Pub. 8 2018-2019 Issue 3

20 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 A mong all U.S. states, Colorado stands out as an advan- tageous place to do business, ranking #1 in economy, #3 in growth and #6 in job growth. A great deal of this success can be credited to the banking and finance industry, with the Denver area serving as the largest financial center between Los Angeles and Chicago. However, Colorado also has one of the lowest unemployment rates in the country, which makes recruiting top talent an even bigger challenge for multinational banking corporations and regional banks operating here. What do institutions need to know about labor and industry trends in order to attract the workforce they need to continue operating at the highest level? Competitive landscape Even in a region with a large volume of qualified workers, banks are often competing against each other for the same employees. According to Emsi, a labor market analytics firm, these are the open positions that Colorado banks posted most often between July 2017 and June 2018: Recruiting Top Banking Highly Competitive Mar BY JASON JOZSA, DIVISIONAL PRACTICE LEAD, FINANCIAL SERVICES AT AEROTEK