The Coming Talent Battle in Financial Services: Hiring Millennials and Gen Z

The Coming Talent Battle in Financial Services: Hiring Millennials and Gen Z

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Millennials and Generation Z are now nearly half of U.S. population, which presents recruitment challenges for banks and insurance firms. With recruiting, onboarding, and talent management best practices changing alongside new generational demands and digital transformation, financial services leadership must adjust or face dimmer hiring prospects. 

Despite doom and gloom, there is guidance in this time of transition. I sat down with David Villaseca, Global Director of Financial Services Industry Solutions here at Oracle to discuss how financial institutions can adjust, from recruiting to onboarding.

Have a read:  

What do younger professionals want in a transforming Financial Services industry?

DV: Banks and insurance firms are fighting the war for talent – and nearly all major banks are starting to look more like technology companies than banks. It’s no surprise given the shortage of talent that banks are turning to digital natives that they can attract from the tech startups and consulting firms. Their message is gaining traction. Younger professionals are no longer only interested in fancy perks at work, but also want employers to connect with their career needs and aspirations.

In the post-digital economy, connecting through new technologies is essential for the Adaptive Bank: one that is intelligent, agile, and

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