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Financial Services Recruitment Applicant Tracking System

Recruitment in the Financial Services sector is fast paced and can be challenging. With candidate scarcity issues and 42% of companies expecting an increase in hiring this year, knowing the channels and sources that are helping to fill roles and managing the candidate experience will help to succeed in attracting the right quantity and quality of candidates.   

That's why an Applicant Tracking System, awarded with the Hellios Stage 2 Financial Services Supplier Qualification, is designed to help you recruit for all of your recruiment needs, bringing hiring success to Banks, Building Societies, Insurance companies and other financial services businesses.

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Leading Banks, Building Societies and Insurance firms conquer Talent Acquisition with Eploy

Leading Banks, Building Societies and Insurance firms conquer Talent Acquisition with Eploy

Maintaining Compliance in Financial Recruitment

Comprehensive Compliance Tools for Financial Sector Recruitment

  • Data Retention Policies ► Manage candidate data in compliance with regulations
  • Multi-factor Authentication ► Enhance data security and access control
  • Audit Trail ► Maintain transparency and accountability in recruitment
  • Data Anonymisation ► Protect candidate privacy during hiring processes
  • Compliance Document Management ► Organise and access compliance documents efficiently

Eploy ensures compliance in financial recruitment, adhering to strict industry regulations for a secure and trustworthy recruitment process.

Maintaining Compliance in Financial Recruitment
Enhancing Candidate Experience in Financial Services

Enhancing Candidate Experience in Financial Services

Creating Long-Term Recruitment Success

  • Recruitment CRM ► Foster ongoing relationships with potential candidates
  • Talent Pools & Skills Library ► Access a pool of pre-qualified candidates
  • Intelligent Job Alerts ► Keep candidates informed about relevant opportunities
  • Email & SMS Marketing ► Maintain regular communication with potential hires
  • Feedback Surveys ► Gather candidate feedback to improve processes

With Eploy, financial services firms can cultivate a robust talent pool, ensuring a steady supply of skilled professionals for diverse roles.

Attracting Top Talent in a Competitive Financial Market

Enhance Recruitment with Eploy’s Advanced Talent Attraction Tools

  • Job Posting and Distribution ► Expand reach to target top financial talent
  • Rich Media Job Pages ► Create engaging, visually appealing job listings
  • Employee Referral Programmes ► Leverage existing networks for quality referrals
  • Social Media Integration ► Utilize social platforms for wider reach
  • AdStore - AI-powered advertising ► Enhance visibility with AI-driven ads

Eploy’s suite of tools positions your financial firm to attract the best talent, enhancing your recruitment outreach and increasing applicant quality.

Attracting Top Talent in a Competitive Financial Market
Engaging and Nurturing Graduate Talent

Engaging and Nurturing Graduate Talent

Building the Future of Financial Services with Graduate Recruitment

  • Talent Pools & Skills Library ► Develop a resource of emerging financial professionals
  • Recruitment CRM ► Manage candidate relationships effectively for long-term engagement
  • Email & SMS Marketing ► Keep graduates engaged with targeted communication
  • Social Media Integration ► Attract younger demographics through social channels

Eploy aids financial institutions in attracting and nurturing graduates, ensuring a pipeline of talented professionals aligned with your future needs.

Streamlining Onboarding in Financial Services

Effortless Integration of New Staff into Financial Teams

  • Customisable Onboarding Processes ► Tailor onboarding experiences to fit diverse roles
  • Electronic Signatures ► Streamline document signing for a faster start
  • Compliance Documents ► Ensure new hires meet all regulatory standards
  • Self-service Candidate Portal ► Empower new hires with direct onboarding management
  • Secure Data Collection ► Safeguard sensitive employee information

Eploy transforms the onboarding process in financial services, ensuring new staff are integrated smoothly and swiftly into your team.

Streamlining Onboarding in Financial Services
What channels do financial services recruiters use for sourcing candidates?

What channels do financial services recruiters use for sourcing candidates?

Financial Services companies rely heavily on their Website (90%) and Professional Social Networks (90%) like LinkedIn for finding candidates for their open positions. There is also widespread use of Employee Referrals Networks (83%) to find candidates. 

There is a reliance of in-house recruitment teams within the Banking and Finance sector turning to Agencies for help in filling their jobs (67%). Costs associated with this approach can have a major impact on a company's cost of hire and may not always be the most effective use of spend. Financial applicant tracking systems offer a solution more affordable in the long run also giving hiring organisations more control over their management of applicants.

Source: 2023 UK Candidate Attraction Survey

Which sourcing channels work best in financial services?

When looking at how Financial Service sector recruiters are succeeding with talent attraction the Sourcing Quadrant provides an easy-to-understand picture. The Website/Careers site is the top channel by usage and delivers satisfactorily on quantity, less so with quality of candidates. A careers site design and content should provide a stellar experience through every step of the recruitment journey for the best candidate engagement.   

Other channels, like using a Talent CRM as a pro-active sourcing tool to attract and nurture great candidates is delivering a decent quality of candidates. Those in the bottom half of the quadrant are less successful, with social media and CV databases underperforming. 

Source: 2023 UK Candidate Attraction Report

 

Which sourcing channels work best in financial services?
How will levels of hiring in the financial services sector change in next 12 months?

How will levels of hiring in the financial services sector change in next 12 months?

In the Financial Services sector 42% of in-house recruiters expect an increase in hiring for the coming year (down from 78% last year), with 43% anticipating no change. When you compare that against how recruitment budgets will align, the report shares that 25% of recruiters suggest an increase in budgets, but 33% see no change and 42% report a decrease in budgets!

With the need to effectively source candidates it's important to have simple, streamlined tools that allow all involved in the recruitment process to have visibility of the recruitment journey when on the go. With Eploy, as well as getting an award winning Applicant Tracking System engineered to work on every platform, you get a dedicated hiring manager portal that's simple and easy to use, a dedicated candidate portal and complete insight into your recruitment with built-in dashboards allowing for eclectic control over your business’ recruitment strategies.

Financial Services sector hiring challenges

Recruiters in the Financial Services sector face similar challenges to other sectors with scarcity of qualified candidates and lack of brand awareness as the top two named challenges. Interestingly, those who have an active metrics and analytics programme in place report a greater quality of candidates they attract so this is worth bearing in mind when looking to address sourcing challenges.

With access to a Financial Services Applicant Tracking System from Eploy you get complete recruitment analytics built in. You can create customisable dashboards that measure and monitor, in real-time, every aspect of your hiring process - even compliance.
Financial Services sector hiring challenges
Award-winning Online Candidate Experience

Award-winning Online Candidate Experience

Financial Service organisations know why delivering a great customer experience is vital to their business - whether it's in-store or online. And it's no different with their recruitment - quite often your customers are your potential candidates too!

At Eploy we've helped many organisations provide an optimum experience for their online applicants, and with Eploy's Award Winning Candidate Portal (OnRec 2022 Award - Best Candidate Experience) you'll be off to a flying start.

Eploy is not just a recruitment management system - your candidate journey can be seamlessly integrated into your website, or dedicated careers site or with other recruitment technology. If you are looking to multi-post jobs through providers such as top financial jobs, city jobs or other financial service job boards - you can do that directly within your Eploy financial application tracking system

Download the Eploy brochure and discover faster, smarter recruitment management software.

Take the first step towards Talent Acquisition transformation with Eploy today...

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