Although the recruitment season in the second half of the financial sector has begun… Commercial bank recruitment ‘in the labyrinth’

The full-fledged recruitment season for the second half of the year has begun. Recruitment in the financial sector is also in full swing, centering on state-run banks, and the government is also planning to hold job fairs to help job-seekers get a job in the financial sector, but the hiring of major commercial banks is still a mystery.
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According to the financial industry on the 5th, it was found that none of the five commercial banks, including Shinhan, Kookmin, Hana, Woori, and NH Nonghyup, have confirmed a specific public recruitment plan for the second half of this year. A bank official said, “We have been recruiting new employees through public recruitment in the second half of every year.”

This is in stark contrast to the government-owned banks that have recently started a full-fledged recruitment movement. IBK Industrial Bank of Korea has decided to hire 100 new employees and is accepting applications until the 24th. Another state-run bank, the Export-Import Bank of Korea, also announced a recruitment plan for 40 people, and the central bank, the Bank of Korea (50), is also in the process of hiring. In the second half of this year, the Korea Development Bank plans to confirm a larger number of recruits than the previous year (60 people).

Earlier, the financial authorities met with the financial sector last month to request the expansion of youth employment. At a meeting with the heads of five major financial holding companies at the time, Financial Services Commission Chairman Eun Seong-soo said, “It is necessary to play a social role by providing ‘quality jobs’ that young people want to work for. Please show that you are working hard.” The heads of financial institutions also expressed sympathy for Chairman Eun’s remarks.

However, the common view of the financial sector is that it is not feasible to proceed with large-scale public bonds like in the past. The main reason is that the need for traditional bankers has disappeared compared to the past as digital and non-face-to-face finance have been strengthened due to the recent impact of COVID-19. In fact, commercial banks are eliminating on-site branches in terms of work efficiency, etc. It is known that about 2,500 employees left the five major banks from the end of last year to June in this trend.

In addition, the fact that occasional hiring of necessary manpower instead of public employment is becoming a routine is also having an impact. Many banks, such as Kookmin Bank and Woori Bank, are currently in the process of hiring IT and big data specialists. In addition, there is an interpretation that large-scale open recruitment in the current COVID-19 situation has become difficult due to the nature of the recruitment process, which requires gathering many applicants in one place.

The financial authorities are planning to hold a joint job fair in the financial sector on the 8th and 9th to revitalize the hiring atmosphere in the second half of the year, but as commercial banks failed to finalize their hiring plans a week before the fair, the opening of the fair also lost its strength compared to before. Banks will conduct non-face-to-face interviews during the fair, and offer an exemption from the 1st document screening process to the best interviewers in the future.

On the other hand, even if banks carry out public bonds in the second half of this year, there is a high expectation that the size will be at or below the previous year’s level. An official from the financial sector said, “The closure of banks is accelerating and the number of customers who use non-face-to-face channels is increasing. .