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4 Strategies to Navigate Banking’s Talent Shortage

10/4/2023 12:23:05 PM

Recent years have seen a wave of pandemic-induced early retirements and a national game of house-swapping as remote work encouraged people to move farther away from physical offices.

Many companies are struggling to rebuild teams; this includes financial institutions that need to replace employees with decades of specialized expertise. In BAI’s Banking Outlook 2023 survey, financial institutions named attracting and retaining talent a top business concern. Nowhere is this complex challenge starker than in the primary revenue center for banks: the lending department. This article will explore ways your lending team can navigate banking’s talent shortage.

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