Pub. 7 2017-2018 Issue 4

16 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S FEATURE ARTICLE BY PATRICK COLE AND TIMOTHY REIMINK CROWE HORWATH LLP Those positions had been reversed for more than 10 years, before the two numbers became roughly equal in 2016. The 2017 results suggest employment growth is now the dominant expectation among survey participants. On the Front Lines of the Bank Talent Wars A new su r ve y of bank e xe c ut i ve s indicates that the compet it ion for talented employees is likely to continue in the near term. At the same time, though, there are signs that the demand for employees could be starting to ease slightly, and some banks could be preparing to adjust their talent management strategies in response. Every year, Crowe Horwath LLP surveys financial services companies throughout the United States about compensation trends, benefits, incentives, and other human resourc - es issues. The responses to the 2017 survey show that employee salaries and turnover rates still are rising, continuing a multiyear trend. Yet while overall staffing levels are still increasing, some of the underlying factors that drive the competition might be starting to shift, and banks should be prepared to adapt their approaches in the coming years.