Labor shortage hits banking sector
Financial institutions are among the sectors being affected by the continuing shortage of skilled labor in Hungary. This is particularly true for IT, consultancy and sales specialists, according to a report by economic daily Világgazdaság.
There is growing competition among banks to attract IT developers, data management specialists and call center operators, László Bek-Balla, HR director of Erste Bank, told the daily. The problems are also echoed by K&H Bank, which, despite being an attractive brand on the market, is struggling to fill IT specialist positions, while finding it hard to recruit controlling, credit and private banking consultants.
Information technology is similarly the most critical area for CIB Bank in terms of labor shortages, the report notes. Recruiting salespeople, financial analysts and risk management specialists is also a challenge for CIB Bank, in areas that are expanding.
Besides looking for new means to hire specialists, banks are paying special attention to keeping employee satisfaction high. Apart from bonuses and allowances, they are focusing on building community within the company.
Before the financial crisis, the Hungarian banking sector employed about 44,000 people. Last year this figure had fallen to about 38,000, Világgazdaság notes.
ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan
Hungary to Address Future of Cohesion Policy During EU Presi...
2/3 of Hungarians Have Basic Expectation of Home Office
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
