Strategic Financial Recruiting

New Illinois Law Adds Reporting Requirements for Staffing Firms

By Torrey and Gray | October 31, 2017

To pile it onto an already hostile and competitive industry, Illinois saw fit to add undue reporting burdens to certain sectors of the staffing industry.  The original version was even worse, but the final bill signed by Governor Rauner is still bad and put’s the state in yet another competitive disadvantage. For the full article go to https://www2.staffingindustry.com/site/Editorial/Daily-News/New-Illinois-law-imposes-more-legal-requirements-on-staffing-agencies-The-Staffing-Stream-43894

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Impact of CECL on Banks

By Torrey and Gray | October 5, 2017

Torrey & Gray is a recruiting and staffing firm in the Chicago area that has expertise recruiting professionals for CECL, Risk Modeling and other finance related positions for financial services organizations.  In this article from the ABA Banking Journal, the potential effects of the upcoming Current Expected Credit Loss standard (CECL) is explored from several viewpoints. As with past regulatory reporting requirements, a significant amount of time and resources may be needed to effectively capture and assemble the data needed by banks to begin the process.  The requirement may impact smaller banks more adversely as their cost of obtaining reliable…

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Temporary Staffing for Disaster Relief

By Torrey and Gray | September 21, 2017

For those willing and able to work on temporary positions for disaster relief efforts in hurricane struck areas of the United States, here is information from the Federal Emergency Management Agency: Thank you for your interest in helping survivors of Hurricane Harvey and Hurricane Irma. When disaster strikes, America looks to FEMA to support survivors and first responders in communities all across the country. We are currently seeking talented and hard-working people to help support the response and recovery efforts. Immediate temporary jobs are available in several locations. (updated on 9/20/17) Please read the full job announcement by clicking on the…

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Engaging (and Recruiting) the Next Generation

By Torrey and Gray | July 28, 2017

They are here – Millennials may comprise more than 50% of the workforce by 2020.  Unemployment is continuing to inch down.  What are you doing to prove to Millennials that you are worthy to have them come work for you?  One small public accounting firm chronicles an innovative (well, it has been around for at least 25 years) way to  increase career awareness at the high school level.  Before the Big 4 campus recruit away all the top talent, before their name brand is all students see at campus recruiting events, before they even decide to NOT pursue a degree…

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Get ready for Wage Increases

By Torrey and Gray | July 7, 2017

The Bureau of Labor Statistics reported an increase in Temporary Staffing and a relatively low unemployment rate of 4.4% (only 2.4% for college level education required positions).  Overall penetration of temporary staffing in the workforce is remaining above 2% and is expected to continue to rise. All of these factors will at some point lead to wage increases.  Wage increases to keep employees, wage increases to lure top talent away from their current employer.  It has taken a very long time, but employers of all sizes are beginning to realize that it may take a little more compensation to attract…

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How Will You Differentiate Yourself for Career Success?

By Torrey and Gray | June 1, 2017

Here is a good article from my colleague Crystal Blackwell.  Click Here to read her article.

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Financial Conditions Loosen Slightly in Week Ending October 14

By Torrey & Gray | October 20, 2016

The Chicago Fed’s National Financial Conditions Index (NFCI) provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets and the traditional and “shadow” banking systems.

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