Most investment firms are looking forward to improving their recruitment processes especially because they need specialized talents for efficiency. However, achieving this goal is not without several challenges. In fact, during a survey with CEOs offering financial services across the world, very few were confident about their ability to secure the right skillsets for their companies. The good thing is that if an investment management firm can overcome these challenges, then it will rise above its competitors. One of the main recruiting challenges faced by these firms is the existence of disruptive technologies.
Disruptive technologies tend to frustrate talent recruitment efforts and potentially reduce the effectiveness of the whole process. This challenge represents some fronts, and the first front is that investment management firms must overcome their current status if they want to continue using vintage technologies and legacies. This is one of the industries that lags behind whenever there are new technologies, but the fact is that they cannot ignore the innovative and disruptive technology altogether. The second front is that financial services and investment management firms use processes that are not in line with human resource professionals in the industry. They tend to be stuck on the same recruitment strategies over the years, yet things are changing out there in the world especially in technology advancements.
It is high these firms realize that old and obsolete solutions cannot solve new problems in the industry. They should instead embrace and take advantage of the disruptive technology rather than seeing it as a threat, and by doing this, it will become easier to solve new investment management recruiting challenges. Understanding the need to employ and overcome disruptive technologies is the only way that these firms will beat the challenge brought by its existence. They can also work with recruitment firms as partners if they do not know how to apply the new and disruptive technologies. However, there are only a few recruiting experts who fundamentally use these disruptive technologies in their operations and thus must carry out an extensive search to find one.
GoBuyside is one of the few recruiting firms that has mastered the ways to take advantage of disruptive technologies rather than remaining stuck in the traditional skillset search. They have been providing recruitment services when it comes to investment management specialists, and their strategies have been successful for all parties as demonstrated by their clients’ testimonials.
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