There is a deep shortage of qualified professionals in the cybersecurity field, and so the competition for employees is fierce.
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 …
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.