In the banking market, there is a real shortage of personnel, pushing salaries up – employees actively take advantage of this when they are headhunted for a double offer. “Financial Club” writes about this.
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HR managers spoke about this during the round table “Emigration, mobilization and personnel shortage in the financial market: how to solve the problem.”
“There is a shortage of certain specialists. And if a company needs them, and there are few of them, then employees can even receive cross-offers for double salaries. There is a high level of demand for certain employees. And whoever can, will take them,” says Elena Skiba, Director of the HR Department at Kredobank.
As an example, she noted that most banks are now “hunting” for IT analysts.
“The grading system does not work and we are engaged in the outbidding of key employees. This is a problem for banks now. We have a certain category of employees who receive “X” salary, and their cost on the market is “X”. But if a certain bank needs this particular specialist, these particular skills, the offer comes in twice as much. This is how an artificial increase in the employee on the market is generated,” said Elena Velikaya, HR Director of Sens Bank.
Kristina Feher, HR Director of OTP Bank, also talks about this problem. “There are situations when a person is headhunted to another company on a multiplier of “2”, but there is another situation when we are forced to take an employee with a multiplier of “2”, and a financial imbalance arises within the department, your payment system breaks down. Because newcomers want a higher salary,” noted Kristina Feher.
That is why vacancies are not filled for a long time. “Our period of filling vacancies has increased by 48% since the beginning of the war. This is due to a personnel shortage and the fact that there are no people on the market who are interesting to us,” she explained.
- Banks
