Financial firms miss out on top IT talent, says recruiter

Financial organisations need to plan better if they are to recruit top IT talent, according to a survey from recruitment firm Highams Group.

Financial organisations need to plan better if they are to recruit top IT talent, according to a survey from recruitment firm Highams Group.

The survey of companies employing more than 1,000 staff found that the finance sector is lagging behind the retail and distribution sectors when it comes to planning.

Almost half of financial services organisations fill their IT positions on an ad hoc basis, and only a third planned their IT recruitment needs a year in advance. Of the companies interviewed, just 15% looked six months into the future.

According to Highams Group, IT needs in the sector are for permanent rather than short-term staff. A high proportion of the projects the sector embarks on have IT at their source and are rarely just "dropped on" an organisation, making an ad hoc approach surprising, according to the group's CEO, Dave Pye.

"So many projects in the financial services sector are IT driven and are rarely just dropped on an organisation. It is therefore surprising that so much recruitment is carried out on an ad hoc basis, especially when the sector is also saying that its recruitment needs are largely for permanent rather than short-term interim or contract staff," Pye said.

"We are finding the lack of forward planning is sometimes resulting in financial firms missing out on the best IT candidates.

"There are good people out there, but it can take up to six months to get them on board in permanent roles. Planning ahead will mean that the right people with the right skills are available when the organisation needs them."

Pye said that placing IT directors on the board would help, because it would enable them to better understand business direction and plan for upcoming projects. "This means they will be well aware of the organisation's aims and objectives and will therefore be able to better plan projects and the talent needed to see these projects through on time and to budget," Pye said.




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