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2024 Hiring trends in banking & financial services

2024 promises another period of transformation and challenges for the banking and insurance world in Belgium. According to Stephen Fournier, senior consultant at international recruitment firm Robert Walters, the evolution of the financial market and the integration of ESG standards will further drive demand for financial professionals with sector-specific technical skills. Finding proactive and resilient talent with strong interpersonal skills remains a priority for organizations.  

Top 3 in-demand banking & financial services professionals in 2024:  

  1. Compliance & Risk Management Specialist  

  2. Accounting & Finance Specialist 

  3. Business Developer/Project Manager  

Top 3 sought-after skills among banking & financial services professionals in 2024: 

  1. Proactivity 

  2. Resilience  

  3. Interpersonal skills 

 What banking & financial services professionals in 2024 value most in their employer:

  1. Inspiring company culture and colleagues 

  2. Competitive salary and interesting fringe benefits 

  3. Challenging and interesting work 

2024 salary trends within banking & financial services: 

Robert Walters' annual salary survey shows that half of employees surveyed expect a pay increase of 6% or more. 50% of employers plan to give their staff both a pay rise and a bonus in 2024.  

Labour market on the move  

Considering that professionals in the sector stay in their jobs for an average of 2.9 years and many have not taken up a new challenge since the corona pandemic, Stephen Fournier warns of emerging labor market dynamics. He stresses that organizations should invest in motivating current employees and defining individual growth paths and training opportunities.   

When attracting new talent, he advises employers to look not only at sector experience, but also at transferable skills, growth potential and personality.

 

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Stephen Fournier

Senior Consultant | Brussels Financial Services

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