FCA trials HR initiatives as staff exits continue

Financial Conduct Authority (FCA) board minutes for May revealed the current rate of external staff turnover - staff quitting the regulator for jobs outside - was 11.2%. Although the board noted the rate had remained "stable" in recent months, it was up 24% on the rate recorded at the end of the FCA's first year, when 9% were leaving for external jobs. The current figure means the regulator has returned to levels last seen in its first six months of operation, following the split of the previous regulator the Financial Services Authority (FSA), when it recorded a staff turnover of 12%...