ARTICLE
2 December 2022

Recruiting In 2023?

FM
Finance Malta

Contributor

Finance Malta is a non-profit public-private initiative set up to promote Malta as an international financial centre, both within, as well as outside Malta. It brings together, and harnesses, the resources of the industry and government, to ensure Malta maintains a modern and effective legal, regulatory, and fiscal framework in which the financial services sector can continue to grow and prosper. The Board of Governors, together with the founding associations: The Malta Funds Asset Servicing Association, the Malta Bankers Association, the Malta Insurance Association, the Association of Insurance Brokers, the Malta Insurance Managers Association, the Institute of Financial Services Practitioners; its members and staff are all committed to promote Malta as an innovative international.
2023 is not going to change much, on the contrary, given the overall sentiment of the economy at a Global scale, you will find that talent will be increasingly "cautious"...
Malta Law Practice Management
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2022 has been a challenging year for most employers – competing against other firms, and sectors, coupled with a general shortage of talent, particularly in areas such as finance, legal, compliance, and information security, to name but a few.

2023 is not going to change much, on the contrary, given the overall sentiment of the economy at a Global scale, you will find that talent will be increasingly "cautious" in moving jobs and employers, and they will eerr on the side of stability.

If you are planning to recruit in 2023, here are a few key ideas you can implement, to enhance your proposition as an employer:

  1. Stability

Not to sound too prophetic, but, stability, will be the key trend going into 2023.

As an employer, the more you demonstrate sound fiscal responsibility and planning, the better your chances will be in attracting talent.

Professionals want to know, now more than ever, that when making a move, their job won't disappear within 3 months.

During the interview, make it a point to share with the professionals, at the appropriate detail level, naturally, your planning strategies, investments, and commitment.

  1. Flexibility and Trust

Remote / hybrid / in office, whatever works and is most appropriate, but you must not lose sight, as an employer, that the underlying motivation is flexibility and trust.

During the interview, highlight the approach your business takes, and the management style and incorporate frequent feedback loops to tackle problems early on.

  1. Sound Corporate Governance Structures

Whether you are a regulated entity or not, sound corporate governance structure and principles will play a key role in your employer proposition.

Professionals want to ensure that they will be part of a business that is run in a way that transcends legal compliance and they will look at ethics, integrity, and overall market reputation.

During the interview, highlight your soft values, achievements, implementation, and overall direction that the business wants to be known for.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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