Financial Services Highlights

Few Segments have Weathered Change Like Financial Services

From the digitization and non-traditional competition, to regulatory changes and market headwinds, leaders in financial services have to balance the need to compete today with the need to transform to meet the talent and competitive realities of tomorrow.

Throughout 2022, Right Management supported financial services leaders in evaluating current and future readiness of their teams, fostered the growth of key leaders, and assisted the transition of those who were not part of the organization’s future plans.

Hear from Our Financial Candidates

A Big Difference Was Made in their Lives...

“Losing my job felt a bit like losing my identity. I lost my routine, my community of work colleagues, and my confidence. Right Management helped me regain my confidence and develop a plan that worked for me.”

“I know that companies have laid people off and left them out to dry. I’m very thankful I didn’t have that. And, investing in outplacement sounds like not just the right thing to do, but the only thing to do.”

Important Observations in the Financial Services Industry

We Noticed Some Interesting Trends...

1 %

Preparedness for a Search

Directly after separation, 68% of financial industry candidate's felt prepared for a job search.

1 %

Positive View of Former Employer

78% of candidates would still recommend their previous employer as a place to work, and have an overall positive view of the company.​

1 %

Likelihood to Recommend

After completing their program with Right Management, 87% of transitioned employees would still purchase and recommend their previous employer's products.

Not Surprised

Coaches noticed that most candidates were sad to be selected, but not surprised given market conditions in the financial industry.

Mental Health & Wellbeing

Candidates appreciated the check-in from Right Management and they "felt like their employer wanted to ensure their wellbeing."

Robotic Notification

Candidates felt like the notification process was robotic and failed to address their questions.

Recent Headlines

Recent headlines surrounding the stability of the banking and finance industry is worrying financial candidates, and is causing many of them to consider switching industries.

Compensation Levels

Many candidates worry that their compensation at a new job will be much lower than what they were previously making, mostly due to specialized industries or skillsets.

Cyber Technology

There is an increasing demand for professionals experienced in cyber technology. Especially for the financial servcices industry.

Typical Project Volume & Utilization in the Financial Services Industry

Financial Candidates Referred and Program Usage

Candidates Referred: 1705

Candidates Started: 1291

Utilization 76%

Candidates Referred: 958

Candidates Started: 644

Utilization 67%

Candidates Referred: 247

Candidates Started: 208

Utilization 84%

Candidate Job Landings in the Financial Services Industry

Average Weeks to Land a New Role


Program Satisfaction in Financial Industry

Candidate Survey Results

Response Count = 8,968

TouchPoint Score Count = 3,921

As global outplacement leaders, we take our candidates’ experience seriously. At the end of each coaching touchpoint, event, seminar, etc., we randomly sample an externally valid population of candidates to determine satisfaction and uncover areas for improvement. 

This data is updated monthly and reflects 2022 responses.

1 %
1 %
1 %

Top Resources in Financial Industry

Top Resources Used throughout Program


Moving Forward...

To support the Financial industry, we recommend the following: