The news: Banks face a tight job market with limited qualified candidates. Now vying with tech firms and fintechs, talent acquisition is becoming a pain point for most banks. Here we dive into six themes to watch in 2023 as banks try to make the most of the dwindling candidate pool, per American Banker.
Theme 1: Banks will try new methods to curb turnover.
Theme 2: Banks will launch programs to prepare students of underrepresented demographics in underserved areas, with a focus on cybersecurity.
Theme 3: Banks will place major emphasis on attracting cybersecurity specialists.
Theme 4: Banks will turn to refugees with transferable banking skills and knowledge.
Theme 5: The talent wars will escalate.
Theme 6: Fintechs will have a flexibility advantage.
This article originally appeared in Insider Intelligence’s Banking Innovation Briefing—a daily recap of top stories reshaping the banking industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
One Liberty Plaza9th FloorNew York, NY 100061-800-405-0844