09 Aug, 2012

Finance Professionals

Long hours, market uncertainty, fear of redundancy and ongoing hounding by the popular press, seem to have taken their toll on finance professionals¹ psyche. A recent poll from eFinancialCareers* reveals that nearly 7 in ten (68{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}) finance professionals don¹t love their job. However, when asked what would become of them if they were not working in financial services, the respondents were split nearly 50-50: for a slight majority (53{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}), life would be better.

Do you love your job?
Yes 32{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}
No 68{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}
If you were not doing your joband were not working in financial services, what do you think would become of you?
My life would be better 53{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}
My life would be worse 48{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}

Please note totals may not equal 100 due to rounding.
Source: eFinancialCareers online poll, as of Aug 6th 2012

³The results set alarm bells ringing over employee engagement, ³comments James Bennett, Global Managing Director of eFinancialCareers. ³The issue is not about finding out where the love has gone or when the spark died, but about restoring employees¹ engagement,² he continues.

There is a strong correlation between engagement and retention. The less engaged employees are, the less likely they are to stay within an organization. Companies, where engagement is low, therefore are likely to face talent drain as soon as better times return. Uncertainty is difficult for any business, but improving employee engagement is key to success. Focusing on individual professional development and recognition for hard work will support future organisational growth.

Credit: onrec.com

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