Retraining staff ‘priority’ strategy in plugging skill gaps among one in four banking executives

As 72 per cent of senior bankers experience skill shortages banks are are committed to upskilling existing workers

Banking executives face challenges in filling non-traditional banking roles due to skill shortages. Picture: Fergal Phillips

Almost three quarters of senior banking executives in Ireland have said that they are experiencing or expect to experience skill shortages in non-traditional banking roles, with many considering upskilling current staff to plug the gaps, as competition for talent grows.

In a new survey conducted by the Banking & Payments Federation Ireland (BPFI), 72 per cent of banks reported difficulties in accessing skilled workers in key areas such as digital skills, regulatory and compliance and ...