Banking sector 'facing health crisis'
The financial services industry can be an extremely rewarding one, with the potential for ambitious workers to make a great deal of money and enjoy challenging, engaging careers.
However, it can also be stressful, especially in the current economic climate when a great deal of scrutiny is being placed on banks and other financial institutions.
A new report entitled Banking: The Human Crisis, a survey of finance workers in 26 countries, has analysed the effects of job losses and working conditions on bank workers since 2011.
Carried out by Swiss-based banking organisation UNI Finance, the global union for the finance sector, the research suggested some 80 per cent of organisations feel deteriorating health has been a problem for their workers over the last two years.
Marcio Monzane, head of the company, said: "The pressure on staff to deliver with tighter human resources is immense and it is being reflected in the deteriorating health and lifestyle of bank workers worldwide."
However, good companies can put the right support network in place to ensure their staff are well looked after.
With many financial institutions investing an increased amount in their HR department, there are plenty of organisations that ensure workers do not get too stressed despite the pressure everyone is under in their working life.
Giving staff targets they will be unable to reach is warned against in the UNI report, as this can reduce morale, while managers should keep track of their team's progress and maintain strong lines of communication with junior workers.
This follows a report from management consultancy Head Heart + Brain which criticised standards of leadership in the financial services sector.
"Neuroscience tells us leaders must follow several golden rules if they are to get the best out of their staff. Crucially, they must help employees understand why organisational change is good for them," said business partner Jan Hills.
Signup to receive the latest discipline specific articles
Related jobs
Salary:
£100,000 - £120,000 per annum + bonus and benefits
Location:
Guildford, Surrey
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£100,000 - £125,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with a rapidly growing PE-backed buy-and-build B2B business
Reference
TA3407
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Equity, Bonus and Benefits
Location:
London
Industry
Healthcare
Qualification
Fully qualified
Market
Executive Search
Salary
£125,000 - £175,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is partnering with a dynamic, PE-backed Multisite Healthcare Services business to recruit a CFO.
Reference
TA3406
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£130,000 - £150,000 per annum + Equity, Bonus and Benefits
Location:
East Midlands
Industry
Private Equity
Qualification
Fully qualified
Market
Executive Search
Salary
£125,000 - £175,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is partnering with a dynamic, PE-backed multisite hospitality business to identify a high-calibre Finance Director
Reference
TA 3404
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Up to £25,000 per annum
Location:
Chesterfield, Derbyshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£25,000 - £30,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
Marks Sattin are currently recruiting a Finance Administrator for a 6 month fixed term contract, based in Chesterfield.
Reference
BBBH183066
Expiry Date
01/01/01
Author
Yasmin CloughAuthor
Yasmin CloughSalary:
£65,000 - £73,000 per annum
Location:
Wilmslow, Cheshire
Industry
Property and Infrastructure
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Head of Finance role for a fast-growing property organisation based in Manchester city centre offering hybrid working and paying up to £73,000.
Reference
BBBH183149
Expiry Date
01/01/01
Author
Nathan JonesAuthor
Nathan JonesSalary:
Negotiable
Location:
West London, London
Industry
Transport & Logistics
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£100,000 - £125,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
I am working exclusively with a global, logistics business based in West London who are currently seeking a Finance Director to join the team.
Reference
BBBH183498
Expiry Date
01/01/01
Author
Hannah SpearsAuthor
Hannah SpearsSalary:
£27,000 - £28,000 per annum
Location:
Chester, Cheshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£25,000 - £30,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Accounts Assistant
Reference
BBBH183497
Expiry Date
01/01/01
Author
Glenn FyfeAuthor
Glenn FyfeSalary:
£55,000 - £65,000 per annum + hybrid working
Location:
Cheshire
Industry
Investment Management
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Our client - an exciting professional services business in Cheshire are seeking a experienced Finance Manager to focus on business partnering/FP&A.
Reference
BBBH182912
Expiry Date
01/01/01
Author
Laura HalloranAuthor
Laura HalloranSalary:
Up to £27,000 per annum
Location:
Sowerby Bridge, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£25,000 - £30,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
Marks Sattin are currently recruiting an experience Credit Controller on a interim basis until the end of April 2025.
Reference
BBBH183479
Expiry Date
01/01/01
Author
Yasmin CloughAuthor
Yasmin CloughSalary:
£60,000 - £75,000 per annum + + pension & benefits
Location:
London
Industry
Investment Banking & Capital Markets
Qualification
Fully qualified
Market
Financial Services
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
FP&A & Regulatory Accountant (6-Month Contract) - Banking - £65,000-£75,000 + benefits
Reference
BBBH183051
Expiry Date
01/01/01
Author
Paul RocheAuthor
Paul Roche