Consultancy Specialists Unveil Game-Changing EVP Hiring Trend in Fintech

“Is your EVP strategy attracting the talent you need in today’s competitive fintech market?”

The financial technology sector, or fintech, is undergoing a transformative phase, especially when it comes to recruitment strategies for senior roles such as Senior Vice Presidents (SVPs). A key element in this transformation is the Employee Value Proposition (EVP), which has evolved to become a game-changer in attracting and retaining top talent. Consultancy specialists, like Izabelle Kesrewani of Warner Scott, have been instrumental in redefining the talent acquisition process by leveraging EVPs that resonate with the aspirations and values of potential candidates (Warner Scott).

The fintech industry has seen remarkable growth, with its market valuation increasing from $105 billion in 2021 to an expected $165 billion in 2023 (Market Data Forecast). This rapid expansion has led to a surge in demand for skilled professionals who can navigate the complexities of this domain. Consultancy specialists have risen to the challenge by not only identifying the right talent but also by crafting EVPs that address the specific needs and desires of these professionals.

A strong EVP is crucial in today’s job market, leading to as much as a 50% increase in qualified candidates (Warner Scott). This statistic underscores the importance of a well-constructed EVP in reaching a broader pool of talent. Consultancy specialists tailor research, provide strategic insights, and utilise data analytics to create EVPs that are not just competitive but also deeply resonate with the professionals they aim to attract and retain. This approach has proven effective in solving EVP pain points in fintech recruitment, enabling companies to unlock a hidden talent pool that might have otherwise been inaccessible.

The post-pandemic workforce has brought about a shift in what employees value in their employers. The traditional EVP, which focused on the transactional aspects of employment, is being replaced by a more human-centric approach. Employees today are looking for employers who view them as people first and workers second. They seek an exceptional life experience, not just a work experience, and value comes through feelings, not just features (Gartner). This change in perspective necessitates a reimagining of the EVP to align with these new priorities.

Consultancy specialists have been quick to adapt to these changes, guiding fintech companies in developing EVPs that emphasise a more holistic approach to employee well-being. By focusing on what truly matters to employees, these specialists are enabling companies to differentiate themselves in a crowded market, thereby attracting top-tier candidates who are looking for more than just a pay check.

In conclusion, the role of consultancy specialists in shaping the future of talent acquisition in the fintech sector cannot be overstated. Their expertise in developing compelling EVPs that address the evolving expectations of the workforce is a critical factor in the successful recruitment of senior executives. As the fintech industry continues to grow, the ability to attract and retain the best talent will be a defining characteristic of successful companies.

Are you leveraging the full potential of your EVP to attract the right talent for your organisation? Perhaps it’s time to reassess your approach and consider how a consultancy specialist could enhance your recruitment strategy.

References:

– Warner Scott. “Consultancy Specialists Redefine Financial Talent Acquisition.” 21 Aug. 2024, https://www.warnerscott.com/linkedin-game-changer-consultancy-specialists-redefine-financial-headhunting/.

– Warner Scott. “Dubai Recruitment Disruption: Consultancy Specialists Redefine Fintech Hiring.” https://www.warnerscott.com/dubai-recruitment-disruption-consultancy-specialists-redefine-fintech-hiring/.

– Warner Scott. “Consultancy Specialists Solve EVP Pain Points in Fintech Recruitment.” https://www.warnerscott.com/consultancy-specialists-solve-evp-pain-points-in-fintech-recruitment/.

– Warner Scott. “EVP Pain Point Solved: Consultancy Specialists Unlock Hidden Talent Pool.” https://www.warnerscott.com/evp-pain-point-solved-consultancy-specialists-unlock-hidden-talent-pool/.

– Gartner. “Make Way for a More Human-Centric Employee Value Proposition.” 13 May 2021, https://www.gartner.com/smarterwithgartner/make-way-for-a-more-human-centric-employee-value-proposition.

– IndigoHire. “Understanding the Fintech Recruitment Market: Challenges, Trends, and Focal Points.” https://indigohire.com/blog/understanding-the-fintech-recruitment-market-challenges-trends-and-focal-points.