Six themes likely to emerge from banks' talent acquisition struggles in 2023

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.

• After hunkering down through the pandemic, bankers are now leaving their jobs at record rates. In 2022, banks experienced a 23.4% turnover rate, a giant spike from the previous year’s 16.2%, per consulting firm Crowe LLP.