Several businesses have sought advice from Sterling, asking whether they should suspend their credit control collection process completely until the lock-down is lifted, fearing that chasing payments now may damage customer relationships.
“Gaining the skillset and knowledge to survive this economic uncertainty is vital for business success."
"We’ve observed a drop-off in plans to launch new products and services as firms batten down the hatches."
“We commend the banking sector for tackling this issue head on, and encourage other leading UK high street and global banking brands to follow the lead of their peers."
"We knew this would produce opportunities with those who favoured a relationship focussed approach, and one led by expertise rather than chance.
“Major banking organisations as well as those from the wider financial services space, have refrained from investing in talent due to the lack of clarity."
“Classic skill-sets required for the financial services industry are not enough anymore."
“Employees are increasingly looking to their employer to provide greater support for their physical, emotional and financial wellbeing."
The financial services roles most at risk of being lost to European locations include; private banking, trading, sales, operations, middle office and Risk & Compliance.