Umbrella company contractors working in the financial services sector could very well benefit from UK businesses’ fears of losing employees to the baby boomer generation.
According to findings from Robert Half Management Resources, more than two thirds (69%) of employers are concerned about the baby boomer generation – employees born between 1946 and 1964 – leaving their workforce over the next two years.
Of the 200 CFOs/FDs from companies across the UK surveyed, 22% said they are ‘very concerned’ about experienced professionals leaving the workforce, while 47% are ‘somewhat concerned’.
Robert Half has said that interim management and consulting may prove to be the solution to keep these professionals on board. This might also create opportunities for other highly skilled financial services contractors.
Julian McLaren, a Vice President with Robert Half Management Resources said, “Most of those professionals we work with who are considering a career in interim management are looking to apply the skills and experience they’ve gleaned throughout their careers to progressive, forward looking organisations. Companies hoping to capitalise on growth initiatives are well advised to leverage the deep expertise that these professionals offer, often providing the legacy of knowledge transfer and upskilling to permanent employees long after the engagement has ended."
Julian added, “Finance leaders benefit from the cost-effective access to skills offered by interims. By continuing to capitalise on the readily available and highly trained interim market, businesses can adjust more easily and quickly to workload variations. They can scale their workforce up and down according to demand, plug short-term gaps in the senior management team where applicable and ensure they have the right people leading key projects.”
Lisa Keeble is the Managing Director for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual.
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