Research

Banking & finance report

Prioritising demands in the new world of work

October 11, 2022

Contributors:

Nathan Sri

The banking and finance industry is evolving in a new world of work, one which will bring various unknowns and challenges.

Businesses are facing one the most competitive labour markets in several decades as competition for talent intensifies. With more and more firms looking to hire skilled talent to further adapt in a digital world, additional cost pressures begin to pose a challenge in an environment where inflation is running at its highest level in 40 years.

Additionally, growing employee expectations have seen companies begin to test new workplace strategies. Work has evolved and the built environment in which work happens must evolve with it. Traditional office users across all industries will be working through what’s best for them for the next several years, with trial and error to be expected.

Key themes in this report:

Balancing talent and costs will be the industry’s primary challenge in 2023
Workplace strategies to win the return to offices will not be one-size-fits-all
Sustainability regulation will add another level of complexity

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