Magazine : Archives : 3rd Quarter 2021

Banking’s Post-Covid Talent Crisis

The Covid-19 crisis presented a human resources challenge like no other, one that’s continuing to redefine the workplace — a dynamic explored in Bank Director’s 2021 Compensation Survey, sponsored by Newcleus Compensation Advisors. And in a year that witnessed massive unemployment, most banks kept employees on the payroll. Just a quarter of the CEOs, human resources officers and board members responding to the survey say their bank experienced a net reduction in staff last year.    “A lot of the fears that banks had never came to fruition. The injection of money by the federal government and the Federal Reserve...