Salary still poses greatest challenge for recruitment
Staff morale constitutes lowest constraint but is a concern for some central banks
The difficulty of meeting higher salary demands is central banks’ greatest recruitment constraint, the Governance Benchmarks 2025 find.
Respondents ranked various recruitment challenges from a score of one to five, with one representing “not challenging at all” and five indicating “severely challenging”.
Employees’ salaries attracted the highest average score of 2.9. “Other” (2.6) factors are respondents’ next-most concerning recruitment problem. Pensions (2.1) and recruitment campaigns (2.0) are
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