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Accordbank does not cut staff: despite staff shortages, it expands its team

Accordbank does not cut staff: despite staff shortages, it expands its team

The banking sector in Ukraine, like other financial market participants, continues to face a shortage of human capital. There is a growing trend towards ‘labour migration’ of middle and senior managers in the banking sector. According to financial institutions, the situation is complicated by the mobilisation of employees from the fields of information technology, information security, and banking security. The mobilisation of key employees critical to the normal operation of banks is particularly difficult for the banking sector. Filling such vacancies is becoming a real challenge for HR managers, as most candidates either do not have valid military documents or are not ready to change their current job, even if they receive a much more attractive offer. At the same time, a significant number of Ukrainian banks have not reduced their staff, and are taking steps to create new jobs and open new branches, even in the frontline regions.

For example, a member of the Association of Ukrainian Banks, PJSC CB AKORDBANK, has not reduced its staff over the past two years since the beginning of the full-scale invasion of Ukraine by Russia.

‘The Bank is expanding its team against the background of development of new business lines and opening of new or reopened branches. At the same time, there is a significant shortage of staff in the market, especially in the groups of branch and IT employees,’ said Alexey Rudnev, Chairman of the Management Board of PJSC CB Accordbank.

He also noted that the situation with personnel is currently one of the key challenges, as increased mobilisation leads to a shortage of highly qualified personnel in the banking sector, in particular in the areas of cash collection, IT and regional branches of PJSC CB Accordbank.

‘We support the Government's position on the need to amend the current regulatory framework as soon as possible, which would, on the one hand, prevent abuse in the booking process, and, on the other hand, provide a clear and transparent mechanism for managers of enterprises who are conscientious taxpayers to book personnel critical to the life of the enterprise, subject to the general limit on the number of booked employees,’ said Oleksiy Rudnev, Chairman of the Management Board of PJSC CB Accordbank.

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The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.



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