To Attract Mid-Career Candidates, Financial Services Companies Must Think Outside the Box

Eightfold

Hiring remains a challenge in the financial services industry. According to the Bureau of Labor Statistics , unemployment in financial services stands at 2.2 One way to implement these insights is to develop formalized assessments for both existing staff and incoming candidates.

How To Assess A Candidate’s Leadership Potential

Spark Hire

Assessing for leadership potential as you hire is hugely important. As you’re hiring, here are some components to focus on to be sure you’re properly assessing a candidate’s’ leadership potential. Rather than blindly trying to make decisions when they lack information, they want to go to the proper sources so they can gather all of the data they need to make an informed choice. The ability to assess and use employees’ strengths.

12 Assessment Tools That Will Help You Hire the Best Candidates Quickly (and Fairly)

Linkedin Talent Blog

Talent acquisition professionals note that conventional interviews often reinforce existing biases, have a limited ability to assess soft skills, and are unreliable. Assessment tools range from broad personality tests to aptitude tests aimed specifically at delivery boys.

How to Identify and Assess Motivation in High-Performing Candidates

Entelo

Source for results and achievements outcomes. Finding highly motivated people at the sourcing stage is challenging, especially if you’re mostly pursuing passive candidates. hiring interview Sourcing

How AI Changes Hiring For Insurance

Ideal

As with searches in any white-collar industry, you want to make sure you’re sourcing and interviewing people who are: Vetted: But this also needs to be contextual. This is where a pre-assessment may come in handy for insurance hires. These can be pre-assessed.

Embrace Talent Diversity in Your Sourcing Strategy

Entelo

Training interview teams about unconscious bias and showing them the areas it manifests is a good first step to fairer candidate assessment. It's no secret that many companies struggle to nurture and promote diversity.

5 Questions Recruiters Should Never Ask

Recruiting Daily Advisor

Source: matdesign24 / iStock / Getty Images. What Is Your Personal Financial Situation? (or Screening, Assessment, Interviewing candidates Human Resources Human Workplace interviewing questions RecruitCon

15 Reasons Why Technology is Crucial to Diversity Hiring

ClearCompany Recruiting

With that said, cut down your list of qualifications by sticking to the “must haves” instead of the “nice-to-haves.” ( source ). source ). source ). source ). Companies that have a diverse workforce financially outperform companies that don't. source ).

Should You Hold a Candidate’s Former Employer Against Them?

Recruiting Daily Advisor

Source: Antonio Guillem / Shutterstock. Serafeim recently conducted research on the career trajectories of more than 2,000 executives who left companies with headline-grabbing financial scandals, but who weren’t implicated in the misconduct themselves.

9 Spooktacular Recruitment News Stories to Brighten Up Your Halloween – 31st October 2016

Social Talent

IT skills dominate this year’s list globally and across the vast majority of countries assessed by LinkedIn. In the past 12 months, the target for when men and women would get equal pay moved 52 years into the future – to 2186 – a level not seen since the 2008 financial crisis.

Categories to Help Build a Talent Acquisition Budget

Media Staffing Network

Do you have someone internal or do you need an outside source or do you need to create a new position? Assessments/Profiles. Longer financial security periods. Hiring Managers Local Sales Recruitment Recruiting Sourcing budget budgets in hiring hiring cost hiring for media recruiting budgets talent acquisitionLast month we discussed how important it is to have a budget for Talent Acquisition. We promised tips to help you build a plan for your budget.

Looking Past a Candidate’s Résumé to Find the ‘Real Employee’

Recruiting Daily Advisor

Source: peepo / E+ / Getty. Screening, Assessment, Interviewing RecruitConOver the last few posts, HR Daily Advisor Editor, Jim Davis sat down with RecruitCon 2019 keynote speaker, Jeff Hyman, to discuss the world of recruiting.

4 Steps to build your talent acquisition strategy

Hacker Earth

Assess and analyze the business. With tons of data available at their fingertips, recruiters are leveraging big data analytics to better assess and analyze issues associated with high turnover rates and the possible solutions to these issues. Another vital source of information and insight are your current employees in roles similar to the ones you are looking to hire for. Also read: A complete guide to Talent Assessment Software ). Recruiter Tips Talent Assessment

The Optimism Bias

IBM

However, often individuals’ cognitive abilities become biased by previous experiences or intuition over and above the use of financial or rational outputs. Identify the source of the information you are using in your decision-making.

Impact of technology on insurance industry

Hacker Earth

Source: Deloitte Center for Financial Services. Automation of more complex tasks (other than compliance checks or data entry) such as property assessment and personalized consumer interactions over the years has brought frictionless experiences and cut down redundancy.

8 Intriguing Recruitment News Stories this Week – 9th November 2015

Social Talent

The financial results for LinkedIn’s third quarter of 2015 have been released , and they’re pretty damn impressive! All FTSE listed companies now assess the gender balance on their boards and take prompt action to address any shortfall.

Creative Solutions for Healthcare Recruiting

Hospital Recruiting

Assess and Adapt. Can you offer access to financial or legal assistance, retirement planners, stress relief classes, or other providers? An Unlikely Source. Recruiting Tips & Employer Resources Candidate Sourcing Recruiting Recruiting TipsAndriy Popov/123RF.com.

8 Exciting Recruitment News Stories this Week – 8th February 2016

Social Talent

In other LinkedIn news, last Thursday saw the announcement of LinkedIn’s financial results for the fourth quarter and full year of 2015. Beyond assessments and work samples, Interviewed also offer structured interviewing as a service.

9 Mind-Blowing and Mind-Boggling Recruitment News Stories this Week – 23rd May 2016

Social Talent

All of the passwords were encrypted, or “hashed,” but one of Motherboard’s sources said they had cracked 90% of the passwords in just 3 days. And that “something big” is their brand new fit-assessment/sourcing/screening site: Hooble.

iCIMS 121

6 Recruitment News Stories to Kick-Off 2016 – 4th January 2016

Social Talent

This report provides invaluable benchmarking data for our members for assessing how their businesses are performing compared to overall industry averages and to agencies operating in their sector.”. Assess Creativity by asking: Tell me about a time when you were particularly creative.

7 Unmissable Social Recruiting News Stories – 13th July 2015

Social Talent

The top content-demanding industries are tech, financial services and higher education and the average post now reaches professionals in 21 industries and 9 countries. Culture Fit More Easily Assessed. Is LinkedIn a more effective for sourcing talent?

8 Fascinating Recruitment News Stories – 14th September 2015

Social Talent

Two-thirds of all companies have sourced new hires in the last year from social media , that’s according to a new study conducted by SHRM (Society for Human Resource Management). In the news this week: SHRM Survey Reveals 2/3 of Companies Made Social Media Hires in the Last Year.

Top 10 In-Demand Banking & Finance Job Titles 2015

Social Talent

Financial Analyst. Senior Financial Analyst. financial analyst. They maintain financial reports, records and general ledgers, prepare and analyse budgets and perform general bookkeeping. Financial Analyst. Senior Financial Analyst.

Skilled Talent and Leadership Development—How Learning Must Evolve

Recruiting Daily Advisor

Source: Kisialiou Yury / Shutterstock. Companies need to change how they hire, develop, and retain employees with these differences in mind, assessing the talent they have, doing some level setting, and then developing people at the pace they need.

8 Thought-Provoking Pieces of Recruitment News this Week – 30th May 2016

Social Talent

However, URL links will still count as part of the 140 character limit: Source: Techcrunch.com. To make this a reality, the Hackajob founders say they have built tech that can objectively assess code, looking for things such as “code quality, efficiency and industry best practices”.

How To Make Sure You Know Exactly Who You’re Hiring.

Recruiting Daily

This epidemic seems endemic across functions, with financial services (73%) hospitality (71%), tech (63%) and healthcare (63%) ranking among the industries most likely to have encountered someone lying on their resume. As the ousted former CEO of Yahoo! ,

Contract or Perm—Be Mindful of Your Hiring Practices in a Candidate-Driven Market

Recruiting Daily Advisor

Source: Light And Dark Studio / Shutterstock. First, they provide the opportunity to assess an employee’s skills and cultural fit before committing to a full-time arrangement that includes benefits and other expenses. The rise of contract workers has hardly been a secret.

Why a Candidate Says No to Your Job Offer

Recruiting Daily Advisor

With qualified candidates at a premium, employers must examine how they’re presenting themselves to the interviewee, in order to effectively assess candidates while creating a compelling and unique candidate experience. Source: ahirao_photo / iStock / Getty Images.

How to Turn HRBPs into People Analytics Evangelists

Visier - Talent Acquisition

Organizations typically start to enable people analytics usage primarily among the HR community, but the above shows a correlation between managers as people analytics users and improved financial performance. Assess HRBP skills. We need to honestly assess the skills of what we do have.

Data 82

Selling Recruitment Risk Framework During Business Development

NPA Worldwide

Some factors might influence it, such as assessment skills, the number of suitable quality applicants, employer branding, quality of the database, recruitment business process, hiring manager commitment, and so on. 2: Inability to source and reach expected talents.

How to Turn Your Vision for Data-Driven HR into a Reality

Visier - Talent Acquisition

If you are a people analytics champion, you need to build a business case that is compelling (appeals to many stakeholders and connects with financial outcomes), complete (covers all the options for delivering analytics), and durable (can compete with investment requests coming from outside HR).

Data 105

Have You Mastered Recruiting In Banking?

Ideal

The disruptive arm of the financial services industry is called — logically — “fintech,” and it’s already making a pretty big dent. There are soft skill assessments you can try as well.

4 Trends That Hold The Key to Successful Recruitment in 2018 (LinkedIn Report)

Social Talent

Companies are prioritizing diversity for many reasons – the top two are to improve culture (78%) and to boost financial performance (62%). Talent professionals also found AI to be most helpful when sourcing candidates (58%), screening (56%) and nurturing candidates (55%).

Top 10 In-Demand Banking & Finance Job Titles

Social Talent

Financial Analyst. Senior Financial Analyst. Financial services and Banking job postings have increased by 15% on Indeed.com since August 2013. They maintain financial reports, records and general ledgers, prepare and analyse budgets and perform general bookkeeping.

“Trust Me, I’m A Candidate”

The Whiteboard

Over the weekend, the Herald ran a story regarding Anthony Kiro , a former professional League player, who through the use of forged documents, secured a job as a senior advisor at the Financial Markets Authority. We do all in our power to assess cultural and technical fit.

4 Ways to Build Agile Teams Using People Analytics

Visier - Talent Acquisition

This process is often cumbersome and spreadsheet-based, however, with HR pulling information from many disparate systems (covering everything from compensation and performance data to financial targets).

How to Recruit For Today's 33 Most Sought-After Jobs, According to LinkedIn

Cornerstone On Demand - Talent Management

2) Most Recruited Jobs in Finance In the financial services industry , the role of Data Scientist is the top most recruited role.