This hyper-connected, small world that we now live in makes it possible to source talent from anywhere to either get better talent, or similar talent for a lower cost.
Sometimes you might even get both.
When it comes to banking,
The big players are always going to get the best talent.
You simply can’t outbid JP Morgan, Wells Fargo or Bank of America for someone that they want.
What you CAN do,
Is outbid them for hyper-niche talent to match your specialized product/service.
Let’s say you’ve built an app that provides instant car loans at competitive rates.
A software engineer with lots of experience with car loans will be EXTREMELY valuable to you.
But to Wells Fargo?
Probably not so much.
Unless they are the very best.
You don’t need that.
You just need a good software guy that knows car loans.
And you’d be willing to pay a pretty penny for someone great without needing them to be “The Best”.
Wells Fargo on the other hand?
That same person would be nothing more than another employee.
A cog in the machine.
If you try to play with the big players at their own game,
You’re going to get beat.
But if you pick just 1 small part of their game to focus on,
You have a real chance at beating them.
AND, if you are willing to search the world over in our hyper-connected environment, you may just find the talent you want with a price tag well within your budget.
Digging deep on banks is what I do.
🔔 Find me here, weekdays at 8:30 EST, for insights on banking, data science, and some of my crazy adventures. 🔔
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