Purposeful Talent Development: Approach challenges as if they’re permanent

Nine questions to stretch your thinking about practices that will work for you going forward

The competition for talent has been raging for the past few years.  While it seemed to come to a head after the pandemic, the demographic underpinnings have been at play for decades.

As teams work to meet today’s talent challenges, approaching the situation as if it’s permanent can recast the thinking, bring new solutions to the surface, and potentially better position the financial institution for future success.

While there is potential for a recession, which could bring relief on the talent front, the relief may only be temporary, given long-term demographic trends.

In April, there were 0.5 unemployed workers per job opening, illustrating just how hard it is to find people, let alone the right people. But this is a continuation of a longer-term trend.


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