Financial institutions are struggling with a shortage of the right talent within a sea of available labor. Roles are becoming more difficult to fill as mismatches between available talent and the talent institutions need are becoming more and more evident. Facing ever-growing pressures to reduce costs, business leaders are being handed an impossible task: do even more with less.
A variety of factors contribute to the talent challenges currently faced by the front and back offices of financial institutions. But where do you start? Having an objective, robust approach to talent assessments can lead to smarter, more strategic talent decisions and position organizations for profitable growth. We believe these institutions should align business strategy to every aspect of the talent assessment process.
Bhushan Sethi and Suyoung Sebastian discuss how financial institutions can implement strategic talent decisions to meet business goals.