Central banks reveal top staffing constraints

Career progression limits, skills gaps and red tape identified as challenges

Central banks say career progression limits, skills gaps and red tape are some of the top hindrances to adequate staffing, the Governance Benchmarks 2024 reveals.

Central Banking asked respondents to rank their staffing challenges from one to five with one denoting “not challenging at all” and five representing “severely challenging”.

Participants assigned the highest average score of three to “other” concerns. A few mentioned limitations in career pathways. Others identified skills gaps, red

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