 2222
Email : michelle.whitman@rhi.net