banks are turning workforce challenges into new opportunities

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Workforce of the Future:Dealing with Business Change and

the Millennial Challenge

Are investment banks ready to

attract, retain

rewarda new generation of talent

?Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

and


Today, 60—65% of employees are older than 40,

with millennials accounting for a majority of the remainder.

In three to five years, those percentages will flip.

Passing the knowledge that is walking out the door

to younger workers will be essential.

Plus, banks are increasingly using external workforces

with valuable—but not critical—skill sets.

This raises new questions around managing extended

workforces—through intermediaries or digital toolsets—

along with investment levels, if any, in career development

to execute changes in products or culture for future success.


Major roles are also evolving.

New IT roles will emerge in service integration, and

cloud and client relationship management—roles

where softer skills will be key.


The traders of tomorrow will supervise largely automated trading activity,

overseeing asset liability management and maintaining client relationships.


All these critical issues mean talent management must evolve from an

administrative function to a true partner of the business equipped to:

Attract and retain workers, particularly

millennials, who seek a career network

rather than a career ladder




Establish a roadmap of required skill sets

that is flexible and transparent




Answer extended workforce questions on

career development as talent management

moves to coordination, not ownership, of

talent development




Use human capital analytics to effectively

manage employees, optimize return, and

identify future investments

LEARN MOREabout how banks are turning workforce challenges

into new opportunities with our full report:


Workforce of the Future:Dealing with Business Change and

the Millennial Challenge

https://www.accenture.com/us-en/insight-workforce-future-deal-business-millennial-challenge?c=strat_stratsmcss_10000031&n=smc_0316



banks are turning workforce challenges into new opportunities

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