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09 Feb, 2024, 18:18 IST
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NEW DELHI, Feb. 9, 2024 /PRNewswire/ — The Banking, Financial Services, and Insurance (BFSI) sector in India is gearing up for a year of dynamic transformation, driven by robust technological advancements, talent acquisition strategies, and a steadfast commitment to diversity and inclusion. Building upon the remarkable growth witnessed in 2023, where the Indian banking industry recorded a staggering 31.57% year-on-year growth, the sector is primed to sustain its momentum into 2024. As per India Decoding Jobs report by Taggd, it highlights key drivers propelling this growth trajectory and outlines strategic imperatives shaping the industry landscape.
Technological Innovation and Digital Transformation:
a) BFSI sector leading India’s digital revolution with AI, ML, blockchain, and cybersecurity.
b) Notable shift to digital transactions and rise of FinTech driving inclusive growth and expanding banking access.
Talent Acquisition and Diversity Initiatives:
a) BFSI intensifying efforts to attract skilled talent, emphasizing diversity and inclusion.
b) Increased demand for digital experts, gender diversity programs, and people analytics shaping HR practices.
Hiring Intent and Workforce Dynamics:
a) Anticipated 28% growth in BFSI hiring for 2024, focusing on fresh talent and tech-savvy professionals.
b) Efforts to enhance gender diversity and recruit talent from diverse locations, with metros as key hubs.
Way Forward:
a) Focus on technological advancement, talent acquisition, and diversity initiatives for BFSI sector’s success.
b) Commitment to fostering innovation and inclusivity supported by government initiatives and partnerships.
About Taggd
Taggd, India’s Digital Recruiting firm, is revolutionizing talent acquisition with its industry leading solutions. Taggd combines data and human knowledge to provide businesses with ready-to-hire talent. Led by CEO Devashish Sharma, Taggd has over 15 years of experience, managing the recruitment process for 100,000 positions annually. Offering comprehensive solutions across 14 sectors, including technology, engineering, and automotive, Taggd delivers tangible business gains for clients. Trusted by prominent brands like Tata Motors, Mahindra & Mahindra, HPE and many more, Taggd’s expertise in recruitment strategies, talent network access, and data intelligence has solidified its position as a leader in the industry. Recognized by global analyst firm Nelson Hall, Taggd seamlessly blends human expertise with data-driven insights, empowering businesses to make successful hires and drive growth.
Photo: https://mma.prnewswire.com/media/2337866/Banking_and_Finance_Sector.jpg
The Global In-house Centre (GIC) sector in India has witnessed unprecedented growth and transformative shifts, setting the stage for a dynamic future….
India’s automotive sector continues to soar, with the industry poised to become a global leader in the dynamic world of automobiles. Contributing a…
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Insurance
Financial Technology
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India'Central American Federation*
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China
India'Colombia
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Telephone
1800 202 6136 from 9 AM – 5:30 PM IST
Contact
1800 202 6136
from 9 AM – 5:30 PM IST
News provided by
09 Feb, 2024, 18:18 IST
Share this article
NEW DELHI, Feb. 9, 2024 /PRNewswire/ — The Banking, Financial Services, and Insurance (BFSI) sector in India is gearing up for a year of dynamic transformation, driven by robust technological advancements, talent acquisition strategies, and a steadfast commitment to diversity and inclusion. Building upon the remarkable growth witnessed in 2023, where the Indian banking industry recorded a staggering 31.57% year-on-year growth, the sector is primed to sustain its momentum into 2024. As per India Decoding Jobs report by Taggd, it highlights key drivers propelling this growth trajectory and outlines strategic imperatives shaping the industry landscape.
Technological Innovation and Digital Transformation:
a) BFSI sector leading India’s digital revolution with AI, ML, blockchain, and cybersecurity.
b) Notable shift to digital transactions and rise of FinTech driving inclusive growth and expanding banking access.
Talent Acquisition and Diversity Initiatives:
a) BFSI intensifying efforts to attract skilled talent, emphasizing diversity and inclusion.
b) Increased demand for digital experts, gender diversity programs, and people analytics shaping HR practices.
Hiring Intent and Workforce Dynamics:
a) Anticipated 28% growth in BFSI hiring for 2024, focusing on fresh talent and tech-savvy professionals.
b) Efforts to enhance gender diversity and recruit talent from diverse locations, with metros as key hubs.
Way Forward:
a) Focus on technological advancement, talent acquisition, and diversity initiatives for BFSI sector’s success.
b) Commitment to fostering innovation and inclusivity supported by government initiatives and partnerships.
About Taggd
Taggd, India’s Digital Recruiting firm, is revolutionizing talent acquisition with its industry leading solutions. Taggd combines data and human knowledge to provide businesses with ready-to-hire talent. Led by CEO Devashish Sharma, Taggd has over 15 years of experience, managing the recruitment process for 100,000 positions annually. Offering comprehensive solutions across 14 sectors, including technology, engineering, and automotive, Taggd delivers tangible business gains for clients. Trusted by prominent brands like Tata Motors, Mahindra & Mahindra, HPE and many more, Taggd’s expertise in recruitment strategies, talent network access, and data intelligence has solidified its position as a leader in the industry. Recognized by global analyst firm Nelson Hall, Taggd seamlessly blends human expertise with data-driven insights, empowering businesses to make successful hires and drive growth.
Photo: https://mma.prnewswire.com/media/2337866/Banking_and_Finance_Sector.jpg
The Global In-house Centre (GIC) sector in India has witnessed unprecedented growth and transformative shifts, setting the stage for a dynamic future….
India’s automotive sector continues to soar, with the industry poised to become a global leader in the dynamic world of automobiles. Contributing a…
Human Resource & Workforce Management
Banking & Financial Services
Insurance
Financial Technology
sourceIndia'indiaIndia'chinaIndia'usaIndia'
CanadaIndia'kuwaitIndia'Antigua and Barbuda
India'ArgentinaIndia'Armenia
India'
Australia
India'Austria
India'Austrian Empire*
Azerbaijan
India'Baden*
Bahamas, The
India'Bahrain
India'Bangladesh
India'Barbados
India'Bavaria*
India'Belarus
India'Belgium
India'Belize
India'Benin (Dahomey)
India'Bolivia
India'Bosnia and Herzegovina
India'Botswana
India'Brazil
India'Brunei
India'Brunswick and Lüneburg*
India'Bulgaria
India'Burkina Faso
India'Burma
India'Burundi
India'Cabo Verde
India'Cambodia
India'Cameroon
India'Canada
India'Cayman Islands, The
India'Central African Republic
India'Central American Federation*
India'Chad
India'Chile
India'China
China
India'Colombia
India'Comoros
India'Congo Free State, The*
India'Costa Rica
India'Cote d’Ivoire
India'Croatia
India'Cuba
India'Cyprus
India'Czechia
India'Czechoslovakia*
India'Democratic Republic of the Congo
India'Denmark
India'Djibouti
India'Dominica
India'Dominican Republic
India'Duchy of Parma, The*
India'East Germany German Democratic Republic*
India'Ecuador
India'Egypt
India'El Salvador
India'Equatorial Guinea
India'Eritrea
India'Estonia
India'Eswatini
India'Ethiopia
India'Federal Government of Germany *
India'Fiji
India'Finland
India'indiaIndia'chinaIndia'usaIndia'
CanadaIndia'kuwaitIndia'Antigua and Barbuda
India'ArgentinaIndia'Armenia
India'
Australia
India'Austria
India'Austrian Empire*
Azerbaijan
India'Baden*
Bahamas, The
India'Bahrain
India'Bangladesh
India'Barbados
India'Bavaria*
India'Belarus
India'Belgium
India'Belize
India'Benin (Dahomey)
India'Bolivia
India'Bosnia and Herzegovina
India'Botswana
India'Brazil
India'Brunei
India'Brunswick and Lüneburg*
India'Bulgaria
India'Burkina Faso (Upper Volta)
India'Burma
India'Burundi
India'Cabo Verde
India'Cambodia
India'Cameroon
India'Canada
India'Cayman Islands, The
India'Central African Republic
India'Central American Federation*
India'Chad
India'Chile
India'China
China
India'Colombia
India'Comoros
India'Congo Free State, The*
India'Costa Rica
India'Cote d’Ivoire
India'Croatia
India'Cuba
India'Cyprus
India'Czechia
India'Czechoslovakia*
India'Democratic Republic of the Congo
India'Denmark
India'Djibouti
India'Dominica
India'Dominican Republic
India'Duchy of Parma, The*
India'East Germany
India'Ecuador
India'Egypt
India'El Salvador
India'Equatorial Guinea
India'Eritrea
India'Estonia
India'Eswatini
India'Ethiopia
India'Federal Government of Germany *
India'Fiji
India'Finland