The peculiarities of employment in banking institutions in the context of current trends in the labour market

Abstract

The peculiarities of employment in the banking sector of the economy are studied. The paper aims to examine the features of the bank staff employment at the background of global employment trends; conduct comparative analysis of the use of various bank staff employment forms; outline the features of introducing the non-typical forms of the bank staff employment, including outstaffing and remote employment. The context of digitalization and its impact on the employment of the bank staff is outlined. The scientific hypothesis on the impact of digital technologies on the employment in banking is tested. The consequences of the reduction of number of banks from 2014 to the present day and its influence on the employment are clarified. A comparative analysis of the use of different forms of employment in banking is made. Peculiarities of introduction of non-standard forms of employment in banking are considered. The advantages of using part-time and borrowed labour are proved. The paper points out that despite the lack of legal basis for the introduction of an outstaffing employment model in banking, it demonstrates certain advantages (employment contract) and bottlenecks (lack of stability for banking employees) in practice. The introduction of a regime of remote and virtual work in Ukrainian banks, which is associated with the conditions of the pandemic and crisis, is justified. Based on the monitoring of expert opinions of some Ukrainian banks and the practice of their work in the context of the virus crisis, the feasibility of introducing remote work in banking, which has the character of remote work based on appropriate qualifications and proper IT literacy, is outlined. The expanded range of outsourcing entities opens new opportunities for bank institutions in terms of improving the performance efficiency.