Taggd calls on financial community to ensure commitment to fostering innovation
An industry report has suggested that the Banking, Financial Services, and Insurance (BFSI) sector in India focus on technological advancement, talent acquisition and diversity initiatives for BFSI sector’s success.
As a way forward, the report by Taggd has urgedn BFSI to ensure commitment to fostering innovation and inclusivity supported by government initiatives and partnerships.
Taggd’s India Decoding Jobs report has noted that the BFSI sector is gearing up for a year of dynamic transformation, driven by robust technological advancements, talent acquisition strategies, and a steadfast commitment to diversity and inclusion.
Building upon the remarkable growth witnessed in 2023, where the Indian banking industry recorded a staggering 31.57% year-on-year growth, the sector is primed to sustain its momentum into 2024.
The report highlights key drivers propelling this growth trajectory and outlines strategic imperatives shaping the industry landscape.
Technological Innovation and Digital Transformation:
a) BFSI sector leading India’s digital revolution with AI, ML, blockchain, and cybersecurity.
b) Notable shift to digital transactions and rise of FinTech driving inclusive growth and expanding banking access.
Talent Acquisition and Diversity Initiatives:
a) BFSI intensifying efforts to attract skilled talent, emphasizing diversity and inclusion.
b) Increased demand for digital experts, gender diversity programs, and people analytics shaping HR practices.
Hiring Intent and Workforce Dynamics:
a) Anticipated 28% growth in BFSI hiring for 2024, focusing on fresh talent and tech-savvy professionals.
b) Efforts to enhance gender diversity and recruit talent from diverse locations, with metros as key hubs.
Taggd, India’s Digital Recruiting firm, is revolutionizing talent acquisition with its industry leading solutions. Fiinews.com
