The banking and financial organizations struggle with numerous internal and external pressures including workforce management, cost analysis, customer demands, government regulations, and more. Due to the changing business landscape, the BFSI industry is witnessing a lot of challenges. As per a study by SHRM, employee motivation has also reduced by 32% due to the change and uncertainty in this industry.
It is necessary for banks and finance companies to boost their workforce productivity, nurture future leaders, and increase company profits by investing in talent management strategies. Explore the top talent management practices in 2023 that are pivotal for business growth and can help your organization attain a competitive edge.