Personnel recruitment: Banks also have to "hunt"

Is the banking industry still "hot"?

In the years after 2006, with the fact that Vietnam joined the WTO, the finance-banking field really blossomed. Especially boomed in the years 2007-2009, at that time, becoming a bank employee was the dream of many people.

Remember, at that time, people whispered and whispered when Tet came, bank employees were rewarded with hundreds of millions. At that time, banking really became the hottest career trend in the market. However, from 2011 onwards, information about the saturation of human resources in the financial and banking industry made many people not dare to pursue their passion.

Every year, students from universities and colleges graduate with an increasing number, including the banking industry. Supply exceeds demand, so banks are forced to be selective. Recruiting personnel in this industry also becomes more difficult. In terms of qualifications, in the recruitment requirements section, some banks give priority, even some units specify that they only accept applications from good students. Have a good degree or higher in specialized fields at the top economic schools.

Especially when the banking system began to show weaknesses, many banks had to be forced to restructure, had to participate in mergers and acquisitions, then healthy banks also carried out a comprehensive restructuring, leading to the Screening the personnel apparatus is inevitable.

When banks turn to "headhunting"

The recovery of the financial and banking sector in the last two years has led to the problem of recruiting high-quality personnel. Nowadays, education level and qualifications are not enough to decide in the recruitment of many businesses and employers. Employers also base on personal factors such as skills, acumen in job handling and communication. Therefore, students need to expand not only their knowledge of banking but also need to equip them with soft skills.

The current structure of banking personnel leads to the common development orientation of all banks, which is to promote the development of retail banking services, develop experts in key fields, and information technology. , risk management, appraisal and enhancement of modern banking products. These will be the industries that will need to recruit personnel in the near future.

But unlike the "fever" in number in recent years, the labor market in the banking industry is increasingly difficult and demanding. This is also a situation of both excess and shortage in the financial and banking industry. Many students graduate every year, but the quality is not enough to meet the requirements, so they are not recruited; and banks are always in a state of "thirst" for human resources with solid professional knowledge, practical capacity as well as ethics, social responsibility and professional manner.

Nguyen Van Thang, Chairman of VietinBank's Board of Directors, said that in the near future, when a common market is formed, banks in the region are entitled to provide banking products and services to customers across borders, which is an opportunity to Foreign banks' deeper involvement, more presence in Vietnam, the level of competition and especially the issue of recruiting high-quality personnel make banks to study carefully. Currently, Vietnamese banks have to compete to attract talent with foreign banks in Vietnam very hard, so coming this will be a huge challenge for domestic banks.

The labor market of the banking industry is still an attractive destination for employees in the coming time because the demand for recruitment increases while the financial, banking and insurance sectors are still considered to be attractive. highest average salary. However, candidates must have more knowledge and skills to meet the general requirements of the banking industry today.