Social recruiting for financial services
Financial services talent are in high demand with looming skills shortages
The skills shortage in the financial services and banking industry has widened over a decade. In 2009, 50% of the CEOs of financial services companies said skills shortages were a threat to their companies’ growth prospects. In 2019, it’s grown to 76%.
Deepening that skills gap is the rising competition for skilled talent who are drawn to other industries like high tech, making in-demand roles such as software and information security professionals harder and costlier to fill.
The struggle to retain talent in the candidate pipeline and the existing workforce is especially felt for millennial talent: Only 10% of millennials working in the financial services sector plan to stay in their current role for the long term—lower than the 18% average across all sectors.
PwC reports that millennials prioritize purpose-driven occupations, and financial services companies that can “build and communicate meaning and social value will therefore be an increasingly crucial employer brand differentiator.” But while 86% of millennials use social media, only 34% of banks say they are very active on social media, and 13% have no social media presence.
CEOs of financial services companies who view skills shortages as a threat to their growth prospects (Source: PwC)
Millennials working in the financial services sector who plan to stay in their current role for the long term—lower than the 18% average across all sectors (Source: PwC)
Candidates working in banking who say they’re more likely to turn down a job if they have a poor recruiting experience (Source: PwC)
Social recruiting helps talent acquisition teams attract in-demand financial services talent at scale
CareerArc is the only social recruiting platform built to achieve the reach and scale you need to hire the best banking and financial services talent on social media. Become the employer-of-choice your passive candidates seek by showcasing your employer brand more meaningfully and more frequently on the top social sites they visit most.
Recruit more skilled, in-demand talent faster
Attract talent for specialized, hard-to-fill roles by getting your open jobs and employer brand content in front of top candidates where they frequent most—social media. CareerArc powers the most advanced social recruiting solution on the market and an award-winning client success team which together helps you reach the qualified financial services talent you deserve.
Stand out from the competition with a strong brand
Employer brand matters, especially when you’re up against competition within and outside the industry. Social recruiting gives banking and financial services firms the competitive edge they need on social media. Through groundbreaking tech and client support that showcase your employer brand consistently and frequently, CareerArc helps you create more meaningful and memorable brand engagement and affinity so your brand and open jobs stay top-of-mind.
Power social recruiting for multiple brands and locations
Recruit for multiple financial services brands, corporate headquarters, and bank locations anywhere around the globe. CareerArc’s social recruiting platform allows you to manage customized, branded social posts and job maps for each location all in one platform as well as schedule posts by specific timezone so you can easily find and encourage engagement with the local candidates you need, when and where you need them.