0:00
Why are Gen Zed quitting banking? Well,
0:03
we've got this new data from KPMG, the
0:06
big four giant, and they did a big
0:09
survey of financial services leaders,
0:12
and it found that particularly in
0:14
banking, there is a problem retaining
0:16
younger people. So, 54% of respondents
0:19
said that in their firm, they'd seen a
0:22
particular number of young people leave
0:24
the industry. Why is that? Well, a lot
0:26
of it comes down to flexible working.
0:28
It's a big Gen Zed priority that we've
0:30
seen in a number of surveys and polls
0:32
before wanting that flexible working,
0:34
wanting more from home and a lot of that
0:36
comes down to co not really knowing any
0:39
other styles of working and it's not
0:41
necessarily something that the industry
0:43
always allows for in every role. Also,
0:45
there is a big priority in working
0:48
somewhere more entrepreneurial. Gen Zed
0:50
more so than their millennial or Gen X
0:52
counterparts want to feel like they're
0:54
working in a startup somewhere a bit
0:56
smaller where they can be and feel a bit
0:59
more high impact. We've seen this
1:01
before. So there was a Timesled survey
1:02
that we reported on at City AM earlier
1:04
this year. That found that only one in
1:07
10 of Gen Zed would want to work in the
1:10
office full-time. There are of course
1:11
some drawbacks to not being in the
1:13
office. So read the big recruiter. They
1:16
did a survey in the summer which found
1:18
that you're more likely to get passed
1:19
over for pay rises and promotions if
1:22
you're not in the office. Let us know
1:23
what you think in the comments. Have you
1:24
just left banking? If so, definitely let
1:26
us know in the comments below.
