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US banks face talent crisis as replacement costs rise
Published Thu, Jan 19, 2017 · 09:50 PM
New York
DESPITE recent changes at banks such as faster promotions intended to retain employees, many firms are still in danger of losing top talent, according to a new report.
The study, released on Wednesday night by consulting firm Quinlan & Associates, said some banks are incurring up to US$1 billion in costs annually associated with replacing employees who leave voluntarily.
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