Just as it led the descent into redundancies and recruitment freezes, could the banking and financial services sector now be heralding an HR hiring revival in the private sector? New demand for recruitment specialists seems to indicate so.
The back seat taken by the private sector last quarter is being punctuated by some movement within investment banking especially. Hungry to get the necessary HR manpower in place quickly, most banks are recruiting immediately on a temporary basis, with a view to re-appraising their needs in months to come.
Recruitment specialists now find themselves in demand after a long period of stagnation
In stark contrast to three months ago, recruitment specialists now find themselves in demand after a long period of stagnation, and some investment banks’ HR teams are coming back to full capacity.
But organisations recruiting for HR roles are looking to get the most from their new hires. HR business partners for instance are quickly becoming the hire of choice as their remit adds value to both operational and strategic issues. Talent management and learning and development specialists are also being recruited in a bid to better utilise the skills already on board.
The biggest loser of the HR job market to date has been the senior level which took the brunt of the decline. A revival in senior level hiring is increasingly on the horizon for the private sector, with banking and financial services again at the helm.
