Navigating the Shifting Landscape:
Talent Development Trends in the Credit Union Industry
A Report on the 2023 CUES Talent Development Survey
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Talent has become the ultimate differentiator in today’s fast-paced and highly competitive world.
The workforce landscape continues to experience a transformation driven by technological advancements, changing work patterns and evolving societal expectations.
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Routine and repetitive tasks are increasingly being automated.
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Remote and hybrid work environments have become widespread.
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The demand for specific and critical skills continues to grow.
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The workforce is increasingly multigenerational.
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Employees are seeking inclusive workplaces where work-life balance and employee well-being is prioritized.
In today’s rapidly evolving business environment, organizations across industries are seeking innovative strategies to remain competitive.
Among the critical factors that can drive success, talent development has emerged as a pivotal cornerstone. Organizations realize that nurturing and harnessing the potential of their workforce is essential to achieve sustainable growth and maintain a competitive edge.
As CUES began its fourth annual HR and Talent Development Survey of CEOs and HR executives in North American credit unions, we were interested in understanding:
The most pressing talent development needs and how those challenges are being addressed
How talent development strategies align with organizational strategic plans
Training formats and solutions usage and preferences
Acuitim Marketing Research and Consulting facilitated the survey once again this year, with participation from credit unions of all asset sizes.
The top five major challenges identified are:
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Attracting/retaining quality talent
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Building sufficient bench strength
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Providing regular advancement opportunities
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Developing future talent
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Building robust mentoring programs
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© CUES 2023.