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RBC CEO McKay Sees War for Talent Topping List of 2022 Concerns

  • Banks are struggling to hire engineers and data scientists
  • Wage hikes for highly skilled are well above inflation
Bloomberg business news
Female Executives Are in High Demand: Adan Dean

Financial firms are facing a major challenge after the coronavirus pandemic shook up the labor market, according to the head of Canada’s largest bank: They can’t acquire enough talent.

With tech firms “reinventing our society” through artificial intelligence, the Internet of things and blockchain, demand for workers with math and coding skills is so great that banks are struggling to hire the people they need, Royal Bank of Canada Chief Executive Officer Dave McKay said in an exclusive interview.