The expectations of and demands on human resources (HR) professionals within financial services have changed significantly in the past decade, and the pace of that change continues to accelerate. HR teams are being asked to develop new skill sets as their field shifts toward the use of analytics and data at every step of workforce management. The increased footprint of fintech companies and challenge of digital transformation for more traditional firms is compounded for HR professionals, as the acceptance of new technology is guided by shifting governance, risk management and compliance (GRC) requirements.
These rapidly changing regulation and compliance requirements must be addressed in a fashion that does not hinder growth. Unfortunately, the financial sector is sometimes viewed as more traditional, and less likely to adopt new “cutting-edge” technology. This perception presents a challenge for recruiters and HR teams tasked with attracting top-performing talent who want technologically advanced work environments and the ability to work wherever, whenever.
To explore how working within a regulated industry affected their use of emerging technology, Oracle surveyed over 450 professionals within financial services about their adoption and usage of advanced analytics. This self-reported survey measured the ways these emerging technologies were being used, how they impacted the relationship between HR and finance, and where teams identified room for growth.
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