There has been a major shift in the banking market for candidates and employers within the past few months. While there is an influx of unqualified candidates applying to banking positions, as we discussed last month, the opposite is true for the truly qualified banker. We are increasingly seeing more than one bank heavily courting one banker.
What does this mean for you, as a prospective employer? It means that each candidate you are interested in hiring is, more than likely, considering your bank as merely one of several options. This means one important dynamic needs to change in your process in order to successfully attract and recruit the best employees.
Timing. Gone are the days when a potential employer can put a qualified candidate on hold for more than a few days in between interviews while shoring up other business within the bank. Chances are great that, during this time, your candidate is moving quickly through a faster process.
Should this mean that you short-change your process? Absolutely not. But it does mean that a greater number of touches are required between steps to hold the candidates interest.
One of the most important things to keep in mind in this environment is the importance of relying on The Richmond Group to help manage the recruiting process with qualified candidates. Our high-touch, relationship-oriented approach allows us to uncover other opportunities the candidate may be considering and help differentiate and solidify your opportunity as the best option.
As always, we look forward to helping make this a banner year for your team.