2014 Trends in Africa Financial Recruitment

2014 Trends in Africa Financial Recruitment

February 2014 marks the end of our financial year- a good time to look back at the recruitment trends in the banking and finance sectors, over Africa. In closing the year off, knowing the overall picture of the prior year, it helps to program the year ahead as well as to improve on inadequate decision-making.

Recruitment trends for the period February 2013 – February 2014

Not all strong skill is on the market

Many candidates, who are best for our clients’ positions in Banking & Finance in Africa, are happy at their current company. Management treats them perfectly, they have job satisfaction and thus tend to be definitely not hunting to move… except if “for the right chance.”

Because Africa exposure is a talent that many candidates are vying for, this really is usually the thing that gets the candidate interested; the salary increase also helps, naturally. Most of our clients tend to be happy to pay for the right candidate, which is something that many companies are unable to budget for.

Africa Recruitment trends in the Banking and Financial sectors show a shift in our clients’ needs, asking our headhunting services (more thus than general recruitment). Companies realise that employing the cheaper way is certainly not always good for long term company sustainability. You headhunt from our clients’ direct competitors, which offer that edge that will make them a leader in their respective sectors.

The perfect prospect for a role is not always on the market- you have to make it worth their while to make a move, especially in the Africa recruitment marketplace.

Strong talent has options

As soon as the ideal prospect who is active available, is identified, we often discover that there tend to be over one company vying after this candidate. Recruitment trends in Africa, in the Banking & finance sectors, show that candidates work with more than one recruitment fast to discover brand new opportunities for them. Because a couple companies have panel interviews (where you have to co-ordinate diaries); the process gets delayed, so candidates will frequently have 2nd and third interview at over one business.

Responsive social media presence

With the outbreak of social media, recruitment trends in the Banking & finance sector in Africa, have revealed that it has become increasingly important for us (CA Banking, Insurance, Finance & Legal Division) to build on and keep a responsive social media presence. Responsive due to the fact it is no longer important to simply have a static website – engaging with candidates and clients alike, in real time, provides a service that ensures our human aspect.

Furthermore, our clients in Africa have social media tips, that, if you tend to be to service properly, should be able to meet their social media requirements.

CA Banking Africa, Insurance, Finance & Legal Divisions’ social media scope:

CA Banking Africa, Insurance, Finance & Legal Division Facebook page for clients

CA Banking Africa, Insurance, Finance & Legal Division Facebook page for candidates

CA Banking Africa, Insurance, Finance & Legal Division Blog

Total, for the period February 2013 to February 2014; recruitment trends for CA Banking, Insurance, Finance & Legal Division, show that hiring activity in Banking & Finance in Africa, experienced a steady growth, very towards the finish of 2013. CA Banking, Insurance, Finance & Legal Division has been building its brand and gradually, our reputation is achieving Africa as per our customer service and headhunting strategy goals. Our clients work in all sectors across Africa and request a entire range of services, ranging from Professionals look as well as headhunting, payroll to Recruitment Process Outsourcing (RPO).

If you would like us to assist you with building your team of professionals within Africa, have a look at the recruitment services in Africa we offer and we can tailor a package that is suitable to your company.

Thank you for reading.
Connect with me on LinkedIn, Facebook and Twitter.
Also share your views on the articles I publish at CA Global Banking, Insurance, Finance & Legal blog. It is lovely to engage with industry experts on a range of topics covered within these sectors.
Fowzia
Finance Headhunter & Recruitment Associate
Fowzia[at]caglobalint[dot]com
The CA Global Banking, Insurance, Legal & Finance division is a division of the CA Global Group