2014 Trends in Africa Financial Recruitment

February 2014 marks the finish of our financial year- a good time to look back at the recruitment trends in the banking and finance sectors, across Africa. In closing the year off, knowing the total pic of the before year, it helps to plan the year ahead and to improve on inadequate decision-making.

Recruitment trends for the period February 2013 - February 2014

Certainly not all strong skill is on the market

Many candidates, whom tend to be ideal for our clients' positions in Banking & Finance in Africa, tend to be happy at their current company. Management treats them well, they have job satisfaction and thus tend to be certainly not searching to move… except if "for the right chance."

Because Africa exposure is a talent which many candidates tend to be vying for, this is usually the thing that gets the candidate interested; the salary increase also helps, of course. Most of our clients are happy to pay for the right prospect, that is something that many companies are unable to budget for.

Africa Recruitment trends in the Banking as well as Financial sectors show a shift in our clients' demands, requesting our headhunting services (more so than general recruitment). Companies realize that employing the cheaper option is certainly not always good for long term company sustainability. You headhunt from our clients' direct competitors, which offer that edge that will make them a leader in their respective sectors.

The perfect prospect for a role is definitely not always on the market- you need to make it value their while to make a move, especially in the Africa recruitment marketplace.

Strong talent has options

Once the best prospect whom is active available, is identified, you often find that there are over one business vying following this candidate. Recruitment trends in Africa, in the Banking & finance sectors, show that candidates work with more than one recruitment fast to find new opportunities for them. Because some companies have panel interviews (where you have to co-ordinate diaries); the process gets delayed, so candidates will frequently have 2nd as well as third interview at multiple business.

Responsive social media presence

With the outbreak of social media, recruitment trends in the Banking & finance sector in Africa, have revealed it has become increasingly important for us (CA Banking, Insurance, Finance & Legal Division) to build on and maintain a responsive social media presence. Responsive because it is no longer important to just have a static site - engaging with candidates as well as clients alike, in real time, offers a service that ensures our human aspect.

Furthermore, our clients in Africa have social media strategies, that, if you are to service properly, should be able to meet their social media requirements.

CA Banking Africa, Insurance, Finance & Legal Divisions' social media scope:

CA Banking Africa, Insurance, Finance & Legal Division Facebook page for clients

CA Banking Africa, Insurance, Finance & Legal Division Facebook page for candidates

CA Banking Africa, Insurance, Finance & Legal Division Blog Total, for the period February 2013 to February 2014; recruitment trends for CA Banking, Insurance, Finance & Legal Division, show that hiring activity in Banking & Finance in Africa, experienced a steady growth, very towards the end of 2013. CA Banking, Insurance, Finance & Legal Division has been building its brand and steadily, our reputation is achieving Africa as per our customer service and headhunting strategy goals. Our clients work in all sectors over Africa and request a whole range of services, ranging from Executives search and headhunting, payroll to Recruitment Process Outsourcing (RPO).

If you would like us to assist you with building your team of professionals within Africa, have a look at the recruitment services in Africa we offer and we can tailor a package that is suitable to your company.

Thank you for reading. Connect with me on LinkedIn, Facebook and Twitter. Also share your views on the articles I publish at CA Global Banking, Insurance, Finance & Legal blog. It is lovely to engage with industry experts on a range of topics covered within these sectors. Fowzia Finance Headhunter & Recruitment Associate Fowzia[at]caglobalint[dot]com The CA Global Banking, Insurance, Legal & Finance division is a division of the CA Global Group