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With the entrepreneurial nature of the lending space, retention of candidates is a common challenge that continues to affect businesses. Showing real growth potential and reviewing employee's remuneration at more regular intervals is a strategy to mitigate attrition.
With the continued market share growth in the Broking Space, Banks are continously reviewing employee salaries and benefits to discourage seasoned bankers from taking the leap.
As there is a low barrier to entry and sometimes ineffective mentoring, we see candidates who are seemingly experienced but have noticeable skills gaps.