Employers urged to broaden the net
Employers are missing out on securing potentially ideal staff, by focusing too strongly on inflexible technical requirements, according to recruitment firm Hays Banking.
Hays Banking senior regional director Jane McNeill said rather than maintaining stringent technical skill prerequisites, employers should consider the cultural fit of a potential employee. This includes their fit with the existing team, affinity with the company’s values and way it does business and their potential in order to open a vacancy to a wider pool of suitable candidates.
“Many of the technical skills required for roles, particularly entry-level roles, can be taught,” she said.
“For roles that require particular industry experience, the unique characteristics of that particular industry can be taught and should not prevent the employment of a candidate who is otherwise the most suitable person for the role, has solid experience, suits the company, and who can become a highly valued asset with a little technical training.”
According to McNeill, soft skills such as communication, initiative and ambition, integrity and customer service skill were all “good indications of how a candidate is likely to succeed in a role and fit in with the business culture”.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.