It’s been almost a year since our country experienced a record-high number of job openings, with an estimated 11.4 million in December 2021, according to the U.S. Bureau of Labor Statistics. Now, as companies continue to try and fill the vacancies left by the pandemic, the struggle to hire qualified workers has never been more evident. Meanwhile, the need to retain top performers has never been more important.
The concept of nailing down recruitment and retention efforts to grow your business is by no means a new one. However, in an industry focused on building up its communities and providing members with financial education and wellness, credit unions understand the importance of investing in talent development to achieve long-term success.
At Credit Union of Texas, our team serves more than 150,000 members in one of the fastest-growing regions in the country. As a result, we have to be creative to maintain a steady pipeline of qualified talent to remain competitive.
Earlier this year, our team also recognized the importance of developing leaders within our organization to carry out our mission of providing members with financial education and improving their financial situations. This recognition, combined with an increasing desire from our employees for more professional growth opportunities, resulted in the launch of a talent development program at CUTX called Pathways. Unlike talent development programs that focus primarily on the growth of early-career employees, the Pathways program offers both a management track and a senior leader track.
continue reading »