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Stuart Gentle Publisher at Onrec

Leading South African Banks launch electronic recruitment website Powered by MrTed, Ltd.

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MrTed Ltd.,European recruitment and talent management software platforms provider is pleased to announce itís newest client, BANKSERV, the trusted partner of the South African banking industry, providing inter-bank electronic transaction switching services to the banking sector. In an unprecedented move for the banking industry, BANKSERV will now offer South Africaís only job board, Career Exchange exclusively dedicated to the banking sector.

BANKSERV members in South Africa have not only recognized the need to implement shared services such as ATM, Electronic transfers and cheque clearing but to also include services such as the recruiting function. ì It has been recognized that the banking industry needs to attract more good people; people who could otherwise choose a different industry as a career path,î states Ulf Jonsson, consultant with MrTed Ltd. BANKSERV says,ìWe want to open the doors of the banking sector to candidates in the banks and also offer our members a value added service they would not have had access to otherwise. î

For the banks themselves, MrTed TalentLink is implementing sites that the individual member banks will control. As BANKSERV is a ìdatabaseî, member by member control is required allowing each bank easy access and updating of
job listings. In addition, compliance issues are extremely important for South Africa as Black Economic Empowerment regulations must be strictly adhered to. Candidates will see immediately which positions are BEE opportunities and the banks listing these jobs will be able to make the appropriate assessments on a candidateís profile in compliance with the law.

With the 4 largest national banks, employing nearly 80% of South African banking personnel, the need to increase effectiveness in recruiting is a high priority. Today, some 133,000 people are employed in the banking sector of South Africa. ìThe Bank Careers Exchange job board is going to be a precedent setting project. I think the financial sector globally will be following this one very closely,î says Erik Schmidt, Regional Sales Director for MrTed Ltd.

BANKSERV launched Career Exchange with 4 banks at the end of January. The balance of BANKSERVís member institutions, which comprise the majority of South Africaís banks, will follow.