September 22, 2023
A majority of economic providers executives, 73%, have been challenged by a scarcity of succesful expertise within the final three years, making it tough to fulfill essential undertaking objectives, in line with a report by RGP, an expert staffing supplier. Solely 15% of these surveyed achieved their essential tasks since 2020 or exceeded objectives.
“Extra monetary providers leaders are navigating expertise shortages and their very own talent gaps by matching essential wants with skilled exterior expertise,” Irene Hendrick, senior VP of income at RGP, stated in a press assertion. “This speedy tempo of change has additionally created a larger want for surge staffing, which is a pattern that we anticipate will proceed to speed up as properly. This new mixture of in-house expertise, contractors and exterior companions is a daring change for monetary providers companies that requires openness, agility, collaboration and digitization.”
RGP additionally famous that many monetary providers suppliers additionally discover it difficult to handle data-intensive tasks.
“Monetary providers leaders have needed to handle a variety of complicated points in a quickly altering atmosphere, and knowledge modernization is on the coronary heart of those challenges,” Hendrick stated.
To enhance their possibilities of success in essential areas akin to digital buyer expertise, threat administration, synthetic intelligence and cybersecurity, many monetary providers leaders plan to improve their group’s undertaking abilities, in line with the report.
The report relies on RGP’s survey of 404 giant firms with $1 billion or extra in income and 120 monetary providers executives.
