The Kelly Skills at Work 2010 study uncovered a serious skills shortage in the Banking and Finance Sector in the Asia Pacific region.
The five skills most in demand are also those considered most critical for mid to senior level managers across all industries.
Of all organisations surveyed, 88% said the shortage of staff with the right skills had a negative impact on their ability to serve clients.
As the FOFA reforms come into play for those readers giving financial advice, we will begin to see the real impact of this skill shortfall in terms of client attraction and retention.
If you’re an employer, you will find it increasingly difficult to identify and hire people with these critical skills.
The top 5 critical skills in shortage are:
1. Communication including the critical abilities to
2. Problem solving and decision making required for
3. Strategic thinking to
4. People Management with the ability to
5. Technical skills
What has been your experience? Have you suffered a skills shortage crisis? Have you found effective ways of dealing with the skills shortage? What are your plans for the future? Please share your thoughts below.
Susan Rochester has been managing director of Balance at Work since 2006. Susan has a natural tendency to balance analytical thinking with an optimistic outlook to set direction and solve problems. She is an effective facilitator and constantly creates new and more effective ways of doing things, motivated by helping others to achieve their goals.