More than two-fifths of people outside the financial sector (41%) stated that they wouldn’t want to become involved in that type of employment because the industry “sounds boring”.
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Other highlights from KPMG’s research included:
- people working in finance were happier than average — 87% of bank, insurance or asset management employees claimed that they liked their job, compared with 82% of workers in other sectors
- those aged between 25 and 34 working in finance were the happiest employees in the UK — 90% stated that they enjoyed their job
- some 58% of 25- to 34-year-olds working outside the sector said that they would not consider financial services for their next career move
- some 16% of 25- to 34-year-olds said that they would not consider financial services because they had no contacts in the sector
“There’s clearly a gap between what the public think, and the realities of working in financial services,” said Tim Howarth, head of FS consulting at KPMG.
“Technology and customer engagement is a priority for most of my clients right now, so people working in retail, leisure or IT could have a huge amount to offer.
“But, the sector has an image problem that’s putting off that talent.”
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