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Digital talent biggest issue facing financial services businesses, says Armstrong Craven

Finding and recruiting the best digital talent is the single biggest issue facing businesses in the financial services industry, according to Armstrong Craven.


The company says many of its projects in the last 12 months have revolved around helping clients to attract the best digital candidates, particularly for senior and scarce roles. The trend identified by Armstrong Craven backs up research by Gartner claiming that 30% of tech jobs may go unfilled by 2020.


Jon Stephansen, Armstrong Craven’s practice director for financial services, said, “Digital talent is so highly in demand that large, traditional companies must reinvent themselves, or consider new locations, to attract enough of the talent they need.


“There is a clear trend to look for talent where it is available. As a result, companies are setting up and continuing to grow technology centres in locations such as Romania, Poland and India.


“Talent pools will change more rapidly in the coming years than they have in the past and that is especially the case for digital talent.


“Corporations need to adjust requirements and organisational changes to fit the landscape. Only then can they plan for the right skills and capabilities required.


“Talent availability, talent migration, changes to and advances in technology, as well as socio-economic and political shifts are important external factors to consider.


“It will also be important to identify which skillsets and capabilities can be nurtured within the existing employee base, as digital talent must also come from the development of digital skills in existing roles.”


Photo courtesy of Shutterstock.com

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