Massive requirements at the junior and mid-level in the BFSI sector will lead to
rise in number of BFSI
recruitment consultants in India in the coming years. Furthermore,
according to a survey more than 70% of the employers are likely to outsource
their hiring to different placement consultants in the
next five years.
Today, these consultants are offering services to both national and international companies and helping employees land in a dream job in the banking sector. Even at the international level, many companies prefer BFSI recruitment consultants in India because of low cost competitive services and pricing.
Furthermore, according to a report by recruitment specialist firm Michael Page, the Indian BFSI sector is finding it difficult to restore and retain competitive employees. This will further increase the demand of skilled manpower in the BFSI sector, which will increase the work of many placement consultants.
Today, finance professionals with less than 10 years of work experience are in high demand as these jobs require a strong background in mathematics, statistics and finance. However, there is a shortage of employees in niche roles such as taxation and compliance.
With these gaps and budding requirement, most organizations are expected to outsource their recruitment to different BFSI recruitment consultants in India. The recruitment agencies reduce the time of hiring and let the HR managers focus on their core responsibilities.
Given the emerging economy of India, there is likely to be a big churn in the BFSI sector. The recruitment agencies are likely to boom in the coming years.
Today, these consultants are offering services to both national and international companies and helping employees land in a dream job in the banking sector. Even at the international level, many companies prefer BFSI recruitment consultants in India because of low cost competitive services and pricing.
Furthermore, according to a report by recruitment specialist firm Michael Page, the Indian BFSI sector is finding it difficult to restore and retain competitive employees. This will further increase the demand of skilled manpower in the BFSI sector, which will increase the work of many placement consultants.
Today, finance professionals with less than 10 years of work experience are in high demand as these jobs require a strong background in mathematics, statistics and finance. However, there is a shortage of employees in niche roles such as taxation and compliance.
With these gaps and budding requirement, most organizations are expected to outsource their recruitment to different BFSI recruitment consultants in India. The recruitment agencies reduce the time of hiring and let the HR managers focus on their core responsibilities.
Given the emerging economy of India, there is likely to be a big churn in the BFSI sector. The recruitment agencies are likely to boom in the coming years.
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