Welcome to Part Two of our look at attracting, training and retaining talent in the banking industry. The first installment reviewed some ways banks can build competitive advantage by attracting talent. This post will go deeper into the importance of training and present a few new ideas to consider.
With almost 7,000 institutions throughout the U.S. (96.8% of all banks), community banks are a staple of our economy. Often, these banks have deep community roots within the markets they serve, but they may lack the focus on attracting and developing talent at an early stage.
Over the next decade, the large baby boomer population is set to retire, creating a greater need than ever for reliable succession planning and talent development.
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