Impact of CECL on Banks
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…
Read MoreTemporary Staffing for Disaster Relief
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…
Read MoreEngaging (and Recruiting) the Next Generation
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…
Read MoreGet ready for Wage Increases
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…
Read MoreHow Will You Differentiate Yourself for Career Success?
Here is a good article from my colleague Crystal Blackwell. Click Here to read her article.
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