Talent is now an integral part of strategic planning, tied to business plans and growth targets. More than half of US CEOs are planning to hire this year. The challenge is in finding and retaining the right mix of people as companies cope with an acute skills mismatch problem: talent shortages amid high unemployment.
Financial institutions operating models are changing and adapting to the new realities arising from regulatory reform, capital requirements, economic uncertainty, and evolving customer requirements. This puts a premium not just on individual talent but on the organization as a whole, to develop effective human capital strategies in order to be more competitive.
PwC’s dedicated group of professionals focused on the financial services human capital area assist in addressing client issues such as regulatory driven change, risk management, growth, investor credibility, cost and productivity.
Bhushan Sethi and Suyoung Sebastian discuss how financial institutions can implement strategic talent decisions to meet business goals.