{"id":4447,"date":"2024-07-16T17:37:00","date_gmt":"2024-07-16T15:37:00","guid":{"rendered":"https:\/\/www.fbf.fr\/en\/?p=4447"},"modified":"2024-07-22T17:51:57","modified_gmt":"2024-07-22T15:51:57","slug":"the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires","status":"publish","type":"post","link":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/","title":{"rendered":"The banking sector\u2019s workforce grew in 2023 with over 44,000 hires"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>In 2023, French banks continued to actively hire, adding 44,500 new employees to their workforce. With 355,100 employees at the end of 2023 (including 182,000 in the AFB branch), the banking sector increased its headcount (+0.2% excluding work-study participants) for the first time in several years. The sector accounts for nearly 1.7% of private-sector salaried employment in France.<\/strong><br><br><strong>This hiring momentum was also reflected in the number of work-study participants, totalling 19,650 in 2023, up a healthy 7% from the previous year. This brings the entire sector workforce to 374,750.<\/strong><br><br><strong>A dynamic sector and permanent jobs<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The French banking sector is a major employer, accounting for 1.7% of private-sector salaried employment. The sector had nearly 375,000 <strong>employees and 20,000 work-study participants <\/strong>at the end of 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">French banks hired <strong>44,500 employees<\/strong>, including <strong>22,300 in the AFB branch<\/strong>. Of these 22,300, 16,600 are permanent hires; more than <strong>74% are on permanent contracts <\/strong>(vs. 66% in 2017), representing more than <strong>98% <\/strong>of jobs in the sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Turnover decreased in 2023 and stands at 9.4% for the sector (vs. 10.2% in 2022) and is less than half the national average (22.2%).<br><br><strong>Highly skilled and diverse jobs for women throughout France<\/strong><br><br>With<strong> women making up nearly 57% of its workforce,<\/strong> banking is a sector that promotes parity: women account for 50.8% of new hires, and one in two is hired at the managerial level;<strong> 50% of managers are women<\/strong> (+5.4 points since 2012); and women account for <strong>59.9% of promotions.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is also a sector where jobs are skilled<strong> (managers make up 71.2% of the workforce,<\/strong> +16.3 points since 2012) and open to people with different types of degrees. Of the sector\u2019s permanent hires, 57% have <strong>4-5 years of higher education or more, 33.8% have 2-3 years of higher education, and 9.2% have less than 2 years of higher education.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Customer relations jobs<\/strong> account for nearly<strong> 54%<\/strong> of permanent hires. These jobs are located throughout France, as a local footprint is the hallmark of French banks and an important component of their relationship-based model. They outpace jobs in IT (13.8%), compliance and risk management (8.6%) and back office (4.5%).<br><br><strong>A responsible and engaged sector<\/strong><br><br>In 2023, French banks hired <strong>14,820 new work-study participants<\/strong>, bringing the total number at the end of 2023 to 19,650.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the AFB branch alone, there are<strong> 10,400 work-study participants (of which 7,600 new contracts in 2023),<\/strong> as well as<strong> 6,300 young people working as interns<\/strong> and<strong> 750 young people<\/strong> participating in the <strong>Volontariat International \u00e0 l\u2019Etranger<\/strong> (international business internship) programme.<strong> <\/strong>Of note is that 24.5% of the young people on work-study programmes live in disadvantaged urban neighbourhoods and are in undergraduate or postgraduate education programmes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Banks also actively help integrate young people from disadvantaged neighbourhoods and skilled refugees into the workplace through partnerships, including with APELS and each One.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, nearly one in two new hires is under the age of 30.<br><br>Banks\u2019 policies on older workers, often as part of dedicated collective agreements, have helped to gradually increase the retirement age, which was <strong>62.6 years<\/strong> in 2023 (+1.7 points since 2012).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For Maya Atig, Chief Executive Officer of the AFB and the FBF: <em>\u201cIn 2023, banks saw their workforce increase for the first time in several years, with significant hiring across a range of business lines. They are also major players in training and integration. They dedicated 4.2% of their total payroll to training their employees, or nearly 5\u00a0million hours, and brought in 7,600\u00a0new work-study participants. These figures demonstrate the extent to which banks across the country are actively involved in integration and development\u201d.<\/em><\/p>\n\n\n<div class=\"postAttachment\"><div class=\"postAttachment__wrapper\"><div class=\"postAttachment__info\"><p class=\"postAttachment__name\">Key banking-sector figures and employment trends in 2023 (PDF)<\/p><p class=\"postAttachment__fileSize\">1.2 MB<\/p><\/div><a class=\"postActions__action postActions__action--big clickEvent postAttachement_link\" data-wp-interactive=\"fbf\/tracking\" data-wp-context=\"{&quot;category&quot;:&quot;file&quot;,&quot;action&quot;:&quot;download&quot;,&quot;label&quot;:&quot;Key banking-sector figures and employment trends in 2023 (PDF)&quot;}\" data-wp-on--click=\"actions.push\" data-eventcategory=\"file\" data-eventaction=\"download\" data-eventlabel=\"Key banking-sector figures and employment trends in 2023 (PDF)\" href=\"https:\/\/fbf.fr\/uploads\/2024\/07\/keyfigures-employment2023.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"postActions__label\">Download Key banking-sector figures and employment trends in 2023 (PDF)<\/span><svg role=\"presentation\" class=\"postActions__icon\" width=\"14\"><use href=\"#download\" xlink:href=\"#download\"\/><\/svg><\/a><\/div><\/div>\n\n<div class=\"author\"><div class=\"author__wrapper\"><img decoding=\"async\" class=\"author__portrait\" src=\"https:\/\/fbf.fr\/uploads\/2021\/04\/Benoit-Danton.jpeg\" alt=\"\"><p class=\"author__name\">Benoit DANTON<\/p><p class=\"author__contact\">bdanton@fbf.fr<\/p><p class=\"author__contact\">+33 (0)6.73.48.80.40<\/p><\/div><div class=\"author__wrapper\"><img decoding=\"async\" class=\"author__portrait\" src=\"https:\/\/fbf.fr\/uploads\/2024\/01\/clara-delmote.jpg\" alt=\"\"><p class=\"author__name\">Clara DELMOTE<\/p><p class=\"author__contact\">cdelmote@fbf.fr<\/p><p class=\"author__contact\">+33 (0)6.31.06.60.39<\/p><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>In 2023, French banks continued to actively hire, adding 44,500 new employees to their workforce. With 355,100 employees at the end of 2023 (including 182,000 in the AFB branch), the banking sector increased its headcount (+0.2% excluding work-study participants) for the first time in several years. The sector accounts for nearly 1.7% of private-sector salaried [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":4448,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","views":6954,"viewed_at":"1778472799"},"categories":[689,608,595,618,685,4,13,5],"tags":[643,224],"class_list":["post-4447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employment","category-employment-and-inclusion","category-french-banking-industry","category-rubric-key-facts-and-figures","category-key-words","category-rubric-newsroom","category-overview","category-press-releases","tag-employment-and-inclusion","tag-french-banking-industry"],"yoast_head":"<title>The banking sector\u2019s workforce grew in 2023 with over 44,000 hires - Press releases - The French Banking Federation (FBF)<\/title>\n<meta name=\"description\" content=\"In 2023, French banks continued to actively hire, adding 44,500 new employees to their workforce. With 355,100 employees at the end of 2023 (including 182,000 in the AFB branch), the banking sector increased its headcount (+0.2% excluding work-study participants) for the first time in several years. The sector accounts for nearly 1.7% of private-sector salaried employment in France.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The banking sector\u2019s workforce grew in 2023 with over 44,000 hires - Press releases - The French Banking Federation (FBF)\" \/>\n<meta property=\"og:description\" content=\"In 2023, French banks continued to actively hire, adding 44,500 new employees to their workforce. With 355,100 employees at the end of 2023 (including 182,000 in the AFB branch), the banking sector increased its headcount (+0.2% excluding work-study participants) for the first time in several years. 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The sector accounts for nearly 1.7% of private-sector salaried employment in France.","og_url":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/","og_site_name":"The French Banking Federation","article_published_time":"2024-07-16T15:37:00+00:00","article_modified_time":"2024-07-22T15:51:57+00:00","og_image":[{"width":500,"height":334,"url":"https:\/\/fbf.fr\/uploads\/2024\/07\/GettyImages-1991935419.jpg","type":"image\/jpeg"}],"author":"abrienne","twitter_card":"summary_large_image","twitter_misc":{"Written by":"abrienne","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/#article","isPartOf":{"@id":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/"},"author":{"name":"abrienne","@id":"https:\/\/fbf.fr\/en\/#\/schema\/person\/7a0eaa7cb55394ac1162659cb9e30fe8"},"headline":"The banking sector\u2019s workforce grew in 2023 with over 44,000 hires","datePublished":"2024-07-16T15:37:00+00:00","dateModified":"2024-07-22T15:51:57+00:00","mainEntityOfPage":{"@id":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/"},"wordCount":548,"publisher":{"@id":"https:\/\/fbf.fr\/en\/#organization"},"image":{"@id":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/#primaryimage"},"thumbnailUrl":"https:\/\/fbf.fr\/uploads\/2024\/07\/GettyImages-1991935419.jpg","keywords":["Employment and Inclusion","French Banking Industry"],"articleSection":["Employment","Employment and Inclusion","French Banking Industry","Key facts and figures","Keywords","Newsroom","Overview","Press releases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/","url":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/","name":"The banking sector\u2019s workforce grew in 2023 with over 44,000 hires - Press releases - The French Banking Federation (FBF)","isPartOf":{"@id":"https:\/\/fbf.fr\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/#primaryimage"},"image":{"@id":"https:\/\/fbf.fr\/en\/the-banking-sectors-workforce-grew-in-2023-with-over-44000-hires\/#primaryimage"},"thumbnailUrl":"https:\/\/fbf.fr\/uploads\/2024\/07\/GettyImages-1991935419.jpg","datePublished":"2024-07-16T15:37:00+00:00","dateModified":"2024-07-22T15:51:57+00:00","description":"In 2023, French banks continued to actively hire, adding 44,500 new employees to their workforce. With 355,100 employees at the end of 2023 (including 182,000 in the AFB branch), the banking sector increased its headcount (+0.2% excluding work-study participants) for the first time in several years. 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