TheCityUK believes for the UK to maintain its position as the leading international financial centre, it needs to be able to attract and retain the world’s best talent.
Our work in this area is framed by our strategic reports: ‘A vision for a transformed, world-leading industry’ and ‘UK financial and related professional services: meeting the challenges and delivering opportunities’.
Building skills and attracting talent to the industry is an integral part of our vision for the future of the industry and the UK. The industry needs to support the development of domestic skills, more closely aligning with educational institutions and making better use of apprenticeships. This is fundamental to ensuring its continued success.
We work with our members and the wider financial and related professional services industry, to support the development of a talent pipeline. Among other things, the focus is on ensuring workers have the skills of the future; data science, artificial intelligence, cyber security, interface design and software engineering.
In order to ensure access to deep pools of domestic and global talent, we are calling to:
- Build stronger partnerships between the financial services industry and academic institutions.
- Develop more effective apprenticeships and increase hiring of school-leavers.
- Develop practical and agile learning programmes and enable life-long learning.
- Improve the attractiveness of working in the financial and related professional services industry as a career choice to younger generations.
- Adapt the current visa system and immigration criteria to ensure the industry has continued access to the right people and the ability to meet changing skills profiles.
- Create specialised, flexible skills-based visas to attract and retain talent to address digital and entrepreneurial skills gaps.
- Streamline the visa process to reduce administrative burden, time and cost.
Our Public Affairs Group (PAG) brings together our senior members with experts in government relations, public policy and public affairs to discuss the development and implementation of the build skills and attract talent priority.
For more information about our work to build skills and attract talent, please contact us.