The financial services sector encompasses a broad range of businesses that manage money, including banks, credit unions, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.
There are 35,178 financial and insurance service organisations employing 58,400 New Zealanders. So how does the sector recruit and retain top talent, yet fulfil the demand for the continuously widening skills gap?
This fact sheet takes a look at the industry challenges in the financial services sector, such as:
- Skills shortages and gaps
- Attracting and retaining top
and which ELMO solutions can help address these challenges.