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.