South African banks battling over scarce IT skills in South Africa

Jamie McKane

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#1
South African banks battling over scarce IT skills in South Africa

South African banks are at battling to find qualified IT professionals and are competing with each other over a dwindling supply of skilled workers, according to a report in the Sunday Times.

Standard Bank, Absa, Nedbank, and FNB all said that it was becoming increasingly difficult to find skilled IT workers to aid in their digital migration efforts.
 

robw

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#4
This is actually nonsense as far as Standard Bank is concerned. In November 2019 they retrenched 30 Infrastructure and Solutions Architects which already had significant cloud skills and could easily have been skilled up to be cloud experts. A few of these Architects were accepted for different roles during the retrenchment process but the majority weren't. And it now appears Standard Bank are too embarrassed to rehire any of the retrenched personnel even on a contract basis.
 

Mrlepen

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#5
This is actually nonsense as far as Standard Bank is concerned. In November 2019 they retrenched 30 Infrastructure and Solutions Architects which already had significant cloud skills and could easily have been skilled up to be cloud experts. A few of these Architects were accepted for different roles during the retrenchment process but the majority weren't. And it now appears Standard Bank are too embarrassed to rehire any of the retrenched personnel even on a contract basis.
Soo true there is no shortage nothing but horse **** from the banks.
 

garyc

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#8
There will be a demand for skilled people during major migration projects. Once these projects have matured there will probably be another round of retrenchments.
 

Chinmaya

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#12
Large chunks of works at major banks are done by indians from India. The excuse that local resource is not there lets them hire foreign nationals. Some even have outsourced their work to people in India. People are at loss and not Business.
 

WorldWarII

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#18
I contract for a lot of banks and the problem is not shortage. Its 2 things.

1. They want to pay peanuts and expect the world.
2. They dont want to permanently employ anyone of a sepcifc skill because the technology changes so much. How many people I speak to that say the bank is changing system thing whatever and they not being reskilled because the banks rather find new people and pay them less as juniors than reskill their current labour and pay them a livable wage.

Banks are the most corrupt organised crime syndicates in the world.
 
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