The asset finance industry operates within a stringent regulatory framework, significantly impacting the talent acquisition process. Organisations must comprehend these regulations to ensure their hiring practices align with compliance standards.
Key Regulations Influencing Asset Finance Talent Acquisition:
Several pivotal regulations affect talent acquisition within asset finance:
- The Financial Services and Markets Act (FSMA): Imposes requirements on firms, mandating robust hiring processes and thorough background checks on potential hires.
- The Consumer Credit Act (CCA): Requires asset finance businesses to furnish precise and transparent information regarding credit agreements to consumers.
- The General Data Protection Regulation (GDPR): Mandates obtaining individual consent for processing personal data and implementing a comprehensive data protection policy.
Ensuring Compliance in Asset Finance Talent Acquisition
Organisations can maintain compliance by following these steps:
- Role Identification: Define the requisite skills and experience for the vacant role.
- Candidate Shortlisting: Review resumes, qualifications, and conduct interviews to narrow down candidates.
- Background Checks: Prior to extending an offer, perform thorough background checks on shortlisted candidates.
Why Choose Resilient:
Our research-based approach to talent attraction ensures that we are up-to-date on the latest regulatory developments and that our clients’ hiring practices are compliant with all applicable laws. We also take a proactive approach to risk management, identifying potential compliance risks early on and taking steps to mitigate them.
In addition to our regulatory expertise, we also bring 20 years worth of wealth of experience and knowledge of the asset finance industry to our clients. We have a deep understanding of the skills and experience that are required for different roles in the industry, and we are able to source and attract top talent from a wide range of backgrounds.
Our research-based methodologies enable us to identify and assess candidates in a comprehensive and objective manner. We use a variety of research methods, including psychometric assessments, behavioral interviews, and reference checks, to gain a holistic understanding of each candidate’s qualifications and suitability for the role.
We are also committed to providing our clients with ongoing support and guidance. We offer a variety of services, such as onboarding assistance, training and development, and performance management, to help our clients maximise the return on their talent investment.
By partnering with us, asset finance businesses can be confident that their talent acquisition practices are compliant, efficient, and effective. We are committed to helping our clients build high-performing teams that will drive their businesses forward.