Pain Points

Recruiters in the payments industry encounter a significant challenge in discovering and hiring candidates with the necessary knowledge of the payments landscape.

  • Limited Academic Emphasis: Payment-related subjects are often not extensively covered in university curricula, if at all. Many payment experts acquire their knowledge through hands-on experience, making it challenging for recruiters to identify candidates with the required skills and expertise.

  • Multifaceted Nature of Payments: The payments industry is complex, demanding a comprehensive understanding across various disciplines such as IT and programming, business, legal and regulatory frameworks, and banking. This complexity adds to the difficulty in finding candidates well-versed in these diverse areas.

  • High Employee Value: Once successfully integrated into a role, an employee becomes highly valuable to the employer. Consequently, companies strive to create incentives for employees to remain, making it challenging for recruiters to attract top talents to consider job changes.

  • Limited Expert Inflow: The market is expanding rapidly, yet there is a scarcity of experts entering the field. According to forecasts, the digital payments industry is expected to grow annually at a rate of 9.60% (CAGR 2024-2028), intensifying the demand for skilled professionals in the sector.

Challenges

The competitive landscape in the payments industry, while occasionally advantageous for job seekers, present challenges for recruiters in the talent acquisition process.

  • Lack of Specialized Knowledge

    The absence of specialized knowledge in payments can impede candidates' performance during interviews and their ability to align with the specific requirements of the role.

  • Extended Time-to-Fill

    The shortage of candidates possessing the required skill set prolongs the time-to-fill for open positions. Recruiters need to conduct more interviews, be more creative in generating leads and presenting the benefits of changing positions.

  • High Cost per Hire

    The most qualified candidates often already hold secure, well-paid positions, resulting in a prolonged hiring process and an elevated cost per hire.

Our Area of Expertise

We can either provide support for you or assume full responsibility for all process steps that require deep payments industry knowledge.

reMonetary solutions for the recruitment industry

reMonetary offers a solution to the challenges encountered by recruiters. Through strategic partnership, we empower them to achieve greater success in the industry by furnishing the essential knowledge and tools needed to overcome the industry's challenges

  • Educate Job Candidates: Through reMonetary, you can provide job candidates with a valuable resource for swift and efficient interview preparation. Our accessible courses contribute to the candidates' readiness for the challenges of the payments industry.

  • Assessment: We furnish customized tools, including online tests and assignments, to help identify the most qualified candidates. Specify the required expertise, and we will provide the necessary materials to facilitate the selection of the best candidates.

  • Training: For clients looking to provide training for their employees or efficiently educate and onboard new hires, you can enhance their processes by incorporating reMonetary.

  • Educate Recruiters: We offer partnership bundles featuring on-demand courses tailored for recruitment agencies, equipping them with essential knowledge about the workings of various payments sub-industries and current trends. This knowledge enhances recruiters' confidence, benefiting both clients and job candidates.

Ready to Get Started?

Our team crafts customized solutions to enhance your effectiveness. Contact us today for a straightforward, compelling offer that aligns with your goals. Let’s redefine success together. You can either leave your email address, and we will get in touch with you, or simply send us an email at [email protected].

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