Workforce of the Future

Workforce of the Future: Dealing with Business Change and the Millennial Challenge Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Are investment banks ready to attract, retain and reward a new generation of talent ? Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Today, 60—65% of employees are older than 40, with millennials accounting for a majority of the remainder. In three to five years, those percentages will flip. Passing the knowledge that is walking out the door to younger workers will be essential. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Plus, banks are increasingly using external workforces with valuable—but not critical—skill sets. This raises new questions around managing extended workforces—through intermediaries or digital toolsets— along with investment levels, if any, in career development to execute changes in products or culture for future success. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Major roles are also evolving. The traders of tomorrow will supervise largely automated trading activity, overseeing asset liability management and maintaining client relationships. New IT roles will emerge in service integration, and cloud and client relationship management—roles where softer skills will be key. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

All these critical issues mean talent management must evolve from an administrative function to a true partner of the business equipped to: Attract and retain workers, particularly millennials, who seek a career network rather than a career ladder Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

All these critical issues mean talent management must evolve from an administrative function to a true partner of the business equipped to: Establish a roadmap of required skill sets that is flexible and transparent Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

All these critical issues mean talent management must evolve from an administrative function to a true partner of the business equipped to: Answer extended workforce questions on career development as talent management moves to coordination, not ownership, of talent development Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

All these critical issues mean talent management must evolve from an administrative function to a true partner of the business equipped to: Use human capital analytics to effectively manage employees, optimize return, and identify future investments Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

LEARN MORE about how banks are turning workforce challenges into new opportunities with our full report: Workforce of the Future: Dealing with Business Change and the Millennial Challenge Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.