Connect with us

Business

Finance workers in career confidence crisis: Majority feel better about their appearance than they do their job prospects 

Finance workers in career confidence crisis: Majority feel better about their appearance than they do their job prospects 

The latest research from the UK’s leading independent job board, CV-Library, reveals that even though over three quarters (76.2%) of finance professionals feel confident about their appearance, only half (50%) feel the same way about their career prospects.

The study, which surveyed 2,000 British professionals, also found that while nearly half (47.1%) of finance workers felt confident about finding a job, a staggering 55.6% of them didn’t feel confident enough to apply for one.

What’s more, the survey also found that a lack of confidence has prevented professionals in the finance industry from achieving the following:

  • Asking for a pay rise (58.3%)
  • Asking for a promotion (47.2%)
  • Building relationships out of the workplace (30.6%)
  • Building relationships in the workplace (25%)

Lee Biggins, founder and CEO of CV-Library, comments: “Confidence is such an important asset in all areas of life, but particularly so in the workplace. After all, when employees feel there is no direction to their careers or don’t have clear goals to work towards, it can stifle productivity, diminish job satisfaction and ultimately, impact your bottom line as you struggle to retain experienced members of staff.” 

The survey went on to ask whether finance workers felt a lack of confidence had held them back in other areas, with nearly a third (30.6%) of professionals stating that it had prevented them from taking part in an extra-curricular activity, such as joining a sports club.

Biggins continues: “Seeing as work is such a huge part of people’s lives, it’s imperative that businesses find a way to address these issues. Perhaps start by formalising a mandatory annual or quarterly review process – this can open the lines of communication about employee career progression and get the ball rolling for bigger conversations such as a promotion or pay rise.

“Alongside this, ensure that you mention career progression opportunities in your job adverts, as this can certainly help to attract more applicants to your roles. Either way, with the industry’s professionals in a career confidence crisis, employers need to make changes in order to stay ahead.” 

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now