How To Attract And Retain Talent When Big Techs And Fintechs Layoff Staff

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Current economic conditions—coupled with the wave of layoffs among fintech and Big Tech companies—may be tempering the so-called “great resignation” of 2022, but don’t tell that to banks.

If these folks are so apt to go work for a bank now, why didn’t they go work for a bankProbably for one—or both—of two reasons: 1) They wanted a more entrepreneurial environment, and/or 2) They wanted an opportunity to make a lot of money .What’s Working for Banks in Hiring and Retention

American Eagle’s work from home policy is becoming the industry standard as nearly two-thirds of the financial institutions now have a hybrid policy where the staff splits their time between working from home and at the office.The Bigger Challenge in Battling the Great Resignation Whether banks like it or not, fintechs have done a better job over the past decade in staking out the “we’re here to improve society” position in the minds of consumers and job seekers.

 

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