Banks turn to online talent forums to attract staff

©Bloomberg Investment banks are turning to “talent communities” and machine learning as they become increasingly creative in their quest to attract the right personnel to an industry that has lost some of its lustre since the financial crisis. JPMorgan, the world’s biggest investment bank, is creating online talent forums of prospective employees in an attempt to attract tech workers, Jim Cochran, the bank’s head of global recruiting, told the Financial Times. More On this topic IN Banks Goldman Sachs, meanwhile, is using machine learning to screen the hundreds of thousands of applications it still gets each year for those that meet the bank’s basic suitability thresholds, an executive said. Top MBA graduates are now 40 per cent less likely to pick banking as a career than they were in 2008,…


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