Don't show me the money

HR folk are forsaking financial services to work in less problematic sectors, according to a top HR recruiter.

Matt Brooks of Eyzon says sectors such as FMCG, retail and technology are drawing people disillusioned with the money business.

“There is still a strong market in financial services, but we have seen and continue to see an exodus, driven by legislative change in the wake of the banking crisis,” he says.

“The reward function is now obsessed with trying to ensure compliance with inconsistent and conflicting interpretations of ever-changing regulations. Their priorities now, somewhat reluctantly, are moving away from ‘attract, retain and motivate’ towards ‘interpret, placate and comply’ with pages and pages of legalese.

“Many people are abandoning financial services in search of roles in sectors in which they can continue to use flair and invention. We’ve also noticed a considerable drop off in the number of people outside of financial services trying to fight their way in.”

HR people in financial services looking to get the heck out could do a lot worse than clicking here.

About the author

Andrew Baird

Andrew is the CEO of HRville. He is also Employer Brand Director of Blackbridge Communications, Editorial Director of Professionals in Law and an associate of The Smarty Train. Previously, he was the MD of TCS Advertising.