It’s no secret that Minnesota’s housing market is competitive when trying to find quality homes. A colleague of mine compared the high demand in the fast-paced housing market to the ongoing demand within the Banking & Financial Services hiring space, and the significant number of talented Twin Cities commercial bankers who are moving to new opportunities. Similar to buyers scouring the housing market, solid candidates are being sought by multiple employers, and the demand for talented commercial banking candidates exceeds the supply. Candidates are receiving multiple offers, and they’re being swept up quickly. As an employer seeking talent with a finite market of available candidates, here are four things to keep in mind:If you’re looking for talented candidates, contact Versique. We offer an unparalleled blend of functional, industry, and recruiting experience in Executive Search, Direct Hire and Contract to help you find the right talent for your team.
1. Don’t discount the value of a “Fixer Upper”It’s important to know what qualities you want in a candidate but be open to interviewing and considering candidates with different backgrounds and skill levels. Like “fixer-uppers” in the housing space, expanding your search to a wider pool of candidates may uncover undervalued ‘gems’ that other “buyers” (i.e. employers) may overlook. You decide which professional improvements are prioritized, and you may secure a solid candidate at a lower, but fair offer.
Even if a candidate doesn’t check every box on your preferred qualifications list, they still may have great potential, and with a little training and mentoring, they can become solid, long-term contributors.