Why Is Hiring Cybersecurity Professionals So Challenging? Oakwood Search understands the “big-picture”.
There is a deep shortage of qualified professionals in the cybersecurity field, and so the competition for employees is fierce.
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Problems companies in the financial industry face hiring cyber security professionals
The financial industry has a big cyber security problem. According to IBM, the financial services industry was targeted by cyber attacks more than any other sector in 2016. That’s right financial services organizations are even attacked more often than governments. In addition to being the most targeted sector, financial services firms are being hit with
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How to Avoid the Ongoing Turnover and Retention Crisis
The Society for Human Resource Management (SHRM) states that the average cost of hire is approximate $4,100 and it takes over 40 days to fill a position. A bank with high turnover rates and retention problems will accrue these costs through different stages. First, there are the costs of severance pay, temporary replacements and overtime for other staff.
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Technology talent and quantitative expertise shifting
The optics of that could be devastating in the 2018 mid-terms, and the word from most of our banking clients is that they see the value in CCAR anyway. For this reason, hiring for CCAR professionals will likely remain strong, especially in terms of consultants.
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DOL Fiduciary Rule: Impact to hiring
As a result, many more employees will likely be needed to tackle this regulation
Oakwood has the expertise to find you the temporary or permanent staff you need to successfully navigate compliance of the DOL Fiduciary Rule by January 2018.
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